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Mnuchin says small business loans up and running this week

About 100 Amazon&am… at a plan to go on strike at noon on Monday, alleging management has been unresponsive to safety concerns and the spread of the coronavirus at the facility. Employees are... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

Large U.S. banks to take small business loan applications next week: Mnuchin

U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so far......»»

Category: topSource: reutersApr 3rd, 2020

Treasury secretary says $349B small business loan program will begin April 3

A federal program that will provide loans to small businesses — and forgiving portions used to pay employees — will be up and running Friday, Treasury Secretary Steve Mnuchin said Thursday afternoon. Experts expect a mad scramble by borrower.....»»

Category: topSource: bizjournalsApr 2nd, 2020

Over $5B in US small business relief loans approved in first week -SBA

The loans, which convert to grants if borrowers follow guidelines, went to 60,000 businesses via 3,000 lenders.....»»

Category: topSource: foxnewsJan 20th, 2021

Small-business loan deadline poses test for Mnuchin

Treasury Secretary Steven Mnuchin has given big companies until May 18, a newly set deadline, to return their Paycheck Protection Program loans or face criminal liability. Many borrowers are reffing those demands......»»

Category: topSource: bizjournalsMay 14th, 2020

More than 40 public companies giving back PPP coronavirus relief loans as feds threaten penalties

More than 40 public companies are pledging to return money to the government’s small-business coronavirus fund now that Treasury Secretary Steven Mnuchin is threatening criminal prosecutions for violating t.....»»

Category: topSource: chicagotribuneMay 6th, 2020

Second round of PPP starts slowly as Milwaukee-area businesses still await loans

The U.S. Small Business Administration, which is running the federal relief program, began accepting new applications Monday morning for the fresh infusion of $310 billion in funds......»»

Category: topSource: bizjournalsApr 28th, 2020

Capitol Report: Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications

The Trump administration will audit small-business loans above $2 million, Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash......»»

Category: topSource: marketwatchApr 28th, 2020

The US government will do a "full review" of any company taking a small business loan over $2 million after massive corporations took advantage of the program

Associated Press As $310 billion in new funding replenishes the Paycheck Protection Program, small businesses can expect more oversight. Treasury Secretary Steven Mnuchin said Tuesday that loans over $2 million will undergo a "full review" be.....»»

Category: topSource: businessinsiderApr 28th, 2020

Here"s when you can start applying for PPP Round 2

The U.S. Small Business Administration is readying to dole out billions more in loans for businesses nationwide. The program will start taking applications again next week......»»

Category: topSource: bizjournalsApr 25th, 2020

Here"s what the SBA is doing to get ready for PPP Round 2 and when you can start applying

The U.S. Small Business Administration is readying to dole out billions more in loans for businesses nationwide. The program will start taking applications again next week......»»

Category: topSource: bizjournalsApr 24th, 2020

Here"s what the SBA is doing to get ready for PPP Round 2 and when you can start applying

The U.S. Small Business Administration is readying to dole out billions more in loans for businesses nationwide. The program will start taking applications again next week......»»

Category: topSource: bizjournalsApr 24th, 2020

The Wall Street Journal: Mnuchin, Democrats say they’re close on small-business deal

Democratic leaders and Treasury Secretary Steven Mnuchin said Sunday they were very close to striking a deal on replenishing a popular small-business aid program whose funding ran out last week......»»

Category: topSource: marketwatchApr 19th, 2020

PPP aid is drying up, now what?

Hawaii businesses have been approved for more than 8,400 loans worth a total of nearly $1.63 billion through the Small Business Administration's Paycheck Protection Program aid, which is now running dry......»»

Category: topSource: bizjournalsApr 16th, 2020

The US government is on the verge of running out of money for coronavirus small business loans

Reuters The government is approaching the $349 billion lending limit on its Pay.....»»

Category: topSource: businessinsiderApr 16th, 2020

Texas gets $50M in small business loans

AUSTIN, Texas -- Texas Gov. Greg Abbott announced $50 million in loans for small businesses Monday and said he will reveal strategies later this week related to reopening businesses in Texas amid t.....»»

Category: topSource: moneycentralApr 14th, 2020

Wells Fargo again urges small business customers to consider other banks for SBA relief loans

Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»

Category: topSource: bizjournalsApr 12th, 2020

Wells Fargo again urges small-business customers to consider other banks for SBA relief loans

Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small-business customers to consider other banks for SBA relief loans. That's easier said than done......»»

Category: topSource: bizjournalsApr 11th, 2020

Wells Fargo is again urging small-business customers to consider other banks for SBA relief loans

Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small-business customers to consider other banks for SBA relief loans. That's easier said than done......»»

Category: topSource: bizjournalsApr 11th, 2020

Wells Fargo is again urging small business customers to consider other banks for SBA relief loans

Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»

Category: topSource: bizjournalsApr 10th, 2020

Wells Fargo is again urging small business customers to consider other banks for SBA relief loans

Wells Fargo's rocky week with the SBA PPP ended with the bank still urging its small business customers to consider other banks for SBA relief loans. That's easier said than done......»»

Category: topSource: bizjournalsApr 10th, 2020