80 Percent of Small Business Owners Are Waiting to Receive a Loan from the SBA, Survey Finds

The National Federation of Independent Business (NFIB) Research Center released a survey Tuesday that said 80 percent of small business owners are still waiting to receive a loan from the Paycheck Protection Program (PPP).

“Small businesses were prepared and ready to apply for these programs, the only financial support options for most, and it is very frustrating that the majority of these true small businesses haven’t received their loan yet,” Holly Wade, NFIB Director of Research & Policy Analysis, said. “Small businesses make up nearly half of the economy and it’s crucial that their doors stay open.”

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