In today’s episode, we go over some of the underlying causes of the problems countless people have encountered with the PPP, as well as highlight a few of the silver linings to these dark days. What do you think the long-term economic implications are for this crisis? We share our thoughts.
In this episode:
PPP ran out of money - bad news. Did the treasury know this was going to happen? [:30]
The process of banks and consumers doing business with the SBA and why so many got left out [3:00]
Why it isn’t a fair process [5:30]
Colorado update - self-employed unemployment benefits open up on 4:20 [10:00]
More states are coming online to take claims [11:00]
Student loan payments are deferred for federally backed loans [12:00]
Can you break your lease? [13:30]
Should you claim bankruptcy? [15:00]
EIDL and other resources update [18:30]
Recession forecast from the IMF [19:30]
Start thinking of your plan. What comes after the unemployment benefits? [23:30]
The importance of estate planning [26:30]
Additional layoffs are likely [28:00]
It’s time for a dose of realism [30:30]
If you’d like to watch on YouTube, check out our video here: