The idea of the PPP was simple: Loans to keep businesses afloat would be forgiven insofar as the funds were used to cover payroll, utilities, and rent. According to the SBA (the nation’s small businesses association), the U.S. has 30.2 million small businesses (those with under 501 employees). Tech start-ups that are struggling during the pandemic are experiencing confusion about who does and doesn’t qualify for stimulus funds; and on what terms. To complicate the process further, all loans are being channeled through private banks. In sum: Access to vital capital is being stymied by a ramshackle process.

As we might expect, tech startups are competing for the same general-relief resources available to all businesses. 38% have not been helped–and don’t expect to be helped–by the government’s skewed stimulus measures. 46% say that they are getting help now, and another 16% believe they will be helped soon. About 26% of tech startups claim that they are being seriously impacted by the pandemic-induced economic downturn; which means that they will be searching for other sources of capital to stay viable.