Small Businesses Want Help During the Pandemic — So Why Aren’t They Asking for It?
Many business owners are missing out on these pandemic benefits.
Wyoming
- Number of PPP loans approved through August 8: 13,586
- Average PPP loan size: $77,491
- FEMA enhanced benefit amount available: $300
- When FEMA enhanced benefits will start: To be determined
- PUA weekly benefit available: $36 - $508
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Methodology: Through a survey distributed to 1,226 Americans, Solvable, in partnership with GOBankingRates, found that 28% of small business owners, 28% of full-time workers that were laid off or furloughed due to COVID-19 and 46% of freelance/self-employed workers have not applied for any government financial assistance in response to COVID-19. GOBankingRates sought to take a closer look at the availability of different forms of government aid offered in each state. Specifically, GOBankingRates looked closely at (1) the Paycheck Protection Program loans designed to aid small business owners in each state, (2) the FEMA enhanced benefit approved for those collecting regular unemployment in each state as of Sept. 2 and (3) the method that freelancers, gig workers and other nontraditional employees can take to apply for unemployment benefits through the Pandemic Unemployment Assistance program. Information on PPP loans was sourced from the Small Business Administration's report on Aug. 8, after the program closed its applications. Information on the current status of the FEMA enhanced benefit amount approved and expected distribution start date in each state was sourced from Forbes. Information on how to apply for PUA coverage by state was sourced from Money. All information was gathered on and up to date as of Sept. 2, 2020.
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