Apr 28 WATCH: Trump holds briefing to address coronavirus relief for small businesses By Joyce M. Rosenberg, Associated Press Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration. Continue reading
Apr 27 Small business loan program restarts, runs into snags By Joyce M. Rosenberg, Associated Press The second round of loan applications for the government's program to aid small businesses hit by the coronavirus has been slowed by computer issues at the Small Business Administration. Continue reading
Apr 27 Watch 3:07 News Wrap: South Korea urges caution over Kim Jong Un rumors In our news wrap Monday, South Korean officials renewed calls for caution amid speculation about Kim Jong Un. Rumors regarding the North Korean leader’s well-being have swirled as he has disappeared from view in recent weeks. Also, the United Nations… Continue watching
Apr 24 Trump signs $484 billion measure to aid employers, hospitals By Andrew Taylor, Alan Fram, Kevin Freking, Associated Press The bill is the latest effort by the federal government to help keep afloat businesses that have had to close or dramatically alter their operations as states work to slow the spread of the virus. Continue reading
Apr 23 Government puts pressure on public companies to return loans By Associated Press Although the intent of the program is to help small businesses hit by the coronavirus outbreak, some publicly traded companies did secure loans, setting off a backlash. Continue reading
Apr 22 Many small businesses say loans won’t get them to rehire By Christopher Rugaber, Associated Press Some small businesses that obtained a highly-coveted government loan say they won't be able to use it to bring all their laid-off workers back, even though that is exactly what the program was designed to do. Continue reading
Apr 21 Small Business Administration reports data breach in disaster loan website By Joyce M. Rosenberg, Associated Press The Small Business Administration has reported it had a potential data breach last month in its website handling disaster loan applications. Continue reading
Apr 21 Publicly traded firms get $300M in small-business loans, AP reports By Reese Dunklin, Justin Pritchard, Krysta Fauria, Associated Press An Associated Press investigation has found that a relief fund Congress created to protect small businesses amid the coronavirus crisis has helped companies with thousands of employees, past regulatory run-ins and risks of financial failure even before the economy got… Continue reading
Apr 21 Criminal records shut small business owners out of aid program By Jill Colvin, Associated Press 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… Continue reading
Apr 20 Government relief loans to restaurant chains draw complaints 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. Continue reading