Paycheck Protection Program

From February 24 through March 9, only loan applications from businesses with less than 20 employees will be accepted. The goal is to give mom and pops, like those run by women, people of color and even non-citizens, who haven’t established a lending relationship with a bank, a chance to go to the front of the line.

President Joe Biden held a press conference detailing a plan for rolling out a Paycheck Protection Program designed to help small businesses trying to stay afloat through the pandemic. Only companies with fewer than 20 employees can apply for the forgivable loans under the revamp. Meanwhile, Biden’s pick for Attorney General, Merrick Garland, faces a two-day confirmation hearing in front...

President Joe Biden is targeting more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. The administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees can apply for forgivable loans under the Paycheck Protection Program.

With a new administration in Washington, there will be a new approach to hundreds of federal programs and how they impact people. Top of the list for many?  The third round of the Payroll Protection Program. A number of smaller, minority owned businesses struggled during the pandemic despite a massive, multi-billion dollar Paycheck Protection Program (PPP) designed to help...

Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications

Relief appears to be on the way for small businesses concerned about getting taxed on their Paycheck Protection Program (PPP) loans. NBC Connecticut Investigates told you earlier this month about a surprise many businesses were discovering just as they started closing out their books for the year. Chris Goslin struggled for weeks to get a PPP loan for her Groton…

The U.S. Secret Service seized more than $8 million from accounts linked to ASLAN International Ministry, which got PPP funds.

The coronavirus pandemic has been incredibly damaging for the restaurant industry in the United States: The National Restaurant Association estimates that at least 17% of the country’s food service establishments have already shuttered, with 10,000 restaurants having closed their doors in just the past three months.

A number of organizations, schools and businesses with either a history of anti-LGBTQ advocacy or policies that explicitly discriminate against lesbian, gay, bisexual, transgender and queer individuals have received millions in pandemic relief funding, according to an NBC News analysis of data released last week by the Small Business Administration. The Paycheck Protection Program (PPP) — which was intended to help…

A Paycheck Protection Program loan for nearly $1.2 million issued to an organic farm operator allegedly located in western Maine has raised suspicion after a massive disclosure of federal records about the small business relief program. According to records released by the U.S. Small Business Administration, Common Ground Organic Farm LLC, based in Bridgton, received the loan. The records show…

Fourteen organizations designated as hate groups by the Southern Poverty Law Center or the Anti-Defamation League have received funding from the Paycheck Protection Program totaling nearly $4.5 million, according to data released last week by the Small Business Administration revealing who benefited from the pandemic federal relief funds.

Groton salon owner Chris Goslin said she struggled to get a Paycheck Protection Program loan. She said looking back at it now, she never would have taken one if she knew about the tax consequences. It’s a nasty surprise for some business owners. When we last spoke with Goslin in April, she was battling to get a small forgivable Paycheck...

Some business owners say they regret accepting Paycheck Protection Program loands because of the tax consequences.

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