The Paycheck Protection Program is still not running smoothly and Jonathan Brooks, president and COO at Business Warrior Corporation, is tired of it.
“I'm telling you right now that literally it is lifeblood for some people,” he said. “God dammit, this is our life. And I personally have spent 60-plus hours trying to get my PPP loan for Business Warrior, and I'm still stuck, it hasn't moved forward.”
Business Warrior is a software company based in Phoenix that helps clients get more customers, and Brooks is one of thousands of PPP applicants across the country confronting hold-ups in the emergency lending program.
The Small Business Administration has approved 1.9 million PPP loans in this round of funding worth $140 billion nationally as of Feb. 21. In Arizona, 23,000 businesses have been approved for $1.8 billion of loans, but the system has been mired in delays.
Read more from the Phoenix Business Journal.