SBA

SBA, Treasury Fail To Release PPP Loan Data

SBA, Treasury Fail To Release PPP Loan Data
SBA, Treasury Fail To Release PPP Loan Data
July 06, 2020  |  Loans

The Treasury Department and Small Business Administration (SBA) don’t seem likely to release the data this week on Paycheck Protection Program (PPP) loans as they’d...

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GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
June 25, 2020  |  Economy

Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S....

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Treasury To Release SMB Data On PPP Loans
Treasury To Release SMB Data On PPP Loans
June 22, 2020  |  Loans

In a 180-degree turn, the Trump administration now says it will release the names of Paycheck Protection Program (PPP) recipients and the amount of taxpayer-funded...

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Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
June 10, 2020  |  Economy

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...

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Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
May 29, 2020  |  The Weekender

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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SBA Data Shows $20B+ Of PPP Loans Have Been Canceled
SBA Data Shows $20B+ Of PPP Loans Have Been Canceled
May 29, 2020  |  Loans

A minimum of $20 billion in Paycheck Protection Program (PPP) loans have been canceled — many by small businesses afraid they can’t spend the money...

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Report: SEC Probing Public Firms That Received PPP Funds
Report: SEC Probing Public Firms That Received PPP Funds
May 28, 2020  |  Loans

The U.S. Securities and Exchange Commission (SEC) has launched an investigation into publicly traded companies that received COVID-19 stimulus funds, Bloomberg News reported. Get the...

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House Eases Rules On PPP Loans
House Eases Rules On PPP Loans
May 28, 2020  |  Loans

A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House,...

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