| 单词 | PPP |
| 例句 | Luther notes out that statistics like those from PPP fit dominant narratives about the South – people just read the information as “crazy Southerners doing crazy Southern things.” Zombie state 2012-06-08T14:45:00Z He thanked Collins for the PPP loan that had kept his business afloat in the spring, and he handed her boxes upon boxes of doughnuts as well as a beer. Last stand of the Republican moderate 2020-11-01T04:00:00Z “No revenue,” he said, “and because we were in bankruptcy, we weren’t eligible for federal assistance under PPP,” the federal paycheck protection program. Proceeds From Rare Treasures Sold at Auction Help Steady Jewish History Museum 2021-12-02T05:00:00Z Mistakes in the distribution of PPP loans is not unique to Freeman’s shop. Michigan ice cream shop owner denies getting millions in PPP money, calls it 'a grave error' 2020-07-09T04:00:00Z A new PPP survey reveals that Republicans are afflicted most, with 44 percent now favoring installing Christianity as the United States’ official religion. They really want a theocracy: The GOP candidates who want to make you bow to their lord 2015-10-25T04:00:00Z “A lot of organizations are jumping in, doing online content, getting PPP loans, getting extra gifts,” he says. Arts groups in distress call on a former Kennedy Center president for help 2020-05-27T04:00:00Z On Tuesday, the Senate voted to pass another stimulus package which would provide more than $300 billion to further fund the PPP. Petition urges Ruth's Chris Steak House to return $20 million in coronavirus relief loans 2020-04-22T04:00:00Z Remember, the PPP survey deals not with the simple spread of faith, but with the desire of one part of the population to force its antiquated way of life and counterfactual worldview on the other. They really want a theocracy: The GOP candidates who want to make you bow to their lord 2015-10-25T04:00:00Z Those also included charges of bank fraud and making false statements to a financial institution involving a loan application for the Paycheck Protection Program, or PPP. Official: Reality TV star sentenced for Ponzi scheme, fraud 2021-09-15T04:00:00Z And he applied for PPP and disaster loans. The movie business may be struggling, but you wouldn’t know it at these thriving independent theaters 2021-10-19T04:00:00Z A few months ago, PPP managed to grab the news cycle with a December press release which revealed that 54 percent of Republicans supported Trump’s proposed Muslim ban. Stop poll-shaming Trump voters: Mocking survey results won’t change minds—or the election 2016-03-01T05:00:00Z One Gideon ad misleadingly suggested that Collins made sure her campaign donors would benefit from the PPP while most of Maine small businesses went unsupported. Last stand of the Republican moderate 2020-11-01T04:00:00Z The Small Business Administration’s PPP loan program, which is currently not accepting new applications, was designed to help small businesses stay afloat and keep workers employed amid the ongoing coronavirus health crisis. Petition urges Ruth's Chris Steak House to return $20 million in coronavirus relief loans 2020-04-22T04:00:00Z Moving forward, Menor-McNamara voiced hopes that lawmakers will expand PPP criteria to potentially save such small businesses, amid an uncertain future. 'Dire' impact of coronavirus forces legendary Love's Bakery of Hawaii to close 2021-03-22T04:00:00Z Many of them are nonprofits, meaning they could not only take advantage of government programs such as the PPP loans and the Shuttered Venue Operators Grant, but they could fundraise from foundations and individuals. The movie business may be struggling, but you wouldn’t know it at these thriving independent theaters 2021-10-19T04:00:00Z The problem, Luther says, is the relative simplicity with which the media often covers issues like the PPP polls from Mississippi and Alabama. Zombie state 2012-06-08T14:45:00Z “We wouldn’t be here today without PPP loans,” said Diane Couture, the manager who’s been there 31 years, as Collins came in. Last stand of the Republican moderate 2020-11-01T04:00:00Z The congressional program known as PPP was intended to help establishments around the country survive the closures and lack of business caused by COVID-19 shutdowns by assisting with expenses and payroll. Michigan ice cream shop owner denies getting millions in PPP money, calls it 'a grave error' 2020-07-09T04:00:00Z With the incoming second round of PPP, we're able to return all staff to full salary again, which we're grateful for. Is there a light at the end of the COVID tunnel for New York's restaurants? 2021-04-27T04:00:00Z A PPP loan was also essential in helping us stay afloat and pay the staff. Is there a light at the end of the COVID tunnel for New York's restaurants? 2021-04-27T04:00:00Z It requires one to know the difference between PPE and PPP, not to mention lots of other inscrutable topics, “which is very challenging to understand if you’re not an accountant and just a restaurant owner.” Thanks, coronavirus. Will Seattle’s tourist-dependent businesses survive the lost summer season of 2020? 2020-06-25T04:00:00Z Fayne denied in an interview with federal officials that he misused the PPP money, according to the news release. Atlanta reality TV star charged with misusing relief funds 2020-06-24T04:00:00Z The 10% expenditure threshold will now be replaced with government authorities' review of each PPP project, they said. Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise, sources say 2023-11-14T05:00:00Z The PPP and another small business loan program were both hit hard, as were expanded unemployment benefits. IRS shuts down pandemic tax credit after being overrun with fraud 2023-09-14T04:00:00Z Enacted between March 2020 and May 2021, PPP allowed small businesses hit hard by the pandemic to apply for low-interest private loans to cover payroll and other costs. Covid fraudster used pandemic rescue funds to buy alpaca farm 2023-08-31T04:00:00Z The lawmakers called foul on the PPP disbursements, saying that Planned Parenthood had “knowingly provided false information” in applications to the Small Business Administration. GOP lawmakers call for investigation into Planned Parenthood COVID-19 relief money 2023-08-03T04:00:00Z “Ran by a woman who also took a PPP Loan for her business and then decided to vote against student loan forgiveness.” For One Democrat, the Price of Bucking Her Party Is a Flood of Bad Reviews 2023-07-22T04:00:00Z Since 2014, Beijing has promoted a PPP model to channel private money into public infrastructure projects, to increase capital investment while easing the burden on heavily-indebted local governments. Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise, sources say 2023-11-14T05:00:00Z On June 29, 2020, Harris and an unnamed associate submitted a PPP application for a loan, falsely claiming that Oregen had 10 employees and a payroll of over $50,000 monthly. Former Miami-Dade police officer pleads guilty to over $285,000 in COVID-19 loan fraud 2023-07-04T04:00:00Z The inspector general’s report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.” The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says 2023-06-27T04:00:00Z The Inspector General for the SBA concluded after an investigation that Planned Parenthood met the PPP loan requirements. GOP lawmakers call for investigation into Planned Parenthood COVID-19 relief money 2023-08-03T04:00:00Z This caused the SBA and a PPP lender to approve and fund 11 disaster loans and six PPP loans, totaling about $2.14 million, prosecutors said. Florida couple charged with more than $2M in COVID-19 relief fraud 2023-06-16T04:00:00Z The State Council document said that the oversight for PPP projects, such as vetting return-on-investment assessments and fiscal stress testing, will shift from the finance ministry to the NDRC, according to the sources. Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise, sources say 2023-11-14T05:00:00Z Using the PPP funds, Magee paid for personal expenses, home repairs, cars, and cryptocurrency investments. Pair of Northern Virginia men plead guilty to $7 million COVID-19 relief fraud scheme 2023-05-26T04:00:00Z Some of the suspicion stems from a related decision the SBA made with PPP, its other pandemic loan initiative. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z “We call it the new PPP,” says Rines, short for “Pepsi Pricing Power.” How ‘excuseflation’ is keeping prices — and corporate profits — high 2023-03-10T05:00:00Z Others are planning to spread the cost of paying back PPP/PFI debts, for things like school buildings, over a longer period of time. The tricky decisions facing cash-strapped councils 2023-02-08T05:00:00Z The move comes after numerous local governments' PPP expenditure hit the upper limit of the threshold in recent years. Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise, sources say 2023-11-14T05:00:00Z An Irvine man went on a luxury spending spree with fraudulently obtained PPP loans, buying himself luxury cars and designer swag, and landing himself in prison, federal prosecutors announced Friday. Rolls-Royce, Porsche, Cartier: How an Irvine man spent PPP loans and went to prison 2023-02-04T05:00:00Z In 2022, the agency moved to end collections on $1.1 billion in PPP loans that had been 60 days or more past due, according to the inspector general. