Apr 16 It took 13 days for the Paycheck Protection Program to run out of money. What comes next? By Lisa Desjardins 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… Continue reading
Apr 15 Government nears lending limit on small business program 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. Continue reading
Apr 15 Mnuchin, Schumer rev up talks as small business aid runs dry 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. Continue reading
Apr 13 Government loans start flowing to small businesses 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… Continue reading