{"id":14904,"date":"2020-04-27T10:32:49","date_gmt":"2020-04-27T14:32:49","guid":{"rendered":"https:\/\/poole.ncsu.edu\/news-new\/?p=14904"},"modified":"2023-01-24T13:33:53","modified_gmt":"2023-01-24T18:33:53","slug":"bonnie-hancock-address-paycheck-protection-program-issues","status":"publish","type":"post","link":"https:\/\/poole.ncsu.edu\/thought-leadership\/article\/bonnie-hancock-address-paycheck-protection-program-issues\/","title":{"rendered":"Bonnie Hancock Addresses Paycheck Protection Program Issues"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Many small businesses gave a slight sigh of relief when the Paycheck Protection Program (PPP) was launched on April 3, aiming to provide $349 billion in aid to small businesses. However, loans seemingly ran out in just two weeks and many Triangle small businesses haven&#8217;t seen a dime. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/poole.ncsu.edu\/people\/bvhancoc\/\">Bonnie Hancock<\/a>, executive director of the Enterprise Risk Management Initiative and professor of practice, believes there are many reasons behind the delayed relief and larger businesses being favored by PPP. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cYou\u2019re basically talking about the volume of loan requests coming into the SBA being a 44,000-percent increase over what they normally process,\u201d said Hancock. \u201cIt\u2019s a new program and [currently there are] loose rules. It\u2019s easy to be critical but the government was trying to help out businesses before they go under.&#8221;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more on <a href=\"https:\/\/raleighmag.com\/2020\/04\/relief-for-small-businesses\/?fbclid=IwAR1xSC_fh00OK4aUubZGw9mQWOigUBES1bPOtQDZG2bhBhABlBEYxrxgVuc\">Raleigh Magazine<\/a>. <\/p>\n","protected":false,"raw":"<!-- wp:ncst\/dynamic-header -->\n<!-- wp:ncst\/default-post-header \/-->\n<!-- \/wp:ncst\/dynamic-header -->\n\n<!-- wp:paragraph -->\n<p>Many small businesses gave a slight sigh of relief when the Paycheck Protection Program (PPP) was launched on April 3, aiming to provide $349 billion in aid to small businesses. However, loans seemingly ran out in just two weeks and many Triangle small businesses haven't seen a dime. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/poole.ncsu.edu\/people\/bvhancoc\/\">Bonnie Hancock<\/a>, executive director of the Enterprise Risk Management Initiative and professor of practice, believes there are many reasons behind the delayed relief and larger businesses being favored by PPP. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\u201cYou\u2019re basically talking about the volume of loan requests coming into the SBA being a 44,000-percent increase over what they normally process,\u201d said Hancock. \u201cIt\u2019s a new program and [currently there are] loose rules. It\u2019s easy to be critical but the government was trying to help out businesses before they go under.\"&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Read more on <a href=\"https:\/\/raleighmag.com\/2020\/04\/relief-for-small-businesses\/?fbclid=IwAR1xSC_fh00OK4aUubZGw9mQWOigUBES1bPOtQDZG2bhBhABlBEYxrxgVuc\">Raleigh Magazine<\/a>. <\/p>\n<!-- \/wp:paragraph -->"},"excerpt":{"rendered":"<p>Bonnie Hancock discusses the reasoning behind delayed Paycheck Protection Program relief for small businesses.<\/p>\n","protected":false},"author":0,"featured_media":14906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-post-header","ncst_dynamicHeaderData":"{\"showAuthor\":true,\"showDate\":true,\"showFeaturedVideo\":false,\"caption\":\"\",\"displayCategoryID\":386}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[105],"tags":[280],"_ncst_magazine_issue":[],"series":[161],"class_list":["post-14904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-hancock","series-from-the-experts"],"displayCategory":null,"acf":{"ncst_posts_meta_modified_date":null},"_links":{"self":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/14904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/comments?post=14904"}],"version-history":[{"count":1,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/14904\/revisions"}],"predecessor-version":[{"id":15714,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/14904\/revisions\/15714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media\/14906"}],"wp:attachment":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media?parent=14904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/categories?post=14904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/tags?post=14904"},{"taxonomy":"_ncst_magazine_issue","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/_ncst_magazine_issue?post=14904"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/series?post=14904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}