PPP

The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs.

Source: en.wikipedia.org

DOJ: Texas Man Allegedly Claimed Employees To Net $5M In PPP Funds

DOJ: Texas Man Allegedly Claimed Employees To Net $5M In PPP Funds
DOJ: Texas Man Allegedly Claimed Employees To Net $5M In PPP Funds
May 19, 2020  |  Cybersecurity

A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA)...

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Warren, Mnuchin Clash Over PPP
Warren, Mnuchin Clash Over PPP
May 19, 2020  |  Loans

In the most contentious moments of the Senate Banking Committee’s inquiry into the $2 trillion CARES Act on Tuesday (May 19), Sen. Elizabeth Warren clashed...

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Amid Pandemic, SMBs Eye Receivables Financing
Amid Pandemic, SMBs Eye Receivables Financing
May 19, 2020  |  B2B Payments

The cash crunch facing small to mid-sized businesses has sent some firms scrambling for loans, and for alternate forms of financing to help keep them...

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Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
May 19, 2020  |  Loans

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify remotely before the Senate on Tuesday (May 19) regarding the disbursement of coronavirus...

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Restaurant Execs Ask Trump For PPP Modifications
Restaurant Execs Ask Trump For PPP Modifications
May 19, 2020  |  Loans

At a roundtable event with restaurant executives on Monday (May 18), several executives put forward a request to President Donald Trump and cabinet officials to...

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Today In Payments: Grubhub Says No Deal, But Negotiations Continue; SoftBank Posts $18B Loss As Jack Ma Exits Board
Today In Payments: Grubhub Says No Deal, But Negotiations Continue; SoftBank Posts $18B Loss As...
May 18, 2020  |  News

In today’s top news, Grubhub says “no deal” to Uber, but negotiations continue. Meanwhile, SoftBank posts $18 billion in losses after Jack Ma resigns, and...

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Enlisting AI And Biometrics In The Fight Against Digital Identity Theft
Enlisting AI And Biometrics In The Fight Against Digital Identity Theft
May 18, 2020  |  Authentication

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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SMBs Could Get More Flexibility To Use PPP Loans 
SMBs Could Get More Flexibility To Use PPP Loans 
May 17, 2020  |  Loans

The rules surrounding small business loans from the Paycheck Protection Program (PPP) are being overhauled as demand cools and small and medium-sized business (SMBs) owners...

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