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z “They want them working on things to lower the cost of living and everything. For all my colleagues who are worried about socialism, maybe you should give back the PPP loan that you took out.” Anti-socialism resolution puts House Democrats on the spot 2023-02-01T05:00:00Z The suspected wave of grift targeted two of the government’s most generous emergency initiatives: the Paycheck Protection Program, known as PPP, and the Economic Injury Disaster Loan, dubbed EIDL. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z But the PPP boom has alarmed authorities who say some local governments have used public-private partnerships, government investment funds and government procurement services as "disguised channels" for raising debt. Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise, sources say 2023-11-14T05:00:00Z “We know there are hundreds of billions of dollars that were wasted in the unemployment insurance extensions and the stimulus funds and the PPP loan funds,” Mr. Comer told Fox News this week. House GOP launches new panel to probe virus origins, fraud in relief programs 2023-01-10T05:00:00Z The inspector general questioned that move and faulted the SBA for its analysis, which concluded it would cost the government too much to collect on those PPP debts. Federal officials fear U.S. won’t pursue some with overdue covid loans 2023-04-03T04:00:00Z We released a report this month finding that billions in taxpayer-funded PPP processing fees went to unvetted financial technology companies that failed to implement effective fraud controls. Opinion | James E. Clyburn: Democrats have been focused on coronavirus spending oversight 2022-12-14T05:00:00Z “I don’t think history will be kind to the PPP loan program,” Comer said at an event hosted by the National Press Club. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z A portion of the $12.6 trillion local government debt is linked to the PPP projects, as municipalities used these infrastructure-building initiatives as a conduit to raise capital. Exclusive: China orders local governments to cut exposure to public-private projects as debt risks rise, sources say 2023-11-14T05:00:00Z Prosecutors said the pair submitted a fake application for Shaw’s business to a bank participating in the PPP program. 2 business owners charged with defrauding pandemic program 2022-12-12T05:00:00Z Viewers will appreciate the director spending 12 minutes reflecting on his masterpiece and the franchise, and then Mr. Sonnenfeld affording 20 minutes to talk with production designer Bo Welch about the film’s fun designs PPP. Blu-ray and 4K UHD gift ideas for movie fans 2022-12-04T05:00:00Z The financial technology firms reviewed PPP applications for lenders, which would ultimately distribute PPP money to businesses. House panel says lax screening helped facilitate PPP fraud 2022-12-01T05:00:00Z Adding to the challenge, the SBA has granted full or partial forgiveness to more than 93 percent of its PPP recipients. $5.4 billion in covid aid may have gone to firms using suspect Social Security numbers 2023-01-30T05:00:00Z The Seattle Times spoke to Seattle JazzED, National Nordic Museum and Seattle Theatre Group — three organizations of varying types, budgets and sizes of PPP loans. How 3 Seattle arts groups are moving forward without PPP funds 2022-11-10T05:00:00Z She has already spent the PPP money she received during the pandemic. Black-owned small businesses hit harder by inflation, reports show 2022-11-02T04:00:00Z It’s too soon to say how a 2020 Chinese biosafety law will affect PPP research, they say. U.S. weighs crackdown on experiments that could make viruses more dangerous 2022-10-18T04:00:00Z The report said two start-ups, Blueacorn PPP and Womply Inc. — which reviewed one in every three funded PPP loans in 2021 — were connected to significant percentages of PPP loan applications with indicators of fraud. House panel says lax screening helped facilitate PPP fraud 2022-12-01T05:00:00Z “We determined that the Planned Parenthood organization met PPP loan eligibility requirements,” Hannibal “Mike” Ware, the inspector general, concluded. Planned Parenthood was entitled to pandemic loans: inspector general 2022-09-26T04:00:00Z Though these organizations differ, they share common struggles: A lack of PPP funding has left a large hole in their revenue, but 2022 ticket sales or enrollment numbers generally still aren’t what they were pre-pandemic. How 3 Seattle arts groups are moving forward without PPP funds 2022-11-10T05:00:00Z Evans said some of the defendants were in custody and used jail phones “to complete the fraudulent PPP loan process.” Police: Inmates got out of Illinois jail with pandemic loans 2022-09-22T04:00:00Z The government is still working up estimates for how much PPP money went to fraudsters, though early guesses run to a minimum in the tens of billions of dollars. IRS warns pandemic fraudsters they owe taxes on ill-gotten gains 2022-09-21T04:00:00Z The firms “took billions in fees from taxpayers while becoming easy targets for those who sought to defraud the PPP.” House panel says lax screening helped facilitate PPP fraud 2022-12-01T05:00:00Z Indeed, Planned Parenthood’s national group appeared to agree, warning that the March 2020 law that created the PPP seemed aimed at denying the organization’s chapters any loans. Planned Parenthood was entitled to pandemic loans: inspector general 2022-09-26T04:00:00Z And with the help of $747,000 in PPP loans, virtual programming — from book talks to digital photography exhibits — has helped the museum continue to grow its community, now with a multinational audience. How 3 Seattle arts groups are moving forward without PPP funds 2022-11-10T05:00:00Z “Some of the targets bonded out on their felony cases days after receiving their fraudulent PPP loan,” he said Wednesday at a news conference. Police: Inmates got out of Illinois jail with pandemic loans 2022-09-22T04:00:00Z Her restaurant became ineligible for a second round of PPP loans because of increased revenue. Boost in support for Black-owned restaurants short-lived, UW study finds 2022-09-03T04:00:00Z It said Womply’s software became a preferred product for criminal enterprises seeking to defraud the government of PPP loans. House panel says lax screening helped facilitate PPP fraud 2022-12-01T05:00:00Z The PPP was part of Congress’s attempt to bolster the economy amid the pandemic’s early shutdowns. Planned Parenthood was entitled to pandemic loans: inspector general 2022-09-26T04:00:00Z It was government support, in the form of PPP loans, that initially helped STG get through the first few years of the pandemic. How 3 Seattle arts groups are moving forward without PPP funds 2022-11-10T05:00:00Z The PPP, they observe, was enacted specifically as a bulwark against a pandemic-related economic crash. Column: GOP ratchets up the hypocrisy in opposing Biden's student debt plan 2022-08-29T04:00:00Z The official Twitter account for the White House responded on Thursday, noting that the congresswoman "had $183,504 in PPP loans forgiven." Marjorie Taylor Greene tells Biden to "go to hell" 2022-08-27T04:00:00Z The firm also received over $5 million in PPP loans for itself, which the Small Business Administration later determined it was ineligible to receive. House panel says lax screening helped facilitate PPP fraud 2022-12-01T05:00:00Z Though the government is still trying to come up with a good estimate for how much money was actually stolen, early conservative estimates for the PPP put the fraud figure at about 10%. Secret Service recaptures $2.3 billion in bogus pandemic benefits 2022-08-26T04:00:00Z PPP helped STG chart a path forward in the first few pandemic years, but the next few are less clear. How 3 Seattle arts groups are moving forward without PPP funds 2022-11-10T05:00:00Z The defenders also argue that PPP was designed for an urgent public purpose. Column: GOP ratchets up the hypocrisy in opposing Biden's student debt plan 2022-08-29T04:00:00Z Republicans who supported the PPP program at the onset of the pandemic in 2020 say the trolling is misguided. White House gets personal in rejecting student-debt plan criticism 2022-08-26T04:00:00Z Greene, the White House noted, had over $180,000 in PPP loans forgiven for her family's construction business. Biden White House pulls a "this you" tweet on Marjorie Taylor Greene's past PPP loan 2022-08-25T04:00:00Z A 39-year-old immigrant from Pakistan pleaded guilty in California this month to collecting more than $6.6 million in bogus PPP loans. Secret Service recaptures $2.3 billion in bogus pandemic benefits 2022-08-26T04:00:00Z Table 12.16 shows the GDP PPP of Cuba as compared to US dollars. Introductory Statistics 2013-09-19T00:00:00Z Blankenship had already gotten a $750,000 PPP loan for his RV sales business, so he wasn’t eligible for another loan through the program at that time, according to a court document. ‘Brazen cash grab.’ Kentucky man sentenced over $1.3 million in fraudulent COVID loans 2022-07-08T04:00:00Z He said the PPP program that he promoted, meanwhile, was used as an emergency tool and “structured deliberately” as a forgivable loan, with the key condition that 80% of the funds go to payroll. White House gets personal in rejecting student-debt plan criticism 2022-08-26T04:00:00Z Earlier this month, President Biden signed a pair of bills that gives the Justice Department more time to investigate and prosecute people accused of fraudulently collecting PPP loans. Biden White House pulls a "this you" tweet on Marjorie Taylor Greene's past PPP loan 2022-08-25T04:00:00Z PPP candidates also won five of the seven parliamentary seats up for grabs, representing a gain for it of one seat in the opposition-controlled assembly. South Korea's ruling party cements presidential win with local vote success 2022-06-02T04:00:00Z Lee is running for the Incheon seat, facing a new rival who secured robust support from the PPP. S.Korea holds key election for city, province chiefs in early test for Yoon 2022-06-01T04:00:00Z “While some small businesses saw a financial lifeline in these PPP loans, the defendant saw criminal opportunity.” ‘Brazen cash grab.’ Kentucky man sentenced over $1.3 million in fraudulent COVID loans 2022-07-08T04:00:00Z The program, known as PPP, was designed to help companies keep their doors open during the early days of the pandemic shutdowns. Feds make first-ever extradition for COVID fraud, accuse former “ER” actor of $7M scam 2022-05-04T04:00:00Z Actually, the truly insane thing would have been to lard up PPP with a lot of anti-fraud checks during an unprecedented crisis. Opinion | Billions were stolen from the Paycheck Protection Program. It was a huge success anyway. 2022-03-29T04:00:00Z Unlike other types of loans, PPP loans are tax-exempt whether or not they were forgiven. Small businesses face tax headaches on top of pandemic woes 2022-03-25T04:00:00Z Polls showed both races were within the margins of error, while the incumbent Seoul mayor from the PPP is expected to retain the job. S.Korea holds key election for city, province chiefs in early test for Yoon 2022-06-01T04:00:00Z Blankenship ultimately sold his business and paid off the $1.3 million in PPP loans and the liens on customers’ vehicles, according to the memo. ‘Brazen cash grab.’ Kentucky man sentenced over $1.3 million in fraudulent COVID loans 2022-07-08T04:00:00Z The PPP program, run by the Small Business Administration, is just one of several pandemic assistance efforts beset by fraud. Feds make first-ever extradition for COVID fraud, accuse former “ER” actor of $7M scam 2022-05-04T04:00:00Z Recall the spring of 2020, when PPP was passed: Social distancing was eliminating demand for whole categories of goods and services, from work clothes to hotel stays. Opinion | Billions were stolen from the Paycheck Protection Program. It was a huge success anyway. 2022-03-29T04:00:00Z Cho Eun-hee, a newly elected female PPP lawmaker, is among those calling for the Ministry of Gender Equality & Family's mandate to be boosted, via the creation of a new agency if necessary. South Korea president-elect's pledge to shutter gender ministry stirs debate 2022-03-18T04:00:00Z “I’ve delivered hundreds of millions of dollars to this district, for disaster relief, tax credits, PPP loans, beachfront renourishment, roads,” Rice said in an interview. Crossing Trump: 2 S.C. Republicans take different approaches 2022-03-11T05:00:00Z Those companies didn’t have any employees, but Blankenship claimed they did and used them to apply for four loans under the Paycheck Protection Program, or PPP. ‘Brazen cash grab.’ Kentucky man sentenced over $1.3 million in fraudulent COVID loans 2022-07-08T04:00:00Z Abidemi Rufai also stole money from the Economic Injury Disaster Loans program, which like the PPP was run by the SBA. Feds make first-ever extradition for COVID fraud, accuse former “ER” actor of $7M scam 2022-05-04T04:00:00Z Those sorts of issues would have multiplied any paperwork-induced lags with the PPP. Opinion | Billions were stolen from the Paycheck Protection Program. It was a huge success anyway. 2022-03-29T04:00:00Z When the Trump administration unveiled PPP in 2020, the full impacts from the pandemic were just beginning to be felt in the economy. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z I know that the first run of PPP, if you were a Black-owned business, your ability to secure those loans was almost negligible. How Stacey Abrams Thinks About Business 2022-03-04T05:00:00Z When the pandemic hit, Congress created the PPP to pump money out to small businesses to keep them afloat amid government-ordered business shutdowns. Feds nab financier accused of netting $71 million in coronavirus loan fees 2022-03-01T05:00:00Z With PPP, for instance, a report last January from the SBA inspector general found roughly 55,000 PPP loans worth more than $7 billion had gone to “potentially ineligible businesses.” ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z If your business received a loan through the Paycheck Protection Program, or PPP, and you qualified for forgiveness, the IRS generally doesn’t consider the money part of your gross income. 7 ways small-business owners can save on taxes in 2022 2022-02-11T05:00:00Z As a result of the changes, PPP issued about 2 million loans last year to businesses in low- to moderate-income communities, a 67% increase from a year earlier, according to figures provided by administration officials. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z “PPP saved us, and we wouldn’t be here without that bank.” Community banks, community support | Provided by 1st Security Bank 2022-02-10T05:00:00Z Under the PPP, more than $800 billion was sent from the SBA to lenders, who then approved businesses’ applications and disbursed the money. Feds nab financier accused of netting $71 million in coronavirus loan fees 2022-03-01T05:00:00Z Just this month, a federal court in Rhode Island sentenced two locals in Warwick after they tried to deceive the SBA over roughly $500,000 in PPP loans. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z State-level tax rules may have a different stance on PPP taxability, however, so be sure to consult with a qualified tax pro. 7 ways small-business owners can save on taxes in 2022 2022-02-11T05:00:00Z Because the administration was targeting more companies — including those in which the owner was the only employee — the average size of a PPP loan decreased. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z The PPP’s Mr. Yoon also expressed sympathy for the disqualified South Koreans, but added he should not be discussing relations with a particular country because of the incident in the middle of a campaign. Olympic controversy inflames debate in South Korea over China ties 2022-02-09T05:00:00Z Unlike PPP loans, the RRF money could be used for more than labor costs. D.C. bar that broke vaccine rules closed for health violations 2022-02-02T05:00:00Z The vast scope of malicious activity has led some experts outside Washington to estimate that the extent of PPP fraud is far greater than what the U.S. government acknowledges. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z "The defendant reinstated the business on June 22, 2020, in order to obtain the PPP loan. The business had no employees and virtually no income," the prosecutor wrote in court documents. COVID-19 relief fraud puts former Florida mayor's daughter behind bars 2022-02-01T05:00:00Z It could be that the changes by Biden did make PPP more equitable, but the proof won’t come until tax receipts roll in over the next few years, he said. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z “For the PPP’s Yoon, who has already been using anti-China sentiment in his campaigning, this could offer a good opportunity to win more support from voters,” the analyst said. Olympic controversy inflames debate in South Korea over China ties 2022-02-09T05:00:00Z “The defendant reinstated the business on June 22, 2020, in order to obtain the PPP loan. The business had no employees and virtually no income,” the prosecutor wrote in court documents. Former Florida mayor’s daughter sentenced for COVID fraud 2022-02-01T05:00:00Z In January, the Government Accountability Office estimated that the SBA had already fully extended forgiveness to about $550 billion in loans made under the generous PPP rules that Congress created. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z PPP loans of some $290,000 were also key to maintaining employees on the payroll and offsetting lost revenue from renting out space and other services. At many churches, pandemic hits collection plates, budgets 2022-01-16T05:00:00Z “It’s not that PPP did nothing; it was a life saver for some small businesses and their creditors. It was also an astoundingly large handout from future generations of U.S. taxpayers ” to some profitable companies. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z The Pandemic Response Accountability Committee brings together agents from its 22 member inspectors general to investigate fraud involving a variety of programs, including the PPP. White House downplays Secret Service estimate of COVID fraud 2021-12-22T05:00:00Z After that, they immediately began working to obtain larger PPP loans for themselves and their associates, the documents added. 