Paycheck Protection Program

Are you a business owner looking for help to get through the coronavirus pandemic? Ami Kassar, the CEO of MultiFunding and a small business advocate, breaks down what you need to know about the Main Street Lending Program and the Paycheck Protection Program.

The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid

More than 28,000 loans of $150,000 and above were approved for businesses in Illinois and Northwest Indiana as part of the Paycheck Protection Program, defined by the U.S. Small Business Administration as “a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.” The table below lists businesses in Illinois and Northwest Indiana…

The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.

Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.

Billions of dollars offered by Congress as a lifeline to small businesses in the pandemic are about to be left on the table when a key government program stops accepting loan applications

A Hollywood aviation management company is sharing the benefits of a taxpayer-financed loan with its private jet-owning clients after it won the loan through the federal Paycheck Protection Program, according to three clients and a copy of a letter announcing the plan.

With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance.

Two men lied about their businesses in loan applications under the new Paycheck Protection Program, federal prosecutors announced Tuesday, saying they are the first to be charged with fraud in connection with the multibillion-dollar loan initiative in the United States. The two men were been charged in Rhode Island with filing fraudulent bank loan applications seeking $438,000 from the Small…

The Los Angeles Lakers qualified for and received approximately $4.6 million from the government’s Paycheck Protection Program, which was established to provide relief to small businesses suffering during the coronavirus pandemic. The Lakers eventually returned the money, according to NBC News.

A $484 billion bill, earmarked for small businesses shut down by the coronavirus, is headed for the House after the Senate passed it on Tuesday. It includes items that Democratic lawmakers insisted on adding, including $75 billion for hospitals and another $25 billion to support expanded testing efforts. President Trump is expected to sign it by the end of the...

An Associated Press investigation has found that a relief fund Congress created to protect small businesses amid the coronavirus crisis has helped companies with thousands of employees, past regulatory run-ins and risks of financial failure even before the economy got walloped

A proposed class action lawsuit filed in California on Sunday accuses Wells Fargo, Bank of America, Chase and and U.S. Bank of fraud and unfair business practices, among other claims, in the way the banks processed applications for the federal government’s coronavirus relief program, the Paycheck Protection Program known as “PPP.” The program, which was supposed to offer a...

Congress is said to be close to a deal on funding more small business loans to help offset losses sustained due to the COVID-19 pandemic. A vote could come Monday on an additional $250 billion for the Paycheck Protection Program. The current bill would also provide billions in help for rural and minority-owned businesses.

Tensions over testing boiled over on a conference call between Democratic senators and Vice President Mike Pence during a private conference call Friday