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

Mnuchin Wants To Fix Restaurants’ PPP Woes

Mnuchin Wants To Fix Restaurants’ PPP Woes
Mnuchin Wants To Fix Restaurants’ PPP Woes
May 11, 2020  |  Loans

Treasury Secretary Steven Mnuchin said he wants to tweak the rules of the Paycheck Protection Program (PPP) to accommodate restaurants stuck between a rock and...

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Today In Payments: Mastercard Expands Commitment To Connect 1B People; Digital Car Buying Platform Vroom To Test June IPO
Today In Payments: Mastercard Expands Commitment To Connect 1B People; Digital Car Buying Platform Vroom...
May 11, 2020  |  News

In today’s top news, Mastercard vows to connect 1 billion people to the digital economy by 2025, and Vroom is looking at filing an initial...

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Deadline Looms For Five Firms To Return PPP Loans
Deadline Looms For Five Firms To Return PPP Loans
May 11, 2020  |  Loans

Five publicly traded companies have until midnight on Monday (May 11) to return their Payroll Protection Program (PPP) loans or explain why they should be...

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Mnuchin Predicts Economic Pickup, Urges Caution On Greater Stimulus
Mnuchin Predicts Economic Pickup, Urges Caution On Greater Stimulus
May 11, 2020  |  Economy

In an interview, U.S. Treasury Secretary Steven Mnuchin predicted that the economy would be improving “as we go into the summer and we reopen the...

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The New Reality For Main Street, Freelancers Amid The Coronavirus
The New Reality For Main Street, Freelancers Amid The Coronavirus
May 11, 2020  |  Today In Data

The post-pandemic reality is setting in for Main Street retail even though the crisis is hardly over, while Paycheck Protection Program (PPP) loan guidance issued in late April marked...

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Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
May 11, 2020  |  Loans

The conventional wisdom may be that larger firms — especially public ones — are able to weather the economic storm more adroitly than smaller brethren....

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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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Today In Payments: Samsung Pay Launches Debit Card; Apple Introduces New eCommerce Portal
Today In Payments: Samsung Pay Launches Debit Card; Apple Introduces New eCommerce Portal
May 08, 2020  |  News

In today’s top news, Samsung Pay is launching a debit card and a money management tool, and Apple has introduced a new ecommerce portal. Plus,...

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