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

JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline

JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
April 17, 2020  |  Loans

JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association...

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SBA Says It Has Approved 1.6M PPP Loans
SBA Says It Has Approved 1.6M PPP Loans
April 17, 2020  |  Loans

The U.S. Small Business Administration (SBA) says that nearly 5,000 lenders have approved 1.6 million loans totaling $342.2 billion under the agency’s Paycheck Protection Program. Get...

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FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error
FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error
April 17, 2020  |  Legal & Regulation

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP)....

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The Fed Communicates Rule Change For The SBA’s PPP
The Fed Communicates Rule Change For The SBA’s PPP
April 17, 2020  |  Economy

To enhance the effectiveness of the Paycheck Protection Program (PPP) of the Small Business Administration (SBA), the Federal Reserve Board announced a rule change. The...

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PPP, Cross-Border AP, Stimulus Funds Top This Week’s News
PPP, Cross-Border AP, Stimulus Funds Top This Week’s News
April 17, 2020  |  News

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Schumer: New COVID-19 Stimulus Could Come ‘Soon’
Schumer: New COVID-19 Stimulus Could Come ‘Soon’
April 17, 2020  |  Economy

Sen. Charles Schumer (D-New York) says Democrats and the White House could “soon” agree on a new COVID-19 stimulus package, presumably including more loans for small...

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Keeping SMBs Afloat During The Coronavirus Crisis
Keeping SMBs Afloat During The Coronavirus Crisis
April 17, 2020  |  Today In Data

Lawmakers and business leaders had high hopes for the Paycheck Protection Program (PPP): They thought it would provide the funds required for small to medium-sized businesses...

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What’s Next For Small Businesses Amid The SBA PPP Loan Saga?
What’s Next For Small Businesses Amid The SBA PPP Loan Saga?
April 17, 2020  |  SMBs

On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic. Get...

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