Round 2 Of Small Business Loans Starts With Glitches, Doubled Demand

Round 2 Of Small Business Loans Starts With Glitches, Doubled Demand

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the $300 billion phase four stimulus bill aimed at supporting small businesses. The Small Business Administration (SBA) is focusing on preventing large corporations from receiving funds, as seen in the past with companies like Potbelly. Despite new measures, such as allocating $60 billion for smaller lenders, challenges persist. Many small businesses remain without aid, and funding is insufficient. The video highlights the emotional toll on business owners and the need for more effective distribution of funds.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of the Small Business Administration in the new phase four stimulus bill?

To prevent small businesses from receiving funds

To increase taxes on small businesses

To avoid funding large corporations

To provide funds to large corporations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money is the SBA allocating for smaller lenders in the new strategy?

$100 billion

$150 billion

$60 billion

$30 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges faced by small businesses in accessing the new funds?

Lack of interest from small businesses

Excessive funds available

Insufficient funds and unclear prioritization

Too many banks involved

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the issue with the distribution of funds in the first round of the stimulus?

There was no clear system for prioritizing applicants

Funds were distributed based on location

Funds were only given to new businesses

All businesses received equal amounts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for small business owners to receive these funds?

To expand their businesses internationally

To support their staff and maintain operations

To invest in new technology

To pay off personal debts