While some of the more than 200 publicly traded companies that received funds from the Paycheck Protection Program (PPP) agreed to return the millions of dollars they received after backlash, many are keeping the money, asserting that it will be used for paying furloughed employees,...
Banks in the U.S. are taking a cautious approach when it comes to extending loans to businesses in Europe, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Representatives from Colorado and Oregon, states known for liberal cannabis laws, want the cannabis industry to be included in future Paycheck Protection Program (PPP) legislation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Banks are sounding the alarm that the upcoming funding round for the federal Paycheck Protection Program (PPP) is likely already tapped. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Treasury Department issued new guidance on Thursday (April 23) directing publicly traded companies to return Paycheck Protection Program (PPP) loans by May 7 if they can’t prove they were eligible for a loan. Get the Full Story Complete the form to unlock this article...
The rollout of the Paycheck Protection Program (PPP) aimed at small- to medium-sized businesses (SMBs) has, by any account, been a wild ride to date. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The House of Representatives on Thursday (April 23) passed a $484 billion bill for more financial aid for small- to medium-sized businesses (SMBs) and others amid the coronavirus pandemic, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article...
Some small businesses that received forgivable loans under the Paycheck Protection Program (PPP) say they won’t be able to rehire every employee laid off during the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The biggest benefactor of the Paycheck Protection Program (PPP) is a Dallas, Texas-based hotelier named Monty Bennett, who has received $59 million from the program intended to help small or medium-sized businesses with the economic crisis. Get the Full Story Complete the form to unlock...
