Small Business Administration Bureaucracy & Bankruptcy

In this episode: On this week's podcast, the team digs into the latest investigative story on how one Small Business Administration (SBA) pandemic loan program has left many companies with few options to grow their businesses in a post-COVID environment. Nosh managing editor Monica Watrous and senior reporter Brad Avery sit down with their colleague reporter Adrianne DeLuca to talk about her detailed story on the SBA's Economic Injury Disaster Loans (EIDL) and why it is causing a host of bureaucratic obstacles for CPG businesses. Show Highlights: 0:30 - Snacks in space? Monica finds out what Brad would choose as his favorite astronaut food. 1:45 -  Adrianne walks the team through the two most common loan programs offered by the Small Business Administration — Economic Injury Disaster Loans (EIDL) and the Paycheck Protection Program (PPP) — and how each had a different structure of what was expected from the loanees. 5:20 - The complexities of what has developed since the early days of COVID has led to a bureaucratic nightmare for many small businesses who took the EIDLs. 11:30 - Is there a way out from under these loans? Adrianne lays out how there isn't an easy solution to this complex issue and what the SBA is saying to help resolve the issue.  About the CPG Week CPG Week is the podcast that explores the latest happenings in the consumer packaged goods industry. Join our seasoned reporting team as they dish out the week's stories in quick, easy-to-digest episodes. Catch up on the top headlines of the week, dive into exclusive insights with the BevNET and Nosh teams, and set yourself up to make more informed business decisions. Tune in to stay up-to-date on the latest developments in the dynamic world of packaged food and beverage. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts