An industry trade group said it’s highly likely that many restaurants will return loans from the U.S. Small Business Association’s (SBA) bailout program, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury Secretary Steven Mnuchin said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
U.S. Treasury Secretary Steven Mnuchin said he never “in a million years” expected that the Los Angeles Lakers would take a multi-million-dollar federal loan intended to help small businesses stay afloat amid the COVID-19 pandemic. Get the Full Story Complete the form to unlock this...
The second round of Paycheck Protection Program (PPP) funding was an instant replay of the first, as the loan network collapsed from the tsunami of applications from small businesses desperate for relief. Get the Full Story Complete the form to unlock this article and enjoy...
As the U.S. Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned $4.6 million to the fund, the team said on Monday April (27), according to the Los Angeles Times. Get the...
U.S. Senator Amy Klobuchar (D-Minnesota) and 21 of her Senate colleagues are urging the U.S. Treasury and the Small Business Administration (SBA) to make sure the latest round of Paycheck Protection Program (PPP) funds reach the small businesses that need it. Get the Full Story...
It didn’t take long for the Small Business Administration (SBA) to become overwhelmed by a deluge of applicants for the latest round of Paycheck Protection Program (PPP) money. Less than five minutes after the much-hyped launch of PPP II scheduled for 10:30 a.m. on Monday...
The latest round of checks under the massive U.S. stimulus program is set to go out in the next few days. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
