i spent yesterday looking at different things on the sba website. this is my only source of income. i have two employees. should i be dealing with the state or federal government in getting any kind of assistance? guest: right now it is important that the federal government steps up. state budgets are going to have a difficult time now. does, they will see a drop in sales tax revenue. need for theirhe medicaid dollars stretched. we have to rely on the federal government to step in. i think what the federal government is doing that should be the higher standard we should be following. i think we will see exactly how that will roll out and the advice small businesses will be getting as to how to get that money. those details have not been ironed out yet. wait and see them follow the path of that legislation. it really looks like this is going to go through. there should be help for small business owners and also to stay afloat. host: let's talk to steve calling from ohio. what do you think about paid sick leave? my question is what about folks that are strictly on social security only

by the way i went on the sba website earlier today and it is very clear. the homepage directs you to a very simple form that you have to fill out. i should say it is very simple compared, for example for filing for taxes and they say it takes two hours. it goes through a lot of documentation perhaps. i didn't get all the way through the thing because i'm not applying for a loan but i have to say i was very impressed that it was front and center. it looked very straightforward but i think you're right, melissa, it is a great service you can do on this show and everyone can do to tell people if you're, i mean i have friend, little companies of one sort another, get started because you know it will not happen overnight. as much as the administration is cutting red tape trying to make this happen, it will take a while. oh, boy, is this important for the nation's psyche and employment and everything else at this point. melissa: yeah, there are a million small businesses around me i know are going to have a ton of customers when everything comes back online. the

i spent yesterday looking at different things on the sba website. this is my only source of income. have two employees. should i be dealing with the state or federal government in getting any kind of assistance? guest: right now it is important that the federal government steps up. state budgets are going to have a difficult time now. does, they will see a drop in sales tax revenue. need for theirhe medicaid dollars stretched. we have to rely on the federal government to step in. i think what the federal government is doing that should be the higher standard we should be following. i think we will see exactly how that will roll out and the advice small businesses will be getting as to how to get that money. those details have not been ironed out yet. wait and see them follow the path of that legislation. it really looks like this is going to go through. there should be help for small business owners and also to stay afloat. host: let's talk to steve calling from ohio. what do you think about paid sick leave? my question is what about folks that are strictly on social security only?

sba will have it on their website -- and i am not with sba -- their team is doing an excellent job.y are correlating with all of banks to make sure there is communication between our borrowers and the banks. i think they are doing an excellent job. there sba.gov, they will be giving more information about banks in different areas of the country. francine: do you see many businesses going under? given the extent of some of the schemes, you think this is possible? linda: i wish i had a crystal ball. there'll be some businesses that will go under. this is a very tough time. the hope is, that with congress acting to bring the act and this money that will be available, about $377 billion to small businesses. the hope is it will keep them afloat while they pay their employees. it is important to take care of our workers. this is nobodies fault. they will keep their employees on to pay the benefits. that will be a boon to small businesses. tom: american first action, what a great question for you that comes from over the weekend. what should be the next action for this president? here's a

sba loan?er small business administration you can fill out the documents linked. website and mail them in to the sba. applicants can submit forms in at an sba disaster center who qualifies for business loans. businesses in any u.s. state that have fewer than 500 payoyees and unable to their bills because of the coronavirus pandemic. how long will the loan process take? after you submit an application review your credit to verify your losses. sba the goal is to arrive at a decision within two to three weeks. how much can i get through the loan? small business, small oricultural cooperative private nonprofit organizations can borrow up to $2 million for injury. what will the interest rate be? businesses, 3.75% for non-profits, 2.75%. the "washington post," you can go more what you need to federal disaster relief business loan. you can find it online on post.com. independent rginia, independent. theer: i believe across board, i believe the president and his team are doing really good job. congress, you have to give little to get little. iuple of things that really do not agr

and also the fact that if you go to the city website, sjeconomy.com, you can get information on small business loans there, that will be administered by the sba at the federal level. go to sjeconomy.com if you're a small business owner. they brought up the point with the passage of this economic relief passage by congress that employees now will get extra unemployment benefits. if you live here in california, in addition to your regular unemployment benefits in the state, you would be getting an extra 13 weeks of unemployment plus $600 a week on top of that for four months. reporting live, bob redell, nbc bay area. >> bob, thank you. >>> prime minister boris johnson tests positive for coronavirus. in a video message posted on twitter the 55-year-old leader said he was tested for covid-19 after showing mild symptoms involving a temperature and persistent cough. >> i am watching from home. i'm self-isolating. and that's entirely the right thing to do. but i can continue thanks to the wizardry of modern technology to communicate with all my top team to lead the national fight against coronavirus. i want to thank everybody who is involved. >> joh

website, you can find more information. i can tell you really briefly that the new sba program that is created, it is fairly streamlined. we have a lot of confidence that sba, they get it. they know they need to execute with a huge mandate from congress and a huge need for the restaurant industry. they've got a big job ahead of them they have been staffing update we have been talkinp. we want to make sure that transition as they start implementing the loans and getting the doo money out the door happens as quickly as possible. host: this headline from marketwatch. the national restaurant association forecasting at $225 billion loss in revenue, up to 7 million jobs as a result of coronavirus. we are spinning the hour focusing on restaurants and the food supply in the country. after this is over, there's a concern we could be back in the fall with another wave of the coronavirus. how do you prepare for that? sean: great question. right now, we are just focusing on this phase. a lot of restaurants are beginning to look at things from a cash flow perspective and say if we can reopen and we are at 80% capacity, 70% capacity,