John Arensmeyer of the Small Business Majority joins Fox 5 On The Hill to discuss what small businesses need to stay afloat during the coronavirus pandemic. FOX NEWS - Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely have a burn rate of $50 billion per day and run out of money in just a few days.
Banks have been warning customers that are qualified for a loan that not every business will receive one, Politico reported.
Download the FOX 5 DC News App for Local Breaking News and Weather Banking representatives told the website that for the package to have any significant effect on demand, it would have to approach $1 trillion.