by Kate Hickner | Apr 22, 2020 | Finance, Government
By Kate Hickner Despite unprecedented federal appropriations and stimulus activity, businesses across the country are struggling to survive the economic crisis caused by the coronavirus pandemic. As expected, the federal government took important action on Tuesday to...
by Justine Konicki | Apr 21, 2020 | Finance, Government
By Justine Lara Konicki & Peggy Beistel [UPDATED 4/23/2020 @ 6:20 p.m.] In a 388-5 vote, the House has passed expanded funding for the SBA’s Paycheck Protection Program. The $484 billion relief package would replenish the PPP small-business loan program,...
by Cary Zimmerman | Apr 7, 2020 | Finance, Government
By Cary Zimmerman and Kevin O’Connor The Treasury Department and Small Business Administration (SBA) have issued new FAQs regarding Paycheck Protection Program loans. Below is a summary of the guidance. The FAQs state that they will be updated on a regular basis, so...
by Jennifer Hart | Apr 3, 2020 | Finance, Government
Today was the first day the Small Business Administration (SBA’s) processed applications for the groundbreaking Paycheck Protection Program. And the $349 billion allocated to the program is already going fast. By 9 a.m. community banks had processed 700 loans...