The Paycheck Protection Program is supposed to be a lifeline for small businesses, but government guidelines say that businesses are ineligible if anyone who owns the company is incarcerated, under indictment, on probation or parole or had been convicted of…
By Joyce M. Rosenberg, Dee-Ann Durbin, Associated Press
Some big restaurant chains have obtained loans from the government under a small-business relief program, leading business groups to call for changes to the program before Congress provides it with new funding.
One of the most sweeping business rescue programs in U.S. history ran out of money Thursday, leaving millions of small business owners and workers in financial limbo. The $349 billion Paycheck Protection Program was completely depleted…
By Associated Press
It’s unclear how much money has actually been distributed from the program, which launched April 3. Thousands of business owners are still awaiting word on their loan applications.
By Andrew Taylor, Associated Press
A key coronavirus rescue fund nearly exhausted, negotiations are accelerating in Washington over President Donald Trump’s $250 billion emergency request to help smaller employers across the country keep workers on their payroll.
By Joyce M. Rosenberg, Associated Press
Money that was held up by technological and legal issues and the sheer volume of applications began arriving in companies' bank accounts at the end of last week. The Small Business Administration says more than 941,000 applications have been approved…
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