Paycheck Protection Program

House Passes Bill to Ease Rules for Payroll Protection
Risk & Compliance

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.
By Lauren Muskett | May 29, 2020
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Fed Study Questions Paycheck Protection Loans
The Economy

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.
By Vincent Ryan | May 6, 2020
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SBA Clarifies PPP Loan Guidelines Amid Uproar
Credit & Capital

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.
By Matthew Heller | April 23, 2020
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Why Shake Shack is Returning $10M Government Loan
Credit & Capital

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.
By Lauren Muskett | April 20, 2020
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Over 1.6M Small Firms Get Corona Crisis Loans
Credit & Capital

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."
By Matthew Heller | April 20, 2020
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Fed Offers More Support for Loans, Corporate Debt
Risk & Compliance

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.
By Matthew Heller | April 9, 2020
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Banks Brace for Crisis Loan Program Rollout
Credit & Capital

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."
By Matthew Heller | April 3, 2020
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Virus Relief Bill Targets $350B for Small Businesses
Risk & Compliance

Virus Relief Bill Targets $350B for Small Businesses

“We are cautiously optimistic that this will provide the cash flow that small businesses needed yesterday."
By Matthew Heller | March 26, 2020
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