Yuka Hayashi

speaker

247 appearances 9 recordings 1 series first heard Jul 2019 last heard Aug 2020

Yuka Hayashi’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Ahead of Small Business Loan Deadline, $134 Billion Remains · 30 Jun 2020 podcast

Some people say that the PPP left behind a lot of most vulnerable businesses, but others say that it really helped businesses keep workers employed and cover some of their costs of operations when they were unemployed.

Is it likely that the leftover money would still be available to small businesses?

Democrats have already proposed bills calling for that, focused on smaller businesses, businesses with 100 employees or less.

And ones that have been hit particularly hard by the pandemic to receive a second fund under this program.

Today, two senators are expected to propose new legislation that will make PPP program a little more useful and friendly for businesses.

And this bill allows all loans that are $150,000 and less to be forgiven automatically instead of banks.

and the government making a close evaluation of their forgiveness applications.

Thanks for having me.

WSJ Your Money Briefing · SBA Sued Over Rule Excluding Felons From Loan Program · 17 Jun 2020 podcast

The SBA recently made a change to its rule, and under the latest rule, it excludes people who have felony convictions that were made within the past year, also possibly affecting a lot more people.

It excludes people who are on probation and also people who are charged with criminal offense but have not been convicted.

as they wait for their day in court.

And this could affect people who are charged with relatively minor offense as well.

They have been particularly concerned about the exclusion of people with certain criminal records because they disproportionately affect business owners in underserved communities, particularly Black and Latino business owners.

Part of the rule was part of the SBA loan program that preceded the PPP but was used as a basis for PPP.

Then other restrictions were added later, and some members of Congress have complained that the law that established the PPP did not allow the SBA to impose those types of restrictions.

Yes, that's right.

They made a change to the rule shortening the exclusion period for those with past felony convictions.

And this happened on Friday last week amid concerns voiced by business advocates,

and lawmakers that that kind of rule affected disproportionately small business owners in underserved communities, including a number of people of color.

It was actually part of the administration's broader effort to give better access to their rescue funds for people in underserved communities.

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