Congress' fund to help small businesses is out of money : The Indicator from Planet Money Congress' recent aid package directed $370 billion to help small businesses. The fund is out of money, and it seems very few who applied got help.

Small Businesses On Their Own

Small Businesses On Their Own

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James Moes/James Moes
Molly Moon Neitzel, CEO of Molly Moon&#039;s Homemade Ice Cream in Seattle, Washington.
James Moes/James Moes

Congress passed the $2.2 trillion CARES Act last month. Part of the act was designed to help small businesses, by offering loans of up to $2 million, to keep their heads above water while the economic shutdown continues.

Or that was the idea, at least. It turns out that the $350 billion dollars in aid directed to small and medium-sized enterprises isn't getting to many of them. When it has arrived, it's been in much smaller amounts than advertised. And today we learned the money has run out, leaving a disturbing number of small businesses on the brink of ruin.

To learn more out Molly Moon's Homemade Ice Cream:

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