2 Florida men guilty of running $35M COVID-19 fraud scheme 2021-12-16T05:00:00Z And still another report, issued this January by the PRAC, raised the possibility that another recent SBA program targeting restaurants may suffer from the same problems that had plagued PPP. ‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending 2022-02-17T05:00:00Z The predominantly Black church received a PPP loan of more than $55,000, but that barely made a dent in expenses. At many churches, pandemic hits collection plates, budgets 2022-01-16T05:00:00Z However, an outside study suggests that the program — commonly known as PPP — was troublingly expensive per job saved and the payments mostly benefitted business owners who were best prepared to weather the pandemic. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z The DOJ says the defendants originally sought even more than the jackpot they collected, having solicited over $35 million in PPP loans. Texas men charged in massive $35 million COVID-19 relief loan fraud 2021-12-16T05:00:00Z Stote and Augustin recruited additional PPP loan applicants and prepared and submitted fraudulent loan applications for them in exchange for a share of the loan proceeds, prosecutors said. 2 Florida men guilty of running $35M COVID-19 fraud scheme 2021-12-16T05:00:00Z As part of the same scheme, a South Florida woman was sentenced Thursday to two years in federal prison for fraudulently obtaining a PPP loan. Ex-NFL player Bellamy gets 3 years for COVID relief fraud 2021-12-13T05:00:00Z The Justice Department has charged more than 150 defendants with PPP fraud and seized back more than $75 million that was illegally obtained, officials said. A Texas man hit the strip club and bought a Lamborghini with COVID aid. Now he’s headed to prison 2021-11-30T05:00:00Z The conflicting views of PPP are part of a broader debate over how to help an economy in crisis. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z “The only reason we’re still around is because of the PPP program.” Fill a room with trampolines and hope for the best? The up-and-down story of trampoline parks 2021-11-16T05:00:00Z Even with a first round of PPP funding to keep their staff paid, the owners couldn’t sustain their broader operations costs. Koreatown's Here's Looking at You announces a surprising return 2021-11-12T05:00:00Z Fears of a pandemic led to a government shutdown; the big pilgrimage to Aachen was canceled; PPP loans would not be invented for almost 600 years. Opinion | Mark Zuckerberg, meet Johannes Gutenberg 2021-11-09T05:00:00Z In March, a Texas man pleaded guilty to obtaining $17 million via fraudulent PPP applications and using the money to buy eight homes and a fleet of cars that included a Bentley convertible. A Texas man hit the strip club and bought a Lamborghini with COVID aid. Now he’s headed to prison 2021-11-30T05:00:00Z When MIT economist David Autor analyzed PPP with other economists, he saw a tool that was too blunt. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z When a second round of PPP funding was made available, I hired one staff member and offered a quality summer program. Opinion | Virginia parents need paid leave 2021-10-29T04:00:00Z The first person to be charged with fraudulently seeking PPP loans was recently sentenced to 56 months in prison, following a nationwide search after the man faked his death. A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card 2021-10-24T04:00:00Z The PPP concluded on May 31, but as businesses forge ahead in the recovery process, they may find a continued need for affordable financing. PPP is gone, but government help for small businesses isn’t 2021-10-21T04:00:00Z About a month later, prosecutors charged a Vermont man with obtaining about $660,000 through fraudulent PPP applications and using some of the money to purchase an alpaca farm. A Texas man hit the strip club and bought a Lamborghini with COVID aid. Now he’s headed to prison 2021-11-30T05:00:00Z By changing the PPP program’s guidelines, the Biden administration was trying to prevent the pandemic from further widening the country’s racial wealth gap. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z They also were five times more likely to not receive any of the PPP funding they had requested, compared with White-owned businesses. Racial bias affected Black-owned small businesses seeking pandemic relief loans, study finds 2021-10-15T04:00:00Z Even public companies with massive cash reserves – like Ruth's Chris, Shake Shack, and AutoNation – took in PPP loans, casting doubt over the program's ability to fairly distribute aid. GOP congressmen reap millions in federal loans for personal car dealerships 2021-09-25T04:00:00Z Over 11 million PPP loans were approved, and as of Oct. PPP is gone, but government help for small businesses isn’t 2021-10-21T04:00:00Z Beginning in May 2020, Price used limited liability companies to submit PPP applications to various banks and lenders around the country, which were then in charge of approving and administering the loans. A Texas man hit the strip club and bought a Lamborghini with COVID aid. Now he’s headed to prison 2021-11-30T05:00:00Z It set up a 14-day period in February 2021 when only companies with fewer than 20 employees could apply for PPP loans. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z While 79 percent of White-owned firms received all of the PPP funding they sought, only 43 percent of Black-owned firms did, the report found. Racial bias affected Black-owned small businesses seeking pandemic relief loans, study finds 2021-10-15T04:00:00Z A spokesperson for his office told the Inquirer that Kelly is "not involved in the day-to-day operations of his auto dealerships and was not part of the discussions between the business and the PPP lender." GOP congressmen reap millions in federal loans for personal car dealerships 2021-09-25T04:00:00Z But it will ensure you can put money you already have toward expenses rather than PPP loan payments. PPP is gone, but government help for small businesses isn’t 2021-10-21T04:00:00Z Take Huntington Beach, where a June 2020 anti-masking "Freedom March" drew international media coverage and where one defiant restaurant owner refused to serve masked customers — while reportedly seeking PPP funds. "Gavin don't surf": The California recall election, on the ground in Orange County 2021-09-09T04:00:00Z It changed how PPP loans were calculated so that sole proprietors, independent contractors and self-employed people could receive funding equal to their needs. Two years into COVID, was $800B payroll aid plan worth it? 2022-03-09T05:00:00Z But the NYU study found that even when controlling for those variables, Black-owned businesses were still more likely to get a PPP loan from a fintech than from a small bank. Racial bias affected Black-owned small businesses seeking pandemic relief loans, study finds 2021-10-15T04:00:00Z Other lawmakers who benefited from the PPP program include Reps. GOP congressmen reap millions in federal loans for personal car dealerships 2021-09-25T04:00:00Z If you received a PPP loan, you have until the loan’s maturity date to apply for forgiveness. PPP is gone, but government help for small businesses isn’t 2021-10-21T04:00:00Z The move to a direct forgiveness portal is a significant departure from how PPP was designed. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z The move to a direct forgiveness portal represents a significant departure from how PPP was designed. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z In February, the Biden administration changed PPP rules to try to better serve small, vulnerable businesses. Racial bias affected Black-owned small businesses seeking pandemic relief loans, study finds 2021-10-15T04:00:00Z According to a Politico report from last year, Congress mandated no specific disclosure rules around PPP loans for its own members. GOP congressmen reap millions in federal loans for personal car dealerships 2021-09-25T04:00:00Z "I hope that I'm not sitting here in the next pandemic hoping for another PPP," she said. U.S. Senate panel hears from Chubb, others on insuring pandemic risk 2021-07-22T04:00:00Z The PPP provided a windfall for banks, especially smaller ones. SBA will directly handle PPP loan forgiveness so banks don’t have to 2021-07-29T04:00:00Z Financing conditions for small businesses were little changed, with supply of small business loans remaining tight and demand still subdued outside of the PPP. Minutes of Federal Reserve June 15-16 policy meeting 2021-07-07T04:00:00Z His firm received two PPP loans, he said, one from a fintech and one from a traditional bank. Racial bias affected Black-owned small businesses seeking pandemic relief loans, study finds 2021-10-15T04:00:00Z "However, the general lack of disclosure of most recipients of PPP funds prevents the public from knowing all the lawmakers who benefited from their legislative actions." GOP congressmen reap millions in federal loans for personal car dealerships 2021-09-25T04:00:00Z We got a PPP loan but we didn’t get SVOG, and I don’t know any others who did. L.A.'s beloved Bootleg Theater shutters: 'We couldn't even have one last show' 2021-06-23T04:00:00Z “It was really the PPP loans that saved so many nonprofits,” said Tim Delaney, CEO of the National Council of Nonprofits,. Most nonprofits emerge from pandemic wounded, but still open 2021-06-08T04:00:00Z While small business loan originations rose in April, surpassing pre-pandemic levels, loans made under the PPP likely accounted for a significant portion of that growth. Minutes of Federal Reserve June 15-16 policy meeting 2021-07-07T04:00:00Z Xavier Epps, a financial adviser, said he witnessed firsthand how Black small-business owners were disproportionately affected by the pandemic and when they applied for PPP and other relief programs. Racial bias affected Black-owned small businesses seeking pandemic relief loans, study finds 2021-10-15T04:00:00Z One is the Paycheck Protection Program, or PPP, a federally backed loan system that pays businesses to keep employees on their payrolls. ‘Tip of the iceberg’: Scammers made billions off of pandemic assistance funds 2021-05-31T04:00:00Z Under the PPP, lenders dispensed loans to small businesses hurt by the pandemic. U.S. lawmakers probe Kabbage, BlueVine and partner banks over pandemic loans -letters 2021-05-28T04:00:00Z Cardinali said the PPP program was “really clunky” for nonprofits to tap into because it was designed more for businesses. Most nonprofits emerge from pandemic wounded, but still open 2021-06-08T04:00:00Z These organizations keep tabs on developments — such as the many changes to PPP loans and rules — and send emails with tips, important deadlines and updates, freeing you up to focus on your business. 