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Stories Tagged as

PPP

COVID-19

Banks eager to help clients get PPP cash while funds are available

by Justin Ho
May 4, 2020
The second round of Paycheck Protection Program funding has yet to be exhausted.
An empty coffee shop in New York. Many small businesses may rely on the second round of PPP loans.
Spencer Platt/Getty Images
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COVID-19

For some small businesses, paycheck protection loans aren't the answer

by Justin Ho
Apr 29, 2020
The loans, designed to help businesses hurt by COVID-19, come with requirements that some don't want to take on.
Some eateries decided they couldn't hire back all of their employees.
Spencer Platt/Getty Images
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COVID-19

Minority-owned businesses struggle to access emergency loans

by Amy Scott
Apr 28, 2020
Many of their lenders were excluded from the Paycheck Protection Program.
There's criticism that smaller and minority-owned businesses didn't get their fair share from the first round of the Paycheck Protection Program funding.
Spencer Platt/Getty Images
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COVID-19

Farmgirl Flowers CEO on how the PPP “failed” businesses like hers

by Kai Ryssdal and Maria Hollenhorst
Apr 27, 2020
The direct-to-consumer flower company founder said the Paycheck Protection Program failed the small companies it was meant to protect.
Farmgirl Flowers CEO Christina Stembel at one of the company's California distribution centers.
Courtesy of Farmgirl Flowers
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COVID-19

Small banks worry they're at a disadvantage in new round of SBA loans

by Justin Ho
Apr 27, 2020
Banks submitting 5,000 or more applications can upload one document. Banks submitting fewer have to enter information manually.
Small banks across the country reported technical problems submitting loans to the Small Business Administration.
Angela Weiss/AFP via Getty Images
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COVID-19

Upper Midwest, Great Plains states have fared best in SBA emergency loan program

by Justin Ho
Apr 23, 2020
As Congress weighs a new round of funding, data reveal that the upper Midwest and Great Plains regions benefited the most from the first round of PPP funding.
With the coronavirus closing many businesses, the Paycheck Protection Program saved millions of jobs that would have been lost, according to MIT research.
Justin Sullivan/Getty Images
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Check Your Balance ™️

I can't afford rent for my small business because of COVID-19. What can I do?

by Samantha Fields
Apr 1, 2020
Check your lease, call your landlord, and get ready to apply to the new federal Paycheck Protection Program.
Many restaurants and businesses are grappling with whether and how to pay rent.
Al Bello/Getty Images
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