Paycheck Protection Program

Report Says SBA Erred In Providing PPP Loan Guidance
Report Says SBA Erred In Providing PPP Loan Guidance
May 08, 2020  |  Loans

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...

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PPP Program Still Has $125B Left
PPP Program Still Has $125B Left
May 08, 2020  |  Loans

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...

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For SMBs, What Comes Next After The (Terrible) Unemployment Report?
For SMBs, What Comes Next After The (Terrible) Unemployment Report?
May 08, 2020  |  Economy

The number we’ll remember — 14.7 percent, the headline number for April U.S. unemployment — is the one we hope is a peak. But there are...

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Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
Why SMBs Are Suddenly Reluctant To Apply For The SBA’s PPP Loan Program
May 08, 2020  |  Loans

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...

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Footwear Company Allbirds Latest To Return PPP Loan
Footwear Company Allbirds Latest To Return PPP Loan
May 08, 2020  |  Loans

Allbirds, the New Zealand-American footwear company, will return its Paycheck Protection Program (PPP) loan. In an interview on CNBC’s “Squawk Box” on Friday (May 8), Co-Founder...

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Saving Main Street: Advocacy Groups Propose New Government Relief Programs
Saving Main Street: Advocacy Groups Propose New Government Relief Programs
May 08, 2020  |  Retail

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Government program subsidies and loans have been snapped up by...

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Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck
May 08, 2020  |  Gig Economy

Businesses and consumers still see the new coronavirus’s reverberating effects upon their finances and lives. Gig workers have been particularly affected by the pandemic, as...

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How Square’s Results Spotlight Main Street SMBs’ Resilience — And (Cash) Challenges
How Square’s Results Spotlight Main Street SMBs’ Resilience — And (Cash) Challenges
May 07, 2020  |  SMBs

Earnings season provides a wealth of data — of numbers and acronyms, a snapshot of balance sheet strengths or weaknesses. And often, drilling down into...

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Treasury Extends Deadline To Return PPP Loans To May 14
Treasury Extends Deadline To Return PPP Loans To May 14
May 07, 2020  |  Loans

One week. That’s how much time Paycheck Protection Program (PPP) loan recipients have to return their loan if they can’t meet the updated rules from...

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