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Capitol Report: Small-business owners could face jail time as DOJ launches investigation into coronavirus loan program
The Justice Department has opened an investigation into companies that applied for loans under the Paycheck Protection Program, and businesses that provided misleading information could face jail sentences, experts say......»»
Capitol Report: Big banks blocked just for tonight from loan program for small businesses
Smaller lenders on Wednesday evening were getting special access to a key loan program for small businesses hurt by the coronavirus crisis, in a development that big banks quickly criticized......»»
Capitol Report: Emergency loans for small businesses ‘flowed to areas less hard hit’ by coronavirus, study finds
A new loan program for small businesses hurt by the coronavirus crisis is especially helping parts of the country not suffering as much from the pandemic, according to a National Bureau of Economic Research paper released this week......»»
SBA program reopens with new glitches and new scrutiny after NBA franchise returns loan funds
Small businesses are preparing for a second round of federally backed coronavirus loan funding. An earlier batch of funds ran out in just two weeks......»»
Trendy salad chain Sweetgreen returns $10 million loan meant to help small businesses survive the coronavirus pandemic
Hollis Johnson Sweetgreen announced on Wednesday that it had returned a $10 million paycheck protection program loan aimed to support small b.....»»
Small business advocates fear many will be left out of new PPP funding
Some business groups say the loan program is heavily tilted toward larger businesses......»»
Capitol Report: Trump says in tweet that he’ll sign deal on more coronavirus aid for small businesses, as Senate set to reconvene
President Donald Trump said Tuesday he’ll sign a deal that would replenish a loan program for small businesses devastated by the coronavirus crisis, after Senate Minority Leader Chuck Schumer said Democrats and Republicans had struck a deal......»»
Schumer says deal reached on more aid for small businesses
Senate Minority Leader Chuck Schumer on Tuesday said Democrats and Republicans had achieved a deal that would replenish the Paycheck Protection Program, a loan program for small businesses devastated by the coronavirus crisis. The New York Democrat .....»»
Capitol Report: Trump says he hopes to have Senate vote Tuesday on more coronavirus aid for small businesses
President Donald Trump said Monday night he’s hopeful for a Senate vote Tuesday on a deal that would replenish a loan program for small businesses devastated by the coronavirus, as he cited “tremendous progress†in negotiations......»»
U.S. loan program hits $350 billion cap leaving thousands of small businesses adrift
A $350 billion emergency U.S. loan program to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of funds, the U.S. Small Business Administration said on Thursday......»»
U.S. small-business rescue loan program hits $350 billion cap, says government
A $350 billion emergency U.S. loan program designed to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of funds, the U.S. Small Business Administration said in an email on Thursday......»»
Mark Cuban Says Small Businesses Are Being Left "Out In The Cold"
“Shark Tank†investor and Dallas Mavericks owner Mark Cuban has criticized banks for undermining the just launched small business loan program through their practices. read more.....»»
Federal Reserve offers $600B to small and midsize business — here"s how it works
The Federal Reserve will launch a $600 billion low-interest loan program designed to fill in the cracks in the Small Business Administration's Paycheck Protection Program. The Main Street Lending Program is available to businesses with fewer than 1.....»»
Federal Reserve offers $600B to small and mid-sized business; here’s how it works
The Federal Reserve will launch a $600 billion low-interest loan program designed to fill in the cracks in the Paycheck Protection Program. The Main Street Lending Program is available to businesses with fewer than 10,000 employees and revenue of .....»»
Many small businesses are being shut out of a new loan program by major banks
The California National Guard flew coronavirus hospitalizations, the governor's office said. “We couldn’t be more proud as a state to be sending those ventilators back East," Gov. Gavin Newsom... To view the full story, click the title link......»»
Loan program a mess for small businesses riding out coronavirus
The $400 billion is just not enough. Some banks are already tapped out, and smaller businesses must compete with larger ones for the same pot of cash......»»
Loan program a mess for small businesses riding out coronavirus
The $400 billion is just not enough. Some banks are already tapped out, and smaller businesses must compete with larger ones for the same pot of cash......»»
Small businesses struggle to secure coronavirus relief amid glitchy loan rollout
The process of attempting to get an emergency loan through the administration's Paycheck Protection Program has been a stressful mess......»»
Mecklenburg County considers $5M loan pool to aid small businesses hit by COVID-19 crisis
Mecklenburg County commissioners will consider a $5 million loan pool Tuesday night to help small businesses reeling from the coronavirus pandemic. An outline of the proposal included in the commissioners board’s agenda describes a program that .....»»
There"s a lot of anxiety as small businesses worry the loan money will run out
Small business owners are nervous that funds in the $349 billion Paycheck Protection Program will run out before they can get a loan for coronavirus relief......»»