KPIX 5 Investigation Reveals Paycheck Protection Program Is Vulnerable To FraudThe national Paycheck Protection Program (PPP) has loaned half a trillion dollars to thousands of small businesses and some bigger ones since the start of the pandemic. There’s still more than $1 billion left to hand out. So what does it take to qualify? It turns out, for some applicants, not much.
Majority Of COVID-19 PPP Loan Money Going To Only 15% Of Businesses ApplyingThe federal Paycheck Protection Program was created to help small businesses struggling during the COVID-19 pandemic, but data just released from the Small Business Administration shows that some unlikely businesses are getting the lion’s share of the money.
Fed COVID-19 Relief Funds Went To Newsom-Owned Businesses, Kanye West 'Yeezy' BrandA winery and hospitality company founded by Gov. Newsom and Kanye West's "Yeezy" clothing brand were among the hundreds of thousands of businesses which received funding from the U.S. Treasury Paycheck Protection Program, the government revealed Monday.
Coronavirus Update: Small Lenders Coming Through For Paycheck Protection Program ApplicantsThe U.S. Small Business Administration' Paycheck Protection Program has come under a lot of fire for benefitting the big guys over small businesses. The good news is the tide appears to be turning.
Senate Passes $483 Billion Aid Package To Restart Small Business Loan Program; Now To House, Trump's ApprovalThe Senate passed a $483 billion aid package. Some $331 billion will go to restart a small-business payroll loan program (PPP) that ran out of money last week. Also, $75 billion goes hospitals, and $25 billion to boost testing.
Small Businesses Need Feds To Pass New $310 Billion COVID-19 Relief Deal To Stay AfloatCongress is trying to pass a $310 billion deal to help small businesses stay afloat during the coronavirus pandemic.