[CNBC Television] We’re getting close to hitting cap on PPP loans: Senator Marco Rubio

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Senator Marco Rubio (R-Fla.) joins ’Squawk Box’ to discuss how the paycheck protection program is working in the nation. Billionaire entrepreneur Mark Cuban said Monday that the recently launched small business loan program has been beset by challenges that could impact the long-term outlook for companies. “Banks are playing themselves. They’re being banks and they’re trying to determine if the credits are good and that’s leading to a lot of small businesses that are left out in the cold,” Cuban said on “Squawk Box.” “We are at an inflection point” to get money into the system for businesses of all sizes, he said. Cuban, owner of the NBA’s Dallas Mavericks, said the companies he’s invested in as part of “Shark Tank” have faced challenges in applying for the loans. Cuban said some banks have questioned a company’s gross margin and was therefore uncertain about making the loan. “I’ve tried to call the banks and say, ‘No, that’s not the point behind the [Paycheck Protection Program] loan.’ This is not about that. This is a guarantee by the government and this is supposed to turn into a grant if you retain all your employees,” Cuban said. Cuban said banks have “implemented all these hurdles” that were not supposed to be a part of the program, which was established by the government’s $2 trillion coronavirus relief package that was passed in late March. “Until we get through that friction, there’s going to be a lot of issues and there’s going to be a lot of people laid off and a lot of companies that go out of business,” he added. While there was initially $350 billion set aside for the small business loan program, Treasury Secretary Steven Mnuchin has said the government will supply more funding, if necessary. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV