Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after...
into small firms and prevent economic collapse. The loans by banks and other financial institutions were administered by the state-owned British Business Bank (BBB) and lenders made...
The US government declined to share which small businesses have received loans under the Payroll Protection Program. Treasury Secretary Mnuchin told lawmakers that the information was...
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PPP loans, which are meant for small businesses. Both have since retuned their loans. "I definitely don't think it's fair that there's probably still mom-and-pop shops in need of PPP loans...
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of small business owners are feeling the pinch, saying that they're finding it harder to secure loans for their business. Despite the latest drop in the unemployment rate to 3.8%, 37% of...
Restaurant chains are facing backlash after receiving more than $80 million in coronavirus stimulus loans intended for small businesses. Last Sunday night, Shake Shack's chairman, Danny...
The PPP offers small businesses with less than 500 employees loans to cover staff wages for eight weeks, though a smaller portion can be used for mortgage interest payments, rent and...