Paycheck Protection Program
Feds Net 57 People in Probe of PPP Loan Scams
The defendants allegedly tried to steal a total of $175 million from the program, which some had feared would be a magnet for fraud.
U.S. Confidence Starts to Rebound
Finance executives are more optimistic about the domestic economy, but they expect a slow recovery.
Top CEOs Urge Congress to Save Small Firms
More than 100 executives said small businesses need "much more significant and sustained support" than the PPP to weather the COVID-19 pandemic.
Will There Be a Second Round of Paycheck Protection Loans?
Under proposed legislation, smaller businesses would be targeted, and they would have to show a 50% revenue drop.
Watchdog Warns of ‘Significant’ PPP Fraud Risk
The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
Shining a Light on Earnings Adjustments
Finance will have to make some judgments when trying to present a normalized view of ongoing financial performance.
New Bill Offers Second Loans to PPP Borrowers
“Congress must once again act urgently to support our most vulnerable small businesses through this crisis."
Senate Passes Bill Extending Time to Use Paycheck Protection Loans
The program has given out 4.4 million forgivable loans so far.
House Passes Bill to Ease Rules for Payroll Protection
The bill would allow small businesses seeking loan forgiveness to use a smaller share of the money on payroll.
Fed Study Questions Paycheck Protection Loans
Fed economists said there was actually a negative correlation between COVID-19 cases per capita and the share of small firms getting PPP funding.
SBA Clarifies PPP Loan Guidelines Amid Uproar
New guidance from the SBA comes after a public outcry over large companies receiving hundreds of millions of dollars in loans.