4 tips for small-business owners paying down pandemic debt 2021-05-27T04:00:00Z A data analysis found businesses received PPP loans at higher rates in majority-white communities than in those in areas with Latino, Black or Asian majorities. How to get your PPP loan forgiven 2021-05-26T04:00:00Z Inventing employees for company rosters is also common for PPP fraud. ‘Tip of the iceberg’: Scammers made billions off of pandemic assistance funds 2021-05-31T04:00:00Z Applications for the final round of PPP loans will be accepted only until May 31 or until the remaining funds are drained, whichever is sooner. It's your last chance at a PPP loan. Here's how to apply 2021-05-25T04:00:00Z Other advocates agreed on the importance of forgivable PPP loans to nonprofits. Most nonprofits emerge from pandemic wounded, but still open 2021-06-08T04:00:00Z The PPP raised the profile of online lenders like PayPal and Square, says Karen Mills, who headed the SBA during the Obama administration and now is a research fellow at Harvard University. Saved by online lenders, businesses say they’ll borrow again 2021-05-25T04:00:00Z For PPP loans issued after June 5, 2020, borrowers are given six months to spend the cash. How to get your PPP loan forgiven 2021-05-26T04:00:00Z In Florida, prosecutors won a judgment in April forfeiting $8.4 million they say a family stole in bogus PPP loans. ‘Tip of the iceberg’: Scammers made billions off of pandemic assistance funds 2021-05-31T04:00:00Z In these final few days, the SBA is offering PPP loans only through participating community financial institutions. It's your last chance at a PPP loan. Here's how to apply 2021-05-25T04:00:00Z “Now organizations must find new revenue to replace the PPP loans.” Most nonprofits emerge from pandemic wounded, but still open 2021-06-08T04:00:00Z The PPP was a teachable moment for the accountants as they saw widely varying performances from all the lenders. Saved by online lenders, businesses say they’ll borrow again 2021-05-25T04:00:00Z Even if the loan amount doesn’t require itemized expense lists, PPP loan recipients should keep receipts and be able to account for every dollar spent, in case the SBA asks for it later. How to get your PPP loan forgiven 2021-05-26T04:00:00Z Also in early May, an Oklahoma man pleaded guilty to false statements to a financial institution in attempting to get a $300,000 PPP loan. PPP loan fraud schemes ran wild as government doled out billions; at least 120 charged 2021-05-24T04:00:00Z Vermont Slauson is also referring clients to partner organizations that are accepting PPP loan applications, she said. It's your last chance at a PPP loan. Here's how to apply 2021-05-25T04:00:00Z One entity categorized as a cattle ranch, "Beefy King," was registered in PPP records to the home address of Joe Mancini, the mayor of Long Beach Township. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z Prosecutors said Qadiri submitted fraudulent PPP loan applications to three banks on behalf of four companies that didn’t actually exist. California man charged with using COVID loans to buy Ferrari 2021-05-10T04:00:00Z A fourth person with direct knowledge of the matter said a number of fintechs were being probed over the PPP tax issues but declined to provide names. EXCLUSIVE U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations -sources 2021-05-08T04:00:00Z For example, in March, a Texas man pleaded guilty to a scheme applying for 15 different PPP loans using 11 different companies to get $24.8 million. PPP loan fraud schemes ran wild as government doled out billions; at least 120 charged 2021-05-24T04:00:00Z PPP loans are designed to be forgiven, so small-business owners who are approved for a loan should try to meet the criteria for forgiveness, Isaac said. It's your last chance at a PPP loan. Here's how to apply 2021-05-25T04:00:00Z In a report on its PPP participation through last August, Kabbage boasted that 75% of all approved applications were processed without human review. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z Florida, for example, considers forgiven PPP loans taxable income for state taxes. A tax guide for small-business owners 2021-05-06T04:00:00Z Reuters reported in November that a handful of federal agencies were scrutinizing lenders over a range of PPP issues, including failing to properly vet borrowers' payroll expense calculations and potentially discriminatory lending policies. EXCLUSIVE U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations -sources 2021-05-08T04:00:00Z But the very first PPP fraud case closed last week. PPP loan fraud schemes ran wild as government doled out billions; at least 120 charged 2021-05-24T04:00:00Z That means spending the PPP money on eligible expenses and keeping documents that verify what those expenses were. It's your last chance at a PPP loan. Here's how to apply 2021-05-25T04:00:00Z One situation in which Kabbage approved a suspicious loan became public in a Florida lawsuit filed by a woman, Latoya Clark, who received more than $1 million in PPP loans to three businesses. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z And California does not allow businesses to deduct expenses paid with forgiven PPP loans on their state taxes . A tax guide for small-business owners 2021-05-06T04:00:00Z “The PPP general fund is closed to new applications.” Paycheck Protection Program runs out of funding 2021-05-04T04:00:00Z She first tried applying for PPP at her bank, Wells Fargo, but found the online process complicated and couldn’t successfully submit an application. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The final cost depends on the percentage of PPP loans that are forgiven based on businesses meeting certain federal requirements. Lawmakers give California businesses tax break on forgiven PPP loans to boost COVID-19 recovery 2021-04-26T04:00:00Z Shortly after the application period for PPP's first round closed on Aug. 8, American Express announced the Kabbage purchase. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z Authorities say that on May 9, Brooks applied for a $1.5 million PPP loan on behalf of Cars Direct and allegedly submitted fraudulent business tax forms supporting his application. D.C. pastor misused $1.5 million in pandemic relief loans, federal prosecutors allege 2021-04-25T04:00:00Z The PPP changes alone would cost several hundred million dollars from state coffers to cover. Ex-House finance chair defends actions over NC tax bill 2021-04-21T04:00:00Z But she said the company was overwhelmed as it reviewed roughly 20,000 PPP requests. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z They said longstanding General Assembly ethics rules generally allow them to participate in legislative action because the bill would apply equally to all PPP loan recipients. Top North Carolina House finance chair stripped of position 2021-04-20T04:00:00Z Searches for PPP applicants that didn't show up in state registration records yielded hundreds in 28 more states, with dense clusters in Florida, Nebraska and Virginia. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z Authorities said Brooks then tried to apply for two additional PPP loans. D.C. pastor misused $1.5 million in pandemic relief loans, federal prosecutors allege 2021-04-25T04:00:00Z “I was trying to do what I thought was right to fix the PPP bill so it would have a semblance of getting through the Senate,” Howard told The Associated Press in a brief interview. Ex-House finance chair defends actions over NC tax bill 2021-04-21T04:00:00Z In the predominantly Asian community of Monterey Park, 32% of businesses received PPP. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The legislation would align more closely North Carolina tax laws with federal rules on proceeds from PPP loans. Top North Carolina House finance chair stripped of position 2021-04-20T04:00:00Z "We did a PPP loan last spring and it's pretty extensive, the documentation," Reifenrath said. Hundreds of PPP loans went to fake farms in absurd places 2021-05-23T04:00:00Z Many operators applied for PPP loans, which came with restrictions. After ArcLight Cinemas' closure, what happens next? 2021-04-16T04:00:00Z Moore and other bill supporters defended their legislative actions to advance the measure, pointing to longtime General Assembly ethics opinions because the bill’s result would apply equally to all PPP loan recipients. Ex-House finance chair defends actions over NC tax bill 2021-04-21T04:00:00Z In the Los Angeles area, Wells Fargo, the nation’s fourth-largest PPP lender, lent to businesses in majority white neighborhoods at more than twice the rate it lent to businesses in majority Black and Latino neighborhoods. