Nobody really knows. The Fed and SBA said they'd given out about $180 billion so far. It's hard to say if that's what's committed or if that's what's actually landed. I've heard independent studies that say that only 2% of the businesses that have applied have actually received the money. I actually haven't heard of any of my friends that run businesses who have actually gotten their loans yet, so we don't know the answer to that question. They were saying three days that's not happening, but it should be I think within a couple of weeks of your application being accepted, which there's no guarantee that that will happen.
- Using the COVID-19 loans to your advantage