The Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that were ...
When submitting a PPP application for a First Draw PPP Loan or a Second Draw PPP Loan, all borrowers were required to certify in good faith that “[c]urrent economic uncertainty makes this loan request ...
The Paycheck Protection Program (“PPP”) began with rushed legislation and a race for financial support in the middle of a pandemic. This race was hardly a straight line as the Small Business ...
The pandemic-era Paycheck Protection Program (PPP) was a bloated, wasteful mess—and now the guy responsible for running it is getting a promotion. President-elect Donald Trump announced Wednesday that ...
The U.S. Small Business Administration recently said the Payroll Protection Program exhausted loan money available to traditional banks -- weeks before the planned May 31 cutoff date. U.S. Small ...
As COVID-19 shutdowns threatened businesses back in 2020, the U.S. government began issuing nearly $800 billion in potentially forgivable Paycheck Protection Program loans. The program was designed to ...
When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...
Financial regulators have made no secret that they have been making inquiries into brokers and financial advisers who incorrectly or inappropriately applied to federal loan programs for small ...
A federal jury found four California residents guilty of submitting fraudulent loan applications to obtain millions of dollars from coronavirus relief funds to buy items including luxury homes, gold, ...
WASHINGTON, DC - Senator Jeanne Shaheen (D-NH), speaks to the media din Washington, DC. (Photo by Pete Marovich/Getty Images) Senator Jeanne Shaheen (D-NH) recapped the Paycheck Protection Program in ...
The PPP program bailed out the Georgia-based online lender, which went from furloughing employees in March 2020 to being an appealing takeover target in a matter of months thanks in part to the $7 ...
But the program, which tasked banks and other private lenders with processing applications, was beset by fraud from its earliest days in the spring of 2020, with some recent estimates suggesting that ...