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The PPP money was designed primarily to keep workers at shuttered or scaled back firms employed and paid. Bill seeks to give more NC tax breaks on COVID-19 loans 2021-04-15T04:00:00Z Hoffman insists PPP was a loan - and perhaps IFF will be among the small handful of bailout recipients who repay that loan. Editorial Roundup: Idaho 2021-04-15T04:00:00Z Low, the managing partner of the Nevada Thai restaurant, said applying for a PPP loan felt like hunting for toilet paper in the early months of the crisis. Asian-American businesses suffer outsized pandemic toll 2021-04-14T04:00:00Z "So it is clear that the school is bound by that because they accepted the PPP funds and whatever they did with him, he is clearly in that ambit," he added. Chicagoland prep school Loyola may have violated civil rights of conservative students, Army vet 2021-04-09T04:00:00Z When asked about the disparities, Dan Letendre, a Bank of America senior vice president focused on serving low-income communities, noted that the PPP’s rules were initially designed in favor of businesses with employees. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z “This would be a terrible time to tax the PPP money that I received and that I already spent.” Bill seeks to give more NC tax breaks on COVID-19 loans 2021-04-15T04:00:00Z “As such, discriminating against the debt collection industry in the PPP process would harm consumers, the economy, creditors, and thousands of American employees across the country.” Predatory debt collectors would be barred from government’s pandemic relief loans under new bill 2021-04-07T04:00:00Z Barry Kraft, the owner of Reclaim Renew, a custom furniture business in Kirkwood, Mo., also received a PPP loan, allowing him to keep eight employees on the payroll as sales slowed last year. Time back home with voters only emboldens Republicans to oppose Biden’s agenda 2021-04-04T04:00:00Z GOP Senate Majority Leader Paul Gazelka, of East Gull Lake, called the creation of a fifth tax bracket “a bad idea,” and reiterated his call for tax exemptions on all PPP loans. Minnesota House Democrats unveil package of budget bills 2021-04-05T04:00:00Z Headphones on, he made calls to business owners applying for PPP, or those he suspected might qualify. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The shift would only apply to PPP recipients for the 2020 tax year only. Bill seeks to give more NC tax breaks on COVID-19 loans 2021-04-15T04:00:00Z “Kansas tax filers will also be allowed to deduct expenses associated with forgiven PPP loans on their state income tax returns, even though the loans themselves are not included as taxable income,” the memo said. Kansas expects federal policy to cost it $360M over 3 years 2021-04-01T04:00:00Z “The PPP has been an enormous success, sustaining millions of small businesses and tens of millions of American jobs,” she said. Maine working to get COVID-19 shot into small pharmacies 2021-03-31T04:00:00Z In February, the companies were approved for an additional $1.55 million in PPP loans. Skagit Valley’s tulip growers endure, adjust expectations 2021-03-29T04:00:00Z Designing PPP to rely on commercial lenders was never likely to result in equitable lending, said Paulina Gonzalez-Brito, executive director of the California Reinvestment Coalition, which advocates for fair banking in communities of color. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z They said loan recipient information is public and longstanding General Assembly ethics rules generally allow them to participate in legislative action because the bill would apply equally to all PPP loan recipients. Bill seeks to give more NC tax breaks on COVID-19 loans 2021-04-15T04:00:00Z Where a large firm could’ve turned to its in-house financial expertise and strong banking relationships to manage the complicated PPP loan process, smaller ones typically don’t have those resources, Glassman says. The deepening economic divide: How the pandemic has hurt small businesses 2021-03-28T04:00:00Z In Hidalgo County, Texas, for example, an emergency medical transportation company in bankruptcy sued after it was denied a PPP loan. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z Begun in March 2020, the PPP provides firms with fewer than 500 employees with forgivable loans for meeting payroll and certain overhead costs, including rent or mortgage payments. How your U.S. lawmaker voted 2021-03-27T04:00:00Z In February, it established a 14-day exclusive PPP loan application period for businesses with fewer than 20 employees. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The PPP loans convert into grants if the recipients meet certain conditions. U.S. Congress approves extension of small business Paycheck Protection Program 2021-03-25T04:00:00Z A second round of federal PPP loans, including more than $4 billion already approved for Washington small businesses, is underway, and Congress just extended the application deadline to May 31. The deepening economic divide: How the pandemic has hurt small businesses 2021-03-28T04:00:00Z Around the same time, a Florida radiology center also serving COVID-19 patients received a PPP loan, even though it was reorganizing under Chapter 11 bankruptcy. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z Even with the PPP money, The Times will not be profitable this year, Argentieri said. Los Angeles Times receives $10-million PPP loan 2021-03-23T04:00:00Z The current round of PPP closes May 31. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The PPP was designed to stanch the loss of millions of businesses, such as restaurants that were particularly hard-hit. U.S. Congress approves extension of small business Paycheck Protection Program 2021-03-25T04:00:00Z The GOP-controlled Senate, which passed a proposal last week that eliminates taxes on all federal PPP loans and some unemployment benefits, pledged not to raise taxes to balance the state’s budget. Walz releases revised budget plan with fewer tax increases 2021-03-18T04:00:00Z It included $285 billion for a second draw of PPP loans, and a bit of potential relief for debtors: an amendment to the U.S. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z "Every time a fraudster steals money from the PPP fund another legitimate business is unable to get those funds to help real employees with real families." Former Georgia mayoral candidate used $323G PPP loan on swimming pool, furniture, DOJ says 2021-03-17T04:00:00Z As with redlining practices from decades past, the PPP’s disparate lending patterns risk impacting communities of color for generations, said Kevin Stein, deputy director of the California Reinvestment Coalition. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z Mohan submitted at least eight fake PPP loan applications for six different companies to federally insured financial institutions, according to the plea agreement and court records. Tech executive pleads guilty to wire fraud, money laundering 2021-03-16T04:00:00Z Politicians, Colicchio said, were embarrassed by the amount of PPP money that went to large companies and chains. Independent restaurants lobbied hard for targeted economic relief. Now, they’re finally getting it. 2021-03-09T05:00:00Z Last week, as his hope of getting a PPP loan waned, Mark Shriner set up a GoFundMe page to try to keep his doors open. How a federal agency excluded thousands of viable businesses from pandemic relief 2021-03-27T04:00:00Z Rep. Mike Kelly, a Pennsylvania Republican who received a PPP loan of up to $1.5 million, offers another interesting case study. How many GOP House members are mired in conflicts of interest? No one knows 2021-03-12T05:00:00Z In signing the Coronavirus Aid, Relief, and Economic Security, or CARES, Act, then-President Trump announced that PPP loans would provide “unprecedented support to small businesses” in order “to keep our small businesses strong.” Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The Federal Reserve Board said Monday that it would extend by three months, to June 30, a credit facility to support financial institutions that are making PPP loans. Congress urged to extend Paycheck Protection Program through end of 2021 2021-03-08T05:00:00Z Unlike PPP loans, which required most of the cash to go toward payroll, business owners have more latitude in how they spend revitalization funds. Independent restaurants lobbied hard for targeted economic relief. Now, they’re finally getting it. 2021-03-09T05:00:00Z "They delayed money to small businesses when small businesses were saying we need another round of PPP. That was a choice they made." Fox News host pushes back on Marsha Blackburn's blue state bailout lie: "Your state gets $6 billion" 2021-03-08T05:00:00Z "The first one even references PPP in the title, which is a program that was created due to COVID," the spokesperson said. GOP senators target abortion access, trans athletes in proposed changes to COVID relief bill 2021-03-05T05:00:00Z Yet a Reveal analysis of more than 5 million PPP loans found widespread racial disparities in how those loans were distributed. