Paycheck Protection Program
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.
Why Shake Shack is Returning $10M Government Loan
The burger chain has faced operating losses of over $1.5 million each week amid the COVID-19 lockdown.
Over 1.6M Small Firms Get Corona Crisis Loans
The Paycheck Protection Program has "enjoyed broad-based participation from lenders of all sizes and a wide array of industries and businesses."
Fed Offers More Support for Loans, Corporate Debt
The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
Banks Brace for Crisis Loan Program Rollout
Lenders fear the launch of the $350 billion program could be "a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013."