The U.S. Senate on Thursday voted to extend the application period for the Paycheck Protection Program until the end of May. Since the program began, over $700 billion have been distributed to small businesses to help cover losses during the…
The bill had already passed the House, so it now goes to President Joe Biden’s desk to be signed into law. Congress started the loan program last year to help businesses survive the COVID-19 pandemic.
By News Desk and Kevin Freking, Associated Press
Black and Hispanic business owners said they feel disparities in PPP distribution highlight longstanding systemic inequities in the U.S. that have kept entrepreneurs who are not white from accessing capital.
By Courtney Vinopal
President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color.
By Zeke Miller, Associated Press
By Marcy Gordon, Associated Press
A report by a House subcommittee says a lack of government oversight and accountability for the $600 billion-plus program may have led to billions being misspent.
By Paul Solman, Sam Lane
American businesses suffering through the pandemic’s economic fallout have received hundreds of billions of dollars in federal loans since the Paycheck Protection Program opened this spring. But accessing that funding was challenging for business owners with criminal records. Economics correspondent…
The Paycheck Protection Program, or PPP, is one of the federal government’s signature efforts to help small businesses weather the COVID-19 pandemic. Now, there is new data from the Trump administration about how this money was distributed during the past…
By Brian Slodysko, Angeliki Kastanis, Associated Press
As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts.
By Christopher Rugaber, Joyce M. Rosenberg, Associated Press
The Treasury Department on Monday released the names of more than 650,000 companies that received funds from the government's small business lending program, a massive effort intended to support the economy as states shut down in April to contain the…
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