Repeated changes to the SBA’s Paycheck Protection Program are complicating the process of getting loans forgiven. One banker says the application “looks like the bar exam.”
Small businesses that received government-backed loans to ease the pain of the coronavirus pandemic are beginning to turn to a process some say is as complex as getting the money: figuring out whether they have to pay it back.
Some small-business owners have spent dozens of hours wading through the 11-page forgiveness application for Paycheck Protection Program loans. Others are trying to determine how or whether legislation President Trump signed earlier this month changes the math. Some lenders say the government is putting...
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US government refuses to say which small businesses received PPP loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Schumer slams Mnuchin for implying he won't disclose names of PPP recipients'Given the many problems with the PPP program, it is imperative American taxpayers know if the money is going where Congress intended — to the truly small and unbanked small business,' said Schumer.
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US government refuses to say which small businesses received PPP loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Treasury Makes It Easier For Business Owners With Criminal Records To Get PPP LoansThe Treasury Department has made it easier for borrowers with criminal records to access Paycheck Protection Program loans, the Small Business Administration announced by rachsandl
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Hundreds of New York City Businesses Were Damaged, Looted in Recent UnrestAn estimated 450 businesses in the city were affected by looting or vandalism in late May and early June, officials said. The city has created an emergency fund to help affected small businesses repair and reopen.
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