In April, a month after the pandemic hit the United States, Cliff Hodges was one of millions of small business owners teetering on the brink. Hodges, who ran a small outdoor wilderness club in Santa Cruz, California, a beach town 75 miles south of San Francisco, applied for a Paycheck Protection Program (PPP) loan to keep his business afloat — but he was denied, by three different banks, because they ran out of funds.
Read more: https://www.salon.com/2020/12/10/small-businesses-struggling-pandemic-ppp-loans-cares-act-holidays/?source=Snapzu
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