Topics

Paycheck Protection Program

U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

By: Michelle Price, David Lawder, Lawrence Delevingne
Source: Reuters
Date of Publication: July 6th, 2020
A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous.
Here is everything that goes away when coronavirus benefits end in July

Here is everything that goes away when coronavirus benefits end in July

By: Katie Connor
Source: CNET
Date of Publication: June 29th, 2020
The CARES Act benefits that helped many Americans with economic hardships are set to expire within weeks.
PPP recipients can apply early for loan forgiveness, SBA says

PPP recipients can apply early for loan forgiveness, SBA says

By: Jeff Drew
Source: Journal of Accountancy
Date of Publication: June 23rd, 2020
New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money.
Small businesses expect to fail. Here’s what will happen to their PPP loans.

Small businesses expect to fail. Here’s what will happen to their PPP loans.

By: Greg Iacurci
Source: CNBC
Date of Publication: June 24th, 2020
Small businesses have received nearly $630 billion in combined funding through the Paycheck Protection Program and the Economic Injury Disaster Loan program. Nearly a quarter of small businesses are considering closing permanently due to Covid-19, one survey found. All PPP loans and EIDL loans of less than $25,000 have terms that are relatively favorable to borrowers if they need to close.
Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says

Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says

By: Makini Brice
Source: Reuters
Date of Publication: June 18th, 2020
Mother’s Day during the coronavirus pandemic meant an uptick in sales for Lee’s Flower and Card Shop in Washington, D.C.
These entrepreneurs are just about out of their paycheck protection funding. Here’s what’s next

These entrepreneurs are just about out of their paycheck protection funding. Here’s what’s next

By: Darla Mercado
Source: CNBC
Date of Publication: June 14th, 2020
The Paycheck Protection Program offered forgivable loans to entrepreneurs whose businesses were affected by Covid-19. Originally it was intended to cover up to eight weeks of payroll costs, rental expenses, utilities and more.
Businesses that received money in April are coming up on the end of their eight-week period. For restaurants and other businesses, it means they’re out of aid before they’re up and running.
Senate Democrats have proposed a new lifeline to allow the hardest-hit firms to apply for a second injection of PPP funding.
Ruth Fertel's grandson scolds Ruth's Chris steakhouse on Twitter over coronavirus response _ Coronavirus _ nola.com

Ruth Fertel's grandson scolds Ruth's Chris steakhouse on Twitter over coronavirus response

By: Doug Maccash
Source: Nola.com
Date of Publication: April 30th, 2020
The grandson of Ruth's Chris founder asks the company via Twitter to do more for the community during COVID-19.
SmallBusinessAssistace-MoveForwardTogether_AEP

We'll Move Forward Together

By: AEP
Source: AEP
AEP site for business owners about resources to support recovery.