Delays in SBA loans for independent contractors, self-employed workers

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Business owners have been eagerly anticipating a $349 billion loan program meant to cushion the economic blow of the coronavirus pandemic.

Some will have to wait a little longer.

The Paycheck Protection Program, which officially opened for borrowers Friday morning, provides up to $10 million in forgivable loans to small businesses with 500 or fewer employees.

It is one of the core provisions of the $2 trillion federal economic stimulus signed into law last Friday, known as the CARES Act, which also provided expanded unemployment benefits and direct payments to millions of American households.  

The loan program, meant to

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Independent worker group calls for Whole Foods ‘sick out’

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NEW YORK (Reuters) – An independent group of workers at Whole Foods Market called on colleagues to phone in sick to the grocer’s stores on Tuesday to protest what they say is a lack of adequate compensation and protections from the coronavirus.

People wait in line practicing social distance at a Whole Foods Market amid an outbreak of the coronavirus disease (COVID-19), in San Francisco, California, U.S., March 31, 2020. REUTERS/Shannon Stapleton

The group, known on Twitter as Whole Worker, describes itself as a grassroots movement of team members at Amazon.com-owned Whole Foods who are working to unionize.

The group

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Society Of Independent Present Organizers

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Blogging is … Read More