— https://www.channelnewsasia.com/news/business/coronavirus-covid-19-businesses-second-time-charm-emergency-12685464
- over-complicated (reminds me of the tax, H1b and medical billing systems) — Many small companies found they had better luck working with local banks, which sometimes did a better job of guiding them through the shifting rules and requirements,
- One business owner said she thought she had taken all the right steps. Her bank, First Midwest Bancorp Inc, directed her to apply through a third-party portal – a common practice among banks that were scrambling to feed loans into the SBA. “By the time I heard anything, the money was gone,” said Wellman, who was seeking just under US$200,000.
- one out of every five companies that qualified and applied for the loans in the first round were unable to secure them. hundreds of thousands of the smallest firms failed to snare funds, even when they were fully qualified and had applications sitting with banks.
— https://www.channelnewsasia.com/news/business/millions-americans-unemployment-system-survey-coronavirus-12684764
- over-complicated — 26.5 million people have applied for unemployment benefits since mid-March, but EPI’s survey indicates that an additional 8.9 million to 13.9 million people have been shut out of the system. This study validates the anecdotes and news reports about people having trouble filing for benefits they need and deserve. Idled workers say they have encountered downed websites and clogged phone lines
- too slow — Many Americans who managed to file claims have yet to receive payments weeks after they lost their jobs.
already moved to dhost.. 