Only 20% of applicants received paycheck protection funds before it went dry

The Senate approved a bill that would replenish the fund Tuesday
Posted at 6:30 PM, Apr 21, 2020
and last updated 2020-04-21 19:37:18-04

OMAHA, Neb. (KMTV) — With funds from the federal government's Paycheck Protection Program, Laka Lono Rum Club in the Old Market brought back some full-time staff and has been able to sell cocktails to go.

Not all businesses have been so lucky.

The National Federation of Independent Businesses on Monday released survey results which showed that only one in five small businesses who applied for funds under the program received them before the fund ran dry. Three of every four small businesses applied, according to the survey.

The federal government appears close to replenishing the program. The Senate passed a bill that would give another $380 billion to small businesses, including through the Paycheck Protection Program.