You Searched For "ppp lending program" and got 20 results
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4 mins read
JPMorgan Chase is looking into customers' misuse of PPP loans — and the role the bank's own employees played
Some customers may have abused loans they received earlier this year through the federal government…
Reed Alexander
Sep 08 2020 22:19 IST
1 min read
JOIN US TODAY: Sign up for our live event on how to make the most out of PPP
A new round of $325 billion in funding is coming. Ask Insider journalists about the ins and outs of…
Business Insider
Jan 05 2021 15:22 IST
2 mins read
Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says
The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…
Ben Winck
Feb 01 2022 21:58 IST
2 mins read
PRESENTING: The inside story of the businesses, banks, and bureaucracies grappling with the $670 billion attempt to rescue Main Street
BI Prime's exclusive reporting brings you actionable insights that can help you make informed decis…
Business Insider
May 24 2020 12:46 IST
3 mins read
Tens of thousands of PPP loans at high risk for 'fraud, waste, and abuse,' House Democrats say
More than $1 billion in relief funds were made to firms receiving multiple loans, the group said. T…
Ben Winck
Sep 01 2020 18:56 IST
3 mins read
Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress
Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …
Ben Winck
Aug 03 2020 20:31 IST
2 mins read
The Paycheck Protection Program saved up to 3.2 million jobs during the coronavirus pandemic, study says
Forgivable loans made through the program also lifted employment at eligible small businesses by 2%…
Ben Winck
Jul 22 2020 17:53 IST
4 mins read
Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.
A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…
Madison Hoff
Dec 01 2021 18:46 IST
1 min read
WATCH: How business owners can make the most of PPP
Watch our webinar to learn if your business qualifies for up to $2 million in forgivable loans from…
Bartie Scott,Jennifer Ortakal…
Jan 06 2021 18:12 IST
2 mins read
Biden signs PPP small-business aid extension into law one day before it was set to expire
Small businesses can now apply for aid from the Paycheck Protection Program through May 31, and app…
Ayelet Sheffey
Mar 30 2021 21:18 IST
2 mins read
Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says
Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…
Ben Winck
Aug 17 2020 20:25 IST
2 mins read
As many as 14% of small businesses may lay off workers when their PPP loans run out
"Those businesses hardest hit by the crisis will likely need additional help," NFIB analysts wrote …
Carmen Reinicke
Jun 24 2020 12:42 IST
3 mins read
A California man got nearly $9 million in coronavirus relief loans through fraud and spent 'hundreds of thousands' on gambling, prosecutors say
Prosecutors are going after people scamming the Payment Protection Program, which is designed to gi…
Inyoung Choi
Jul 17 2020 19:47 IST
4 mins read
How $349 billion was doled out, Whole Foods' heat map, and what's next for oil
How big banks decided the futures of small businesses. Whole Foods is tracking stores at risk of un…
Matt Turner
Apr 26 2020 14:30 IST
2 mins read
Roughly 17% of US restaurants have permanently shut down since the start of the pandemic as industry leaders warn of an 'unprecedented economic decline'
The majority of restaurants that closed were not brand-new businesses, the association found: on av…
Avery Hartmans
Dec 07 2020 17:21 IST
2 mins read
Senate votes to extend PPP through May, continuing aid for small businesses
Along with a two-month extension, the bill allows for applications to the small business aid progra…
Ayelet Sheffey
Mar 25 2021 19:16 IST
3 mins read
Federal relief loans for small businesses just dried up. Here's what to do if you need $1 million dollars or more to stay afloat
The terms of the PPP loans require you to retain employees and wages to be eligible for loan forgiv…
Dominick Reuter
Apr 16 2020 12:48 IST
2 mins read
Houston man charged with using COVID-19 relief funds to buy Lamborghini — one week after Florida man was charged for the same crime
Lee Price III fraudulently obtained more than $1.6 million in COVID-19 PPP relief funding, which he…
Kristen Lee
Aug 05 2020 18:10 IST
3 mins read
The federal government extended the Paycheck Protection Program after $130 billion out of $660 billion went uncollected. Here's what new applicants need to know.
Potential applicants now have until August to request federal relief funds under the program to hel…
Thomas Pallini
Jul 05 2020 19:49 IST
3 mins read
Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should now focus on preventing a 'lost generation' of workers
Nobel Prize-winning economist Joseph Stiglitz said: "Even after pandemic is put under control, econ…
Saloni Sardana
Jun 02 2020 20:20 IST