CARES Act – Paycheck Protection Program: Small businesses in Provincetown, on Cape Cod report mixed emergency loan success

After the program received more than 220,000 applications for $66 billion in loans since it opened last Friday, according to the Wall Street Journal, lawmakers are working on adding money with Treasury Secretary Steven Mnuchin asking for $250 billion more.,, “I think the delay is the sheer volume of people applying,” said Chatham commercial fisherman Shannon Eldredge, who works as a navigator for the Massachusetts Fishing Partnership, which assists fishermen and their families with health care and financial help. “I’m hearing it’s going to take longer than anticipated.” Still, she said her organization and clients were pleased that the SBA was answering phones and questions and providing updates on the status of individual applications. >click to read< 11:06

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