Fraud charges:Feds arrest 2 men in first fraud case involving PPP loan program for small businesses hurt by coronavirus Learn more: Best personal loans The Small Business Administration...
The Small Business Administration’s rescue loan program hit... 3 million loans given approval at a value of more than $296... the programs, the pace at which U.S. small businesses...
The system the Small Business Administration is using to set up new coronavirus relief loans was not functioning for most of Monday, banking executives said.
The program faced backlash after several public companies disclosed they had taken out the loans, which were intended to help small businesses with fewer than 500 employees weather the coronavirus...
The government's $349 billion loan program for small businesses hurt by the coronavirus pandemic officially ran out of funds on Thursday. Still, even businesses that have been approved for loans ar...
for loans so far under the government's $349 billion Paycheck Protection Program. The program is primarily intended to benefit small businesses — defined as those with fewer than 500...
After the first round, a survey from the National Federation of Independent Business found that three-quarters of small businesses had applied for the first-round PPP loans, but only 20...
low-interest loans. By a 92-7 margin, the Senate passed a bill Thursday extending until May... The popular Small Business Administration program was scheduled to sunset Wednesday, a...
April 20, 2020 · 9:58 AM ET · By Bill Chappell ; Shake Shack is returning a $10 million federal loan after the Paycheck Protection Program that was meant to help small businesses ran out of money in less than two weeks of operation. The burger chain and other large businesses were able to get the money because the program covers any company with fewer than 500 workers in a single location. "Few, if any restaurants in America employ more than 500 people per location," Shake Shack CEO Randy Garutti wrote in a statement early Monday morning. "Th ...
The Small Business Administration has run out of money for its disaster assistance loans, delaying much needed relief for people applying for aid in the wake of the destruction caused by Hurricanes...