Business groups from badly affected industries applauded provisions of the coronavirus relief package for approximately $ 1 trillion Republicans in the Senate, released Monday. The GOP plan would expand eligibility for the Paycheck Protection Program (PPP) to nonprofit or quasi-governmental tourism marketing organizations, which the travel industry lobby group has …
Read More »Why was the program always at risk of fraud?
The Reddit questions and threads began within days of the publication by the United States Small Business Administration of the names of thousands of companies that received loans under the Federal Salary Protection Program. Why, they asked, did a youth baseball league in Lafayette need a federal loan of $ …
Read More »Could 86% of PPP loans be converted into grants? Mnuchin supports automatic forgiveness of some PPP loans
WASHINGTON, DC – July 17: Steven Mnuchin, United States Secretary of the Treasury, speaks during a Small Chamber … [+] Business Committee Hearing July 17, 2020 in Washington, DC The hearing is titled “Oversight of the Small Business Administration and Treasury Department Pandemic Programs.” (Photo by Erin Scott-Pool / Getty …
Read More »Mnuchin: most affected companies should be able to get a second PPP payment
treasury secretary Steven MnuchinSteven Terner MnuchinOn The Money: Enhanced unemployment insurance likely to expire during COVID-19 aid talks | Trump says he will not issue national mask mandate | Mnuchin: Most affected companies should be able to get a second PPP payment The travel industry demands specific relief amid a …
Read More »These are the main media companies that received coronavirus relief loans
Dozens of media companies have received coronavirus relief loans from the Paycheck Protection Program (PPP) in recent months, according to data released Monday by the Small Business Administration and the Treasury Department. The loan program, established by Congress in late March to boost small businesses during the pandemic, has distributed …
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