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z Congressional districts 44 and 40, home to cities such as Compton, South Gate, Huntington Park and Cudahy, were among the districts that received the least amount of PPP aid. Majority white areas got more PPP business loan money than Latino areas, UCLA study says 2021-03-03T05:00:00Z The most common of those emergency loans, PPP loans, are provided at a low interest rate and are fully forgivable under conditions that include spending a certain percentage on payroll costs. Pandemic loan program at high-risk for fraud, auditor finds 2021-03-02T05:00:00Z That relief amounts to just under half of a $221 million package of coronavirus-related tax relief for individuals and businesses, including forgiveness of taxes on PPP loans and extended deductions for charitable contributions. Virginia House and Senate negotiators agree on budget featuring raises for teachers, state employees 2021-02-25T05:00:00Z Smith directed his co-conspirators to send him portions of the PPP funds within days of receiving them and used the proceeds for personal expenses, according to the documents. Pewaukee man pleads guilty to fraudulently getting PPP loans 2021-02-23T05:00:00Z Because the Treasury and SBA initially excluded a standard demographic questionnaire from the PPP application, banks did not routinely collect information on the race or gender of borrowers. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z The release noted that the share of funding that went to businesses with fewer than 10 employees jumped nearly 60 percent in the third round of PPP funding that opened a month ago. Biden criticizes earlier rollout of PPP as his administration changes rules to help smaller businesses 2021-02-22T05:00:00Z A point of fact: According to a report last year by The Washington Post, restaurants under Earl Enterprises received PPP loans in amounts ranging from $26 million to $54 million, based on federal data. Seattle now has one of the U.S.’s 100 new Guy Fieri’s Flavortown Kitchen virtual restaurants. Does this help or hurt local restaurateurs? 2021-02-22T05:00:00Z About 112 fur farms nationally got PPP aid, including 18 farms in Wisconsin. Mink farmers are skipping to the front of the vaccine line — for an important reason 2021-02-19T05:00:00Z The new law will benefit nearly a dozen lawmakers whose businesses accepted PPP loans, according to data from the U.S. Evers sign bill cutting taxes for businesses that took loans 2021-02-18T05:00:00Z PPP rules disfavored businesses without employees and required Social Security numbers and other records that some small entrepreneurs lack. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z In a news conference Monday, President Biden criticized the PPP’s early rollout for privileging those with banking connections at the expense of the smallest borrowers. Biden criticizes earlier rollout of PPP as his administration changes rules to help smaller businesses 2021-02-22T05:00:00Z Second PPP loans are available to small businesses that employ 300 or fewer workers and suffered a gross revenue loss of 25% or more due to the coronavirus pandemic. PPP loans to Maine businesses approaching $500 million 2021-02-11T05:00:00Z An analysis by The Associated Press in December also found that it took longer for minority owned businesses to obtain funding through the PPP. New boost for minority businesses in underserved communities 2021-02-08T05:00:00Z All PPP applicants had to be operating by Feb. 15, 2020. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z Fifteen minutes east is the city of Inglewood, one of the area’s last Black enclaves, where business owners got PPP loans at roughly half the rate. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z Biden did not say whether his administration would seek additional funding for the PPP, opting instead to pitch the American Rescue Plan economic stimulus package his administration is proposing. Biden criticizes earlier rollout of PPP as his administration changes rules to help smaller businesses 2021-02-22T05:00:00Z Burden went on to submit nine additional fraudulent PPP loan requests and wound up being granted more than $4.5 million for four different bogus companies, the DOJ reported, citing a criminal complaint. Oakland woman charged in $4.5M coronavirus relief loan scheme 2021-02-06T05:00:00Z Bishops conference spokeswoman Chieko Noguchi said PPP was “designed to protect the jobs of Americans from all walks of life, regardless of whether they work for for-profit or nonprofit employers, faith-based or secular.” US Catholic dioceses received $3bn in government aid while sitting on billions 2021-02-04T05:00:00Z The SBA — and by extension the PPP lenders that act as agents for the government — are just following the rules as established by Congress. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z The subcommittee found that the American Bankers Assn., citing a call with the Treasury, told its members to direct PPP lending to existing customers. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z Newly sworn in Treasury Secretary Janet Yellen testified at her confirmation hearing last month that it’s “critically important” to help small businesses with loans including those offered by the PPP. Businesses face hard decisions on whether, when to hire 2021-02-04T05:00:00Z "We allege that Christina Burden obtained PPP funds by fraud, submitting false business information, false employee numbers, false bank statements, and false tax returns." Oakland woman charged in $4.5M coronavirus relief loan scheme 2021-02-06T05:00:00Z Some 82% of small employers applied for funds from the PPP and 77% of applicants received all of the funding they sought. Most U.S. small businesses took sales hit due to pandemic, Fed survey finds 2021-02-03T05:00:00Z New businesses may not have access to PPP money like their more-established peers, but they bleed red ink just the same. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z Anne Pace, a spokesperson for the investment bank, said in a statement that more than 32% of its PPP loans last year went to small businesses in communities of color. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z “The demand for the PPP from Maine small businesses in just the first two weeks of the program’s reopening underscores its vital importance,” she said. Maine gets $221K in loans, Fenway vaccines starting Monday 2021-01-30T05:00:00Z The SBA data on franchise affiliations, which the agency had not previously released, shows loans to franchises saved almost 2.5 million jobs, although experts say the SBA’s estimates of PPP job retention are badly inflated. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z Companies that received PPP funds were more likely to retain or rehire their employees, but the aid was not enough to avoid all staff cuts. Most U.S. small businesses took sales hit due to pandemic, Fed survey finds 2021-02-03T05:00:00Z “The PPP was definitely a lifeline I was hoping for.” New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z No lender was more dominant in implementing PPP than Bank of America, which facilitated the most PPP loans in the country — 343,500. Rampant racial disparities plagued how PPP loans were distributed in the U.S. 2021-05-01T04:00:00Z Companies looking to apply for a second PPP loan were encountering technical hurdles the American Bankers Association said, while lenders are also receiving a “high number of incorrect error messages” when they submit loan applications. U.S. says $35 billion more in pandemic loans approved, trying to fix program snags 2021-01-26T05:00:00Z The PPP is still broadly viewed as having successfully provided billions in funds to employees of small businesses, staving off deeper economic pain early in the pandemic. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z For instance, 46% of firms that received all the PPP funds they requested reduced their workforces. Most U.S. small businesses took sales hit due to pandemic, Fed survey finds 2021-02-03T05:00:00Z These views were sometimes at odds with those of restaurant owners who saw the PPP as a lifejacket to prevent them from going under. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z “If it wasn’t for the PPP loan money, I wouldn’t be in business right now,” he said. The PPP process was excruciating for some last year. Will it change this time around? 2021-01-25T05:00:00Z Under the PPP, companies receive loans from banks and fintech companies that will be repaid by the government if the money is spent on eligible expenses. U.S. says $35 billion more in pandemic loans approved, trying to fix program snags 2021-01-26T05:00:00Z Potbelly Corporation received funds, returned them, and then applied again when Congress replenished the PPP fund. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z But that share increased to 71% for firms that received no PPP funding. Most U.S. small businesses took sales hit due to pandemic, Fed survey finds 2021-02-03T05:00:00Z A congressional aide involved with the PPP said the Feb. 15 operating date was put in the original rules for a number of reasons. