Most employers who applied for loans under the coronavirus stimulus package are still waiting for their funds.
Business advocates and banking industry officials claim not
There is confusion surrounding tax obligations for small business owners who want their loans forgiven under the Paycheck Protection Program.
The new law states that
The U.S. has approved more than 650,000 loans for employers since the launch of the Paycheck Protection Program.
“We’re now at 661,000 loans approved.
A full 70% of small businesses in the U.S. have attempted to apply for an emergency loan through the Paycheck Protection Program (PPP) —
More than 500,000 Paycheck Protection Program (PPP) loans have been approved in the last week to alleviate the coronavirus pandemic.
White House economic adviser Larry
The Federal Reserve on Thursday gave banks capital breaks to incentivize lending through the Paycheck Protection Program.
Regulators won’t mandate that lenders maintain capital buffers
A community bank trade group will send a letter to the Treasury Department and the Small Business Administration asking for more access to the
The Federal Reserve on Wednesday reduced the punitive restrictions on Wells Fargo to allow the bank to fully participate in the coronavirus stimulus program.
A coalition of CPAs, franchisees and payroll processing companies urged President Trump to speed up the cash infusion to small businesses.
The coalition includes the
Fintech startups are looking to get in on the Paycheck Protection Program, promising to underwrite loans at “speed and scale.”
The U.S. government is backing