Businesses Hunger For Cash As Feds Sit On $271B In Unspent Aid

The video discusses the financial struggles faced by businesses like Atlas Brewery during the COVID-19 pandemic. Justin Cox, owner of Atlas, sought financial aid from the SBA but was limited by a $150,000 loan cap. This cap affected many businesses nationwide. The SBA justified the cap to distribute funds quickly but now faces criticism for having a surplus. The SBA is reconsidering the cap, and Atlas Brewery hopes for more support to aid its recovery and growth.

What was the primary reason Justin Cox's brewery sought financial assistance from the SBA?

• To invest in new technology

• To open a new branch

• To survive the financial impact of the pandemic

• To expand the business

Why did the SBA set a $150,000 cap on COVID-19 loans?

• To comply with international regulations

• To prioritize larger businesses

• To save funds for future emergencies

• To ensure quick distribution to many applicants

How many businesses maxed out at the $150,000 loan limit according to the SBA records?

• 567 businesses

• 5,000 businesses

• 567,000 businesses

• 1,000,000 businesses

What was the status of the SBA's funds despite the loan cap?

• Fully utilized

• Allocated to other programs

• Insufficient for demand

• Running a massive surplus

What is Atlas Brewery's plan if the SBA expands the loan program?

• To buy more aluminum cans and hire staff

• To invest in marketing

• To repay existing loans

• To open a new location