You Searched For "payroll protection program" and got 20 results
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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
Small business owners are becoming more optimistic and expect a 'short-lived' recession, survey shows
"As states begin to reopen, small businesses continue to navigate the economic landscape rocked by …
Carmen Reinicke
5 mins read
Inside a Bay Area family's struggle to save their company during the coronavirus outbreak, as big businesses like Shake Shack beat them to government loans
Shady Elzarka's family has owned Beninni, a men's formal wear store in Hayward, California, for thr…
Ashley Collman
2 mins read
The Small Business Administration says it's loosening payroll restrictions to allow partial loan forgiveness under PPP small business aid program
The SBA now says 60% of the forgiven loan amount should go towards worker paychecks, which would en…
Joseph Zeballos-Roig
1 min read
A Mississippi man is accused of spending PPP loan money on a $100,000 Tesla and a million-dollar house
Christopher Paul Lick received $6 million in PPP loans by lying to banks about his businesses' expe…
Kate Duffy
2 mins read
Biden mocks Republicans for accepting pandemic relief funds while opposing student loan forgiveness: 'My program is too expensive?'
"The hypocrisy is stunning," Biden said of the large support for pandemic relief for businesses as …
Brent D. Griffiths
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
3 mins read
Most small businesses kept paying their bills during the pandemic. Experts say that can only last so long.
Small businesses have experienced significant revenue drops during COVID-19 but remained able to ma…
Ayelet Sheffey
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
3 mins read
5 ways Biden just tweaked the PPP to help the smallest businesses survive
Biden's changes to the PPP help businesses with less than 20 workers (or none at all) and those wit…
Ayelet Sheffey
3 mins read
Restaurant job losses surged to 372,000 over the holidays in largest employment decline since April
During a season typically known for leisure activities, unemployment in the restaurant industry las…
Grace Kay
3 mins read
Friday's May jobs report surprised economists. It could be a sign that the government's program to rescue small businesses is paying off
The May report could be showing a shift in workers receiving unemployment benefits to being rehired…
Carmen Reinicke
3 mins read
The PPP loan program is open: How your small business can get loans, grants, and tax breaks from the new stimulus bill
The Senate passed a PPP extension on March 25, which would give struggling business owners another …
Business Insider
2 mins read
Fast food franchisees collected more than $1 billion in federal PPP aid earmarked for small businesses, analysis finds
The maximum loan was $10 million, and loans could be forgiven under certain circumstances.
Mary Meisenzahl
2 mins read
Businesses at properties owned by the Trump Organization and Kushner Cos. benefited from over 25 PPP loans worth $3.65 million, a new report says
The Kushner Cos. general counsel said the NBC News analysis was "completely untrue and amounted to …
Oma Seddiq
3 mins read
This is how the US, Germany and other European countries tried to protect jobs amidst the coronavirus pandemic
Amid the coronavirus chaos and anticipations of a global recession directly impacting jobs and the …
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
2 mins read
The US government just released the names of hundreds of thousands of small businesses that received emergency coronavirus bailouts
The move to release the business data came after pressure from Republicans in Congress, who praised…
Graham Rapier
2 mins read
Small Business Administration announces it will disclose the names of PPP borrowers who accessed more than $150,000 in major reversal
The decision comes amid pressure from the Senate Small Business Committee to increase transparency …
Shannen Balogh
1 min read
PRESENTING: What solo entrepreneurs can do to ensure they get paid and also qualify for forgiveness when using their PPP loan
Sole proprietors who've received less PPP money than anticipated have two options for padding their…