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

Public Businesses Reap PPP Relief Of $300M 

Public Businesses Reap PPP Relief Of $300M 
Public Businesses Reap PPP Relief Of $300M 
April 21, 2020  |  Loans

Small businesses struggling to stay afloat were supposed to reap the most benefits from the federal Paycheck Protection Program (PPP). Instead, millions went to public...

READ MORE >
Restaurants Seek More Aid As April Losses Could Top $50B
Restaurants Seek More Aid As April Losses Could Top $50B
April 20, 2020  |  Economy

With U.S. restaurants facing prospects of losing an estimated $240 billion by year’s end, the industry has asked Congress for more financial aid as the...

READ MORE >
Small Businesses Question Handling Of US Stimulus Loans
Small Businesses Question Handling Of US Stimulus Loans
April 20, 2020  |  Loans

As Congress was poised on Monday (April 20) to replenish funds for its small business loan program, complaints persist about how previous funds were doled...

READ MORE >
Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal & Regulation

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

READ MORE >
Shake Shack Decides To Give Back $10M PPP Loan
Shake Shack Decides To Give Back $10M PPP Loan
April 20, 2020  |  Loans

Shake Shack founder Danny Meyer and chief executive officer (CEO) Randy Garutti said on Monday (April 20) that they are returning the $10 million Paycheck...

READ MORE >
Mnuchin: Deal On New PPP Funding Near
Mnuchin: Deal On New PPP Funding Near
April 19, 2020  |  Economy

Treasury Secretary Steven Mnuchin, along with Democratic leaders, said they are close to closing a deal that would lend more money to small businesses struggling...

READ MORE >
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
April 19, 2020  |  Loans

Tom Donohue, CEO of the U.S. Chamber of Commerce, is urging Congress to finish up a plan for the next round of stimulus spending by...

READ MORE >
Big Restaurant Chains Feast On Millions From PPP Program
Big Restaurant Chains Feast On Millions From PPP Program
April 19, 2020  |  Loans

The hospitality group behind Ruth’s Chris Steak House — operator or franchiser of 159 restaurants — showed a profit of $42 million on $468 million...

READ MORE >