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Small business owners are concerned that a federal loan program, the Economic Injury Disaster Loan, is providing too little money – too late. The delay, and the diminished funding, are leaving some business owners with questions, concerns and a fear that they’ll have to shut their doors.One of those businesses is GoPegasus, a transportation company based in Orlando, Florida. It’s been months since any of its dozens of buses have even moved, even though business should be booming right now.“There are days that it's really tough to wake up in the morning, I'm gonna tell you I... But you have to do it like us, 26 years. It's a life,” said Claudia Menezes, the vice president of GoPegasus said.And even though their business has stopped - Menezes said they’ve seen more than million in cancellations so far - their bills haven’t. Things like employees, bus maintenance and insurance all still have to be paid. Which is why Menezes said GoPegasus applied for an EIDL loan in the first place. In the 26 years GoPegasus has been in business, Menezes said they have received two such loans before, one immediately following September 11, 2001, and another after Hurricane Irma.The EIDL is a low-interest loan, separate from the Paycheck Protection Program, that the federal Small Business Administration awards after a disaster. EIDL funds can be paid back to the government over decades.The coronavirus pandemic means any business owner with 500 employees or fewer can apply for one of these loans.Menezes said that when they applied for a loan in March, the maximum cap was million, and the company was approved for a 0,000 loan, but before they got the money, the loan program was capped.In May, the SBA capped all EIDL loans at 0,000. An SBA representative said that decision was made “in order to help as many small businesses and nonprofit organizations as possible. However, most applicants will not be affected by the limit because loan amounts are calculated based on economic injury and 6-monts of actual working capital needs. As of June 29, 2020, the average EIDL loan for COVID-19 is well under the limit at approximately ,000.”Menezes said with the smaller loan, she doesn’t know if GoPegasus will be able to stay in business. She’s appealed the loan amount and said she’s called, written letters and reached out to her federal representatives but has no information on the status and is just waiting.“It’s almost impossible to plan and that's our situation at this point, so what are we gonna do? We're really running out of resources,” said Menezes.Kelly West and her family have a similar story. This is the first time her family’s company, Skydive Greene County, applied for a federal EIDL loan and she described the experience as “horrific.”“I might sound a little dramatic, but it's been an emotional roller coaster,” said West.She’s the operations manager for the company and said she originally filed a loan application in March. She said she needed to fix an error on that original application, but after she did, the nearly 60-year-old family business’ loan was only partially funded. She said she’s appealed, written to federal representatives and even got a senator involved but now she’s waiting – with no idea if or when she’ll learn moreTalking about small business owners and the importance of funding EIDL loans, West said that, “these are people, not just their income, but these are our dreams, our hopes, our dreams, our life’s work.”Menezes and West are not alone. In a July 1 meeting of the U.S. House of Representatives’ Small Business Committee, representatives from both sides of the aisle shared similar small business stories from each of their districts with James Rivera, an Associate Administrator for the Office of Disaster Assistance in the U.S. Small Business Administration. Most of the stories told by the representatives had similar themes – not enough money and not enough information.In reference to the 0,000 cap, Rep. Pete Stauber, (R-MN) told Rivera that “it seems that the SBA has taken some liberties to reduce the cap of loans given out from million to 0,000. While this is likely to ensure that the maximum number of businesses receive some sort of funding during this crisis, my constituents are rightfully upset. They feel like they are being cheated out of what they were promised by our government.”Rep. Angie Craig (D-MN) talked about the lack of information and customer service her constituents received from the SBA in the loan process, and told Rivera, “I have a lot of businesses in my district where if this was the level of customer service that they provided they would be out of business three months ago.”The SBA points to what they have done. Rivera told representatives that some wait times have been longer but the average time to get a loan filled is 41 days. While some representatives questioned how long that time frame was, Rivera said loans that are applied for now – after a new application portal was rolled out in June – have an even shorter turnaround time.A representative of the SBA said in an email that, “following the passage of the CARES Act, SBA created and implemented an entirely new online EIDL application portal and distribution system…This system has now handled more than eight million applications, allowing the SBA to distribute funds to those small businesses in less than two days.”Rivera also said in Congress that there’s a huge demand for funds – bigger than ever before, and that the SBA has awarded 6.8 million business about 7 billion, and still has about 0 billion left to award.Both Menezes and West said that if they knew back in March what they would have to go through – and are still going through -- they likely would have tried to get loan help elsewhere.“It's a one thing to have a yes or no answer and to know right away. So we could have made alternative plans to get different financing if we needed it,” said West. “But then when you're promised something and then it doesn't come through, and then you're promised by somebody else and it doesn't come with them, now what is three or four different times. You feel like you’re just beat up.”Menezes echoed that sentiment, and also said after 26 years in business, she doesn’t know if her company will make it through this one.“It is like it makes the situation even worse because you don't know what you do, what you can do, what to do. We’re in the mercy of something - a miracle to happen,” said Menezes. 6518

