Paycheck Protection Program

Are you a business owner looking for help to get through the coronavirus pandemic? Ami Kassar, the CEO of MultiFunding and a small business advocate, breaks down what you need to know about the Main Street Lending Program and the Paycheck Protection Program.

The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid

The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.

Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.

Billions of dollars offered by Congress as a lifeline to small businesses in the pandemic are about to be left on the table when a key government program stops accepting loan applications

Relief will soon come for the 56,000-plus Connecticut business owners who have taken advantage of the federal Paycheck Protection Program designed to help during the coronavirus pandemic. Penny Lane Pub co-owner Alex Foulkes said he is back up and running after a long shutdown thanks to the novel coronavirus, but it’s far from full speed with numerous social distancing...

More relief is on the way for thousands of Connecticut business owners who have taken advantage of the federal paycheck protection program in the form of easing loan terms

Not all of the stimulus money headed to our state has arrived

A Hollywood aviation management company is sharing the benefits of a taxpayer-financed loan with its private jet-owning clients after it won the loan through the federal Paycheck Protection Program, according to three clients and a copy of a letter announcing the plan.

With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance.

Signs have been emerging that the second round of the Paycheck Protection Program trying to help small businesses through coronavirus has been reaching those who applied for it. The first round ran out of its $349 billion in just two weeks in April, with many small business owners complaining they were left behind. A recent CNBC survey showed only half...

The second round of the Paycheck Protection Program could be working better than the first round, which ran out of funds within two weeks

Two men lied about their businesses in loan applications under the new Paycheck Protection Program, federal prosecutors announced Tuesday, saying they are the first to be charged with fraud in connection with the multibillion-dollar loan initiative in the United States. The two men were been charged in Rhode Island with filing fraudulent bank loan applications seeking $438,000 from the Small…

A Connecticut small business owner says she’s still waiting to see if she’ll get any help from the slightly revamped, second round of the multi-billion-dollar federal Paycheck Protection Program, part of the Cares Act passed by Congress and the president to help small businesses impacted by the coronavirus pandemic. For seven years, Gisele Tyler has run a successful eyelash...

Small businesses continue to ask if they will be shut out of the program.

The Los Angeles Lakers qualified for and received approximately $4.6 million from the government’s Paycheck Protection Program, which was established to provide relief to small businesses suffering during the coronavirus pandemic. The Lakers eventually returned the money, according to NBC News.

Congress is expected to pass a second installment of the Paycheck Protection Program, or PPP. It has been designed to help small businesses keep workers paid, and the economy going, during the coronavirus pandemic. You may have heard about the high-end restaurant chain with 5000 employees that got a $20 million loan from the PPP.  While some have called this an…

Congress is expected to approve a second installment of the paycheck protection program but some small businesses are concerned they won’t get the help they need from it

A $484 billion bill, earmarked for small businesses shut down by the coronavirus, is headed for the House after the Senate passed it on Tuesday. It includes items that Democratic lawmakers insisted on adding, including $75 billion for hospitals and another $25 billion to support expanded testing efforts. President Trump is expected to sign it by the end of the...

An Associated Press investigation has found that a relief fund Congress created to protect small businesses amid the coronavirus crisis has helped companies with thousands of employees, past regulatory run-ins and risks of financial failure even before the economy got walloped