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White House, GOP face heat after hotel and restaurant chains helped run small-business program dry
New York State has applied for a $4 billion federal loan to shore up its unemployment trust fund amid a record surge of claims by workers sidelined by the Covid-19 pandemic, a spokeswoman said. “All... To view the full story, click the title link......»»
Tampa Bay Wave to launch emergency loan program to help startups during coronavirus pandemic
The Tampa Bay Wave is creating a fund to help their startups stay afloat during a time when many industries is struggling. The Wave announced it is looking to launch an "emergency fund" to offer a lifeline to startups while they are awaiting financial.....»»
Florida private equity manager indicted in New York for loan fraud
A Florida private equity manager has been indicted on charges he lied about his investors in order to obtain a $95 million bank loan for his $500 million fund, federal prosecutors in Manhattan said on Wednesday......»»
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......»»
Creator of a scam PAC that targeted Trump supporters has been charged with defrauding the Paycheck Protection Program
Authorities say that James Kyle Bell duped Trump supporters into giving to his PAC and then presented false tax documents to get a PPP loan. "Make America Great Again" set of hats await pur.....»»
Start-Up NY companies face suspension and tax bills for following pandemic rules
Companies across the state could lose tax incentives and face suspension from the Start-Up NY program after they followed executive orders, closed their offices and worked from home to curb the spread of Covid-19......»»
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......»»
PPP round 2: How this Albany accountant says businesses should be preparing
Businesses with fewer than 300 employees that have seen revenue drop due to the Covid-19 pandemic will be eligible for a second Paycheck Protection Program loan under the most recent stimulus package......»»
Analysis shows Black and Hispanic businesses lagged in access to PPP loans
In the first month of the program, 88% of loans and 85% of loan dollars went to white neighborhoods, giving businesses in those areas a head start in the scramble to survive the pandemic......»»
Big San Francisco landlord got loan from small-business relief fund
Veritas, a San Francisco apartment landlord that owns about 200 buildings in the city and until recently sported an asset value above $3 billion, received funding from the Small Business Administration's Paycheck Protection Program, the company confi.....»»
3 out-of-state banking giants release PPP loan data for Colorado
One local executive told DBJ that the SBA program is going smoother during the second round of funding......»»
SEC continues crackdown on companies for making false claims during the coronavirus pandemic
The Securities and Exchange Commission continued its crackdown on companies making false claims relating to tests or treatments for COVID-19 on Tuesday, by bringing charges against Praxsyn Corp. and its chief executive for false statement on N95 masks......»»
SEC announces charges against Praxsyn over claims relating to N95 masks amid coronavirus pandemic
The Securities and Exchange Commission continued its crackdown on companies making false claims relating to tests or treatments for COVID-19 on Tuesday, by bringing charges against Praxsyn Corp. and its chief executive for false statement on N95 masks......»»
SEC announces charges against Praxsyn over claims relating to N95 masks in coronavirus pandemic
The Securities and Exchange Commission continued its crackdown on companies making false claims relating to tests or treatments for COVID-19 on Tuesday, by bringing charges against Praxsyn Corp. and its chief executive for false statement on N95 masks......»»
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......»»
Trump Today: Trump says U.S. working with Tyson Foods as he teases order on food-supply liability
President Donald Trump on Tuesday was scheduled to give a speech touting the federal government’s small-business loan program, and said he would sign an executive order on food supply......»»
Illinois adding $250 million to small-business loan fund for coronavirus relief
Illinois is adding $250 million to a small business loan fund to help employers navigate the COVD-19 pandemicIllinois is adding $250 million to a small business loan fund to help employers navigate the COVD-19 pandemic.....»»
Illinois adding $250 million to small business loan fund for coronavirus relief
Illinois is adding $250 million to a small business loan fund to help employers navigate the COVD-19 pandemicIllinois is adding $250 million to a small business loan fund to help employers navigate the COVD-19 pandemic.....»»
SBA: Emergency coronavirus program amount from banks will be capped
The U.S. government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic.....»»
U.S. will cap how much each bank can lend under emergency coronavirus program: memo
The U.S. government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic, according to a memo seen by Reuters hours ahead of the reopening of the lending program......»»