Sixteen Idaho residents have been indicted on charges stemming from two federal investigations –- one, involving the large-scale manufacturing and sale of counterfeit cell phones, and the other, a cocaine, heroin and methamphetamine ring, according to a Thursday morning announcement by the U.S. Attorney’s Office.On Wednesday, federal agents and municipal police raided 12 homes, one warehouse, one business and a church in relation to the counterfeit phone investigation.At a press conference in Boise, U.S. Attorney Bart Davis said the fake phones involved the multi-million-dollar counterfeit scheme were manufactured in Hong Kong, then repackaged and distributed from the Boise area. Investigators said the phones were sold on Amazon and eBay.“This was the four-year investigation,” Davis stated. Agents from the U.S. Attorney’s Office, the Federal Bureau of Investigation, the Drug Enforcement Administration, the Department of Homeland Security, the Internal Revenue Service, the U.S. Postal Inspector’s Service Office, as well as officers from the Boise Police and Meridian Police Departments served search warrants on the properties Wednesday, packing out boxes presumably containing evidence. The U.S. Attorney’s Office says anyone who believes they may be a victim may visit the Department of Justice’s large case website for more information: www.justice.gov/largecases. One business is located on Bridger Street, near the intersection of Cloverdale Road and Chinden Blvd., the Eagle homes are on Pasa Tiempo Way, and the Meridian home authorities raided is on West Spruce Creek Drive.Neighbors tell us the residents of the two Eagle homes that were searched have lived in the neighborhood some twelve years, and have “kept pretty much to themselves.” According to the Ada County Assessor’s Office, the two homes are owned by Gennady and Pavel Babichenko, known by neighbors as “Henry” and “Paul.”According to federal court documents, those arrested in the counterfeit phone scheme now face over 30 federal charges.Pavel Babichenko (aka Paul Babichenko)Charged with: 2111

Special counsel Robert Mueller's investigators met with members of President Donald Trump's legal team on the same day that the FBI was launching a raid targeting the President's personal attorney, according to sources familiar with the matter.The timing of the Monday raid made for an awkward meeting, which had been previously scheduled as part of preparations for a possible interview between the President and Mueller's team.Jay Sekulow, who leads the President's legal team, did not comment on the timing of the meeting."We do not discuss conversations we have had or have not had with the special counsel," he said.The raid on Cohen's home, hotel room and office brings the Mueller investigation deep inside the President's inner circle -- Cohen has worked with Trump for years and is treated as a confidant and a member of his family.A source close to the President said there have been ongoing negotiations between Mueller's team and the President's legal team for a potential interview, but the raid on the President's personal attorney has upended those discussions. CNN reported last week that members of the legal team have been informally prepping the President for a possible interview, though no decision on the matter has been made.The President's anger over the raid as well as a new assessment of what the implications of the raid could be for Cohen's most prominent client, Trump, are factors that the President's legal team has to take into account. 1477

SpaceX’s test flight of its next-generation Starship rocket was deemed a success, despite a bit of an explosive landing.As part of the launch, SpaceX attempted to perform a “flip landing” of the rocket. Although the flip landing resulted in the rocket blowing up, the finish was not unexpected.“Lot of things need to go right, so maybe 1/3 chance,” SpaceX founder Elon Musk said last month about the odds of the rocket nailing the landing.The rocket’s mission was not to leave Earth’s atmosphere, but to test several parts of the Starship rocket.“This suborbital flight is designed to test a number of objectives, from how the vehicle’s three Raptor engines perform to the overall aerodynamic entry capabilities of the vehicle (including its body flaps) to how the vehicle manages propellant transition. SN8 will also attempt to perform a landing flip maneuver, which would be a first for a vehicle of this size,” SpaceX said before the flight.SpaceX said even if not everything went correctly, there would be plenty to learn from this test to improve on future flights.“With a test such as this, success is not measured by completion of specific objectives but rather how much we can learn, which will inform and improve the probability of success in the future as SpaceX rapidly advances development of Starship,” SpaceX said.Musk deemed aspects of the launch a success.“Successful ascent, switchover to header tanks & precise flap control to landing point!” Musk tweeted.The rocket remained airborne for over six minutes, and it was slated to reach an altitude of 41,000 feet. 1591

SHELLTOWN (CNS) - A 21-year-old man broke his right femur today when he crashed his car into a median in Shelltown.It occurred at 12:30 a.m., according to Officer Robert Heims of the San Diego Police Department.The driver was speeding westbound along Division Street and crashed when he was midway through the 700 block, Heims said.He was taken to a hospital with non-life-threatening injuries.Anyone with information is encouraged to call SDPD at 619-531-2000 or Crime Stoppers at 888-580-8477. 503