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Paycheck Protection Program

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The Paycheck Protection Program (PPP) is a $669-billion business loan program established by the Coronavirus Aid, Relief, and Economic Security Act to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.

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House Reps Names, Shames Five Public Companies For Taking PPP Loans Meant For Small Businesses [Video]

House Reps Names, Shames Five Public Companies For Taking PPP Loans Meant For Small Businesses

Representatives from the US House blasted five publicly traded companies for taking Paycheck Protection Program loans meant for small businesses. MiMedx, Quantum, EVO Transportation & Energy Services,..

Credit: Wochit News     Duration: 00:35Published
Lakers return relief loan funds amid lockdown [Video]

Lakers return relief loan funds amid lockdown

The Los Angeles Lakers returned a loan obtained through the U.S. government's Paycheck Protection Program (PPP), the team confirmed on Monday, after learning that funds in the federal program had been..

Credit: Reuters - Politics     Duration: 01:11Published

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House Approves Revisions to Paycheck Protection Program

It remains unclear how the legislation will be reconciled with a similar proposal in the Senate.
NYTimes.com - Published

U.S. small firms leave $150 billion in coronavirus stimulus untapped

When the U.S. government first rolled out forgivable loans to small businesses in early April under the Paycheck Protection Program, loan officers at Bank of the West in Grapevine, Texas worked nights..
Reuters - Published

Republicans call for DOJ investigation into Planned Parenthood over coronavirus relief loans

Republican lawmakers have asked the Department of Justice to look into how Planned Parenthood affiliates received Paycheck Protection Program loans.
USATODAY.com - Published

Fed says around 600 smaller banks tapped PPP facility in its first days

Around 600 banks, most of them small community institutions, tapped the Federal Reserve's Paycheck Protection Program facility for about $30 billion of loans as of May 6, the U.S. central bank reported..
Reuters - Published

Small-Business Loan Deadline Poses Test for Mnuchin

The Treasury Secretary has given big companies until May 18 to return their Paycheck Protection Program loans or face criminal liability. Many borrowers are rebuffing those demands.
NYTimes.com - Published

Feds arrest 2 men in first fraud case involving PPP loan program for small businesses hurt by coronavirus

Congress created the Paycheck Protection Program as part of the federal CARES Act to help small businesses recover from the COVID-19 pandemic.
USATODAY.com - Published

Los Angeles Lakers return $4.6 million loan received from Paycheck Protection Program

The Lakers applied for and received $4.6 million from the Small Business Administration's Paycheck Protection Program. They returned the money.
USATODAY.com - Published