- July 22, 2021
- Posted by: Stratford Team
- Category: Business
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A woman walks by a closed barber shop and shoe and watch repair store in the Brooklyn borough of New York City.
ANGELA WEISS/AFP via Getty Images
About the author: John Arensmeyer is the founder and CEO of Small Business Majority.
The pandemic’s emergency loan program was a lifeline for millions of small businesses. For others, the loan amounts weren’t enough, if they arrived at all.
The impact of limited (or stolen) assistance is tragic and, at this point, well-known. Federal Reserve economists estimated that hundreds of thousands of small businesses closed in the first year of the pandemic, numbers that would have been higher without federal rescues. Every dollar counted.
One can only imagine the anger small business owners feel when they read about loans stolen by…
