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Stories Tagged as

Paycheck Protection Program

COVID-19

Who got PPP loans? Trump administration releases the data.

by Sabri Ben-Achour , Nova Safo and Alex Schroeder
Jul 7, 2020
It's clear the loans went to some enterprises that are once again prompting questions about who really needed the government aid.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
Kameleon007 via Getty Images
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COVID-19

PPP loans deadline passes, but not before Senate approves extension

by David Brancaccio , Nova Safo and Alex Schroeder
Jul 1, 2020
Congress and the Trump administration have not yet agreed on a plan for distributing the unused $130 billion remaining in the program.
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COVID-19

Why some business owners are applying for PPP loans at the last minute

by Justin Ho
Jun 29, 2020
The deadline for Paycheck Protection Program loan approvals is Tuesday. Some haven't been clear about their eligibility. Others have been trying since the beginning.
A woman makes a purchase at a Nevada coffee shop. Some small business owners are applying for PPP loans now because they weren't sure whether they were eligible before.
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COVID-19

Which businesses got PPP loans? Probably those that needed them the least, researchers say.

by David Brancaccio , Nova Safo , Rose Conlon and Alex Schroeder
Jun 24, 2020
Because loan amounts were based on how much companies pay their employees, lower-income workers got less money.
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COVID-19

Some businesses now have an easier way to apply for PPP loan forgiveness

by Justin Ho
Jun 18, 2020
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
A restaurant owner waits for customers in Key West, Florida.
Joe Raedle/Getty Images
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COVID-19

Banks are getting a boost from PPP loans

by Justin Ho
Jun 12, 2020
The program's helping them attract new customers and bring in revenue during the downturn.
A bank branch in Los Angeles. Banks processing PPP loans are seeing new business from those customers and generating fees from the government.
Valerie Macon/AFP via Getty Images
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COVID-19

How’s the economy? vs. how’s the economy for each of us?

by Kai Ryssdal and Maria Hollenhorst
Jun 8, 2020
If you want to answer the second question, you’ve got to 'disaggregate' the data.
Macroeconomic data can help you see the big picture — the forest. But if you want to understand how groups within the economy are doing, examine the trees.
Patrick Pleul/DPA/AFP via Getty Images
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COVID-19

This Black-owned restaurant couldn't get PPP funding at first. Here's how it's doing now.

by Amy Scott
Jun 8, 2020
Terence Dickson isn't opening for outdoor dining at Terra Cafe just yet, even if it might cost him some business.
Terence Dickson stands in front of "Big Blue," a delivery truck he's converted into an outdoor bar at his restaurant in Baltimore.
Amy Scott/Marketplace
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COVID-19

Congress passes legislation to extend PPP loan deadlines

by Nancy Marshall-Genzer
Jun 4, 2020
One change: Businesses will have more time to spend their loans and still qualify for forgiveness.
The legislation defers payroll taxes for businesses getting the loans, and it gives them more time to repay any part of a loan that isn’t forgiven.
David McNew/Getty Images
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Reimagining the Economy

Why eliminating racial inequities is key for the post-COVID-19 economy

by David Brancaccio and Candace Manriquez Wrenn
Jun 4, 2020
"Going back to normal would be disastrous for Black Americans," says Andre M. Perry of the Brookings Institution.
"There's built-in inequality in the systems that we use to distribute resources to build wealth," Andre M. Perry says.
Jason Redmond/AFP via Getty Images
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