Democrats, evoking the country’s past with the financial turmoil of the Great Depression and the recovery with the New Deal, argue that much more financial aid could be needed for the long run of the pandemic. Get the Full Story Complete the form to unlock...
A new report says the Small Business Administration (SBA) failed to follow several congressional mandates in implementing a loan program designed to aid businesses during the COVID-19 crisis, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
President Donald Trump and Congress wasted no time refilling the Paycheck Protection Program’s (PPP) coffers after the popular loan initiative ran out of cash in 13 days. But at the close of business on Thursday (May 7), the Small Business Administration (SBA) reported that more...
The Paycheck Protection Program (PPP) is going back to court, this time over the new guidance handed out by the federal government on April 29 that was intended to inject clarity into the program but seems more likely to be on the verge of injecting a...
Allbirds, the New Zealand-American footwear company, will return its Paycheck Protection Program (PPP) loan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Without any public notice, a federal business disaster loan program has been capped at $150,000 and limited to farmers and agriculture businesses, according to The Washington Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
One week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from...
Colleges suffering from lost revenues during the pandemic may have a better chance now as clarifications to the Paycheck Protection Program’s (PPP) rules say these institutions can exclude work-study students from their final counts of employees, according to Bloomberg. Get the Full Story Complete the...
It’s a fact that it’s a lot of money, but disbursing hundreds of billions of dollars for the Payroll Protection Program (PPP) has been overly fraught since day one. Business owners remain fuzzy on basic details like how many employees they can have to qualify,...
