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Mnuchin says small business rescue loans launch Friday, despite lender confusion
U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses despite confusion over last-minute final rules and lenders unprepared to approve applications......»»
Small businesses can apply for SBA-backed CARES Act loans this week
Lenders are ramping up for a flood of applications as the coronavirus stimulus package's Paycheck Protection Program — a $349 billion loan program for small businesses — takes effect. Businesses with up to 500 employees can begin applying for.....»»
Austin may lend money to small businesses hurt by COVID-19
With federal loans now available to small businesses hurt by the coronavirus pandemic, the city of Austin may soon offer loans as well. Austin City Council on March 26 will consider creating a local economic injury disaster loan program, which could pr.....»»
Alabama secures key declaration to open access to SBA disaster loans
The state of Alabama has secured a critical declaration that will allow small businesses to receive assistance through the U.S. Small Business Administration’s Economic Injury Disaster Loan program to cope with the coronavirus outbreak. The program .....»»
Oakland’s TMC Financing expands into Hawaii to help small businesses recover from Lahaina Fire
Morrison said she saw the opportunity to expand in Hawaii after visiting friends on the Big Island and realizing the SBA’s 504 loan program could help small businesses affected by the Lahaina Fire recover and rebuild......»»
PPP loan forgiveness process could drag out for "six to eight years"
Fallout from the Small Business Administration’s Paycheck Protection Program loan could last for years as the agency works through billions of dollars in forgiveness applications and inevitable appeals. That is partly because of the addition of a s.....»»
Newsom signs law clarifying PPP loan deductions for California taxes
California Gov. Gavin Newsom signed legislation Thursday that allows most California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven to deduct expenses they paid with those loans......»»
Newsom signs law clarifying PPP loan deductions for California taxes
The legislation allows most California business owners, small businesses and corporations that got Paycheck Protection Program loans forgiven to deduct expenses they paid with those loans......»»
Colorado small-business program now taking applications for loans of up to $500,000
Backers of the program have said it's one of the largest state-involved loan efforts in America to come out of the coronavirus pandemic......»»
Columbus microlender urging Ohio"s small businesses, sole proprietors to apply for PPP
There’s still time to receive a Paycheck Protection Program loan, and the Columbus microlender ECDI says it wants to help Columbus-area small businesses – especially sole proprietorships – get the funding they deserve......»»
The PPP gave millions to big corporations. Now for two weeks, it’s only for mom-and-pop firms, a boost for minority-owned businesses and others left out.
Biden administration changes to the Paycheck Protection Program have boosted interest in the program and loan .....»»
PPP rule changes help get loans to small minority-owned businesses: ‘I’m glad somebody saw the light’
Biden administration changes to the Paycheck Protection Program have boosted interest in the program and loan .....»»
PPP loan changes helping small minority-owned Chicago businesses: ‘I’m glad somebody saw the light’
Biden administration changes to the Paycheck Protection Program have boosted interest in the program and loan .....»»
McDonald’s, Subway and other franchises got $15.6 billion in small-business funds
In total, SBA identified 75,746 franchise businesses that received loans under the small-business pandemic loan program......»»
What’s in Biden’s $1.9 trillion emergency coronavirus plan
The rescue proposal covers a national vaccination program, direct aid for struggling families and relief for small businesses and communities......»»
NerdWallet: How to apply for the second round of PPP loans for small businesses
Qualifying businesses that need help beyond their initial loan will be able to apply for a second one. Here's how it works......»»
"PPP fatigue" means some lenders will opt out of a second round of loans
Small businesses should expect fewer lenders to participate in a second round of Paycheck Protection Program loans. PPP loan experts agree that the often chaotic rollout of the first PPP round, ever-shifting regulations and an equally rough .....»»
Congress just fixed a disaster loan grant problem. Now thousands of small businesses could get cash grants.
The EIDL advance program was chock full of problems. A new stimulus bill fixes those, and makes more money available to struggling small businesses......»»
Citi has 2,000 employees working on small-business loan program
Citigroup said it has shifted 2,000 employees to help with Paycheck Protection Program loans for small businesses. The bank has submitted more than 27,500 applications to the federal Small Business... To view the full story, click the title link......»»
Democratic lawmakers criticize ‘mismanaged’ SBA loan program in letter to administrator
In a letter published Saturday, three Democratic senators criticized the Small Business Administration's handling of a coronavirus disaster loans program and asked the agency to reverse several earlier policy decisions......»»