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0.00187803800265121 0.00298276623950504 -0.00480556783031377 -0.000331418471056133 -0.0158528501988511 -0.0202165267344235 -0.0205479452054794 -0.0114891736632789
Stock impact report

Coronavirus PPP loans leave small firms confused, wary and rushing to secure cash to survive [Yahoo! Finance News]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
America’s small businesses are racing against the clock to survive the economic devastation wrought by the coronavirus pandemic as they await hundreds of billions of dollars in federal loans.Many firms are still struggling to apply for the money as they face technical glitches and confusion about lending terms. Hundreds of thousands of others have gotten approval but still haven’t received funding. Still others are hesitant to apply without knowing what their businesses will look like when the outbreak eases and they reopen, possibly by summer.Meanwhile, the clock is ticking and their cash is dwindling.“I think it’s really dicey for all small businesses right now,” says Amanda Ballantyne, executive director of the Main Street Alliance, a small business advocacy group. For many with fewer than 25 employees, “It’s really like days, not weeks” before their cash reserves are depleted.About half of small employers can survive no more than two months in the current environment, according to Show less Read more
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