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
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
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
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
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
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
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
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
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…
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
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
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
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
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
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
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
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
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
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
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…