Economy May 26 With PPP fund empty, can other programs to help small businesses provide relief? By Lisa Desjardins, Matt Loffman, Kate Grumke
Economy Oct 10 Watch 7:20 After a summer of no tourists, winter is coming for Maine’s small businesses Small business owners in Maine that rely on a tourist-filled summer have been shuttering shops since the start of the pandemic. With negotiations over a stimulus package stalled, and the cold season approaching, many of them face a bleak future. By Christopher Booker, Mori Rothman
Nation May 19 WATCH: Fed’s Powell says new lending programs to launch by June 1 Treasury Secretary Steve Mnuchin and Federal Reserve Chair Jerome Powell will testify Tuesday at 10 a.m. before the Senate Banking, Housing and Urban Affairs Committee. By Martin Crutsinger, Christopher Rugaber, Associated Press
Economy Apr 27 Small business loan program restarts, runs into snags 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. By Joyce M. Rosenberg, Associated Press
Economy Apr 23 Government puts pressure on public companies to return loans 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. By Associated Press
Apr 23 WATCH: Small businesses testify about COVID-19 response, recovery By Courtney Vinopal Small business owners testify before the House of Representatives April 24 about the government’s response and recovery efforts to COVID-19. 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 Watch 7:27 What’s different about the latest Senate coronavirus aid bill On Tuesday, the Senate renewed its effort to mitigate economic pain caused by the COVID-19 pandemic. Lawmakers approved a $483 billion relief package including money for hospitals, testing and small business lending -- especially targeted to business categories less successful… Continue watching
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 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