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z “I took the PPP and we used it for what we were supposed to use it for,” Brooks said. The PPP process was excruciating for some last year. Will it change this time around? 2021-01-25T05:00:00Z A new round of PPP loans may also offer some spots assistance. 7 more Seattle-area restaurants and bars announce permanent closures 2021-01-23T05:00:00Z Because franchise owners operate somewhat independently of the chains with which they contract, they are eligible to receive PPP funds, money normally reserved for businesses employing fewer than 500 people. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z O’Donnell’s first PPP loan last year covered “four months of payroll, rent and utilities” and allowed O’Donnell to call back nine cooks and other help. Seattle restaurants and arts and culture institutions are hoping for a big boost in latest round of COVID-19 relief 2021-01-21T05:00:00Z Among other things, it was there to prevent scam artists from establishing new companies just to get their hands on PPP money. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z “That PPP funding perfectly covered the crater caused by the coronavirus.” The PPP process was excruciating for some last year. Will it change this time around? 2021-01-25T05:00:00Z Churches, mosques and other faith-based organizations have benefited widely from SBA loans as the PPP has been implemented over the past year. Last-minute regulation would make religious businesses eligible for taxpayer-backed SBA loans 2021-01-20T05:00:00Z “This includes providing information from the government on PPP funding, which has been critical to our network of small-business owners who serve and employ people in their communities,” she said. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z To do that, he’ll need a second PPP loan, which he’s already talking to his banker about. Seattle restaurants and arts and culture institutions are hoping for a big boost in latest round of COVID-19 relief 2021-01-21T05:00:00Z The PPP is “not a revenue replacement program,” the aide said. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z Moreover, when Gonzalez, 63, looked into the paperwork required to apply for a PPP loan, it looked like a foreign language to him. The PPP process was excruciating for some last year. Will it change this time around? 2021-01-25T05:00:00Z The Treasury Department under Trump waived the religious-affiliation rules when it implemented the PPP, allowing not only religious-affiliated businesses but also churches to receive help. Last-minute regulation would make religious businesses eligible for taxpayer-backed SBA loans 2021-01-20T05:00:00Z A third round of PPP funds totaling $284 billion began Jan. 15, with the program opening initially only to lenders with less than $1 billion in assets under management. McDonald’s, Subway and other franchises got $15.6 billion in small-business funds 2021-01-28T05:00:00Z Restaurateurs and hoteliers still need to use caution with PPP loans. Seattle restaurants and arts and culture institutions are hoping for a big boost in latest round of COVID-19 relief 2021-01-21T05:00:00Z “You can’t be looking at the PPP as a way to supplement your revenue.” New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z The four other PPP recipients described in this article did not respond to requests for comment. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z PPP loans have been subject to significant criticism since they were introduced last spring. Five anti-vaccine groups got loans via US government relief program – report 2021-01-18T05:00:00Z The PPP has helped thousands of businesses weather the pandemic and keep their employees on payroll, but has also been widely criticized for favoring larger businesses at the expense of smaller firms and minority-owned companies. Watchdog: Mitch blocked key aid but pushed tax break for owner of racehorse named “Stimulus Check” 2021-01-12T05:00:00Z The PPP program also benefited from industry input. Seattle restaurants and arts and culture institutions are hoping for a big boost in latest round of COVID-19 relief 2021-01-21T05:00:00Z The restaurant’s accountant, said president and co-owner Robert Villanueva, has worked with the bank to use Petite Peso’s January incorporation date on the PPP application. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z It’s unclear whether the SBA will take issue with anti-vaccination groups receiving PPP funding. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z Congress said PPP loans were meant to prioritize businesses in “underserved” markets, which includes low-income communities, rural areas and businesses owned by people of color, women and veterans. Five anti-vaccine groups got loans via US government relief program – report 2021-01-18T05:00:00Z More than half of the $522 billion in PPP funding went to just 5% of recipients, including dozens of national chains, according to an analysis by The Washington Post. Watchdog: Mitch blocked key aid but pushed tax break for owner of racehorse named “Stimulus Check” 2021-01-12T05:00:00Z Although a more ambitious proposal, known as the Restaurant Act, failed to pass last year, the industry’s lobbying efforts did get key features, such as more allowable expenses, into the new PPP loans. Seattle restaurants and arts and culture institutions are hoping for a big boost in latest round of COVID-19 relief 2021-01-21T05:00:00Z Without PPP money, “it’s going to be an extremely tough road,” Villanueva said. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z She suggested that the organizations in question probably did meet the requirements; the PPP program was open to a wide range of businesses and nonprofit groups. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z Some small businesses will be allowed to apply for a second PPP loan of up to $2 million. Factbox: What's new in the next round of U.S. small business pandemic loans 2021-01-11T05:00:00Z By prioritizing smaller lenders, the SBA hopes to address criticism from lawmakers that minority and women-owned businesses did not get enough money during the first two PPP rounds last year compared with bigger businesses. U.S. small businesses to get more cash as pandemic loan program re-opens 2021-01-11T05:00:00Z If you’re applying for a second PPP loan, use this one. How to get a small business loan from the new $284 billion PPP program 2021-01-10T05:00:00Z The cutoff date made sense for the initial draws of PPP loans last spring and summer, Darneille thought. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z The SBA has previously said in informational materials that a business appearing in its PPP loan database “doesn’t mean that SBA has made an affirmative declaration that a borrower is eligible.” The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z Businesses will be able to use PPP funds over eight to 24 weeks, a more flexible and more clearly defined window than under previous loans. Factbox: What's new in the next round of U.S. small business pandemic loans 2021-01-11T05:00:00Z The SBA is allowing some first-time recipients to get a second PPP loan, but not all of them. How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z The Small Business Administration and the Treasury Department are preparing to revive the PPP five months after its first two rounds of funding ended. More coronavirus relief on the way for small businesses 2021-01-08T05:00:00Z On the other hand, Patrick Crump, chef and owner of the Renegade in Arlington, Va., penciled in his first official day of business on the PPP application. New restaurant owners get shut out of PPP loans despite their financial losses 2021-02-06T05:00:00Z Although the SBA reserves the right to audit specific PPP loans, the government performed almost no vetting of specific loan recipients beyond a basic check to determine whether the applicant had already received a loan. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z PPP borrowers must spend 60% of the loan on payroll, as lawmakers primarily intended the program to help keep Americans employed. Factbox: What's new in the next round of U.S. small business pandemic loans 2021-01-11T05:00:00Z “We are committed to implementing this round of PPP quickly to continue supporting American small businesses and their workers.” How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z As with the first two rounds of the PPP, applications must be submitted online at banks and other SBA-approved lenders. More coronavirus relief on the way for small businesses 2021-01-08T05:00:00Z Data from the Paycheck Protection Program analyzed by The Associated Press show many minority owners desperate for a loan didn’t receive one until the PPP’s last weeks. VIRUS TODAY: Vaccination efforts to end COVID-19 accelerate 2021-01-04T05:00:00Z In April, it asked publicly traded companies to return money, and it later accused local Planned Parenthood affiliates of improperly accessing PPP loans. The Trump administration bailed out prominent anti-vaccine groups during a pandemic 2021-01-18T05:00:00Z Some businesses felt pressured or struggled to spend their PPP funds so quickly, with many preferring to hold onto funds until really needed. Factbox: What's new in the next round of U.S. small business pandemic loans 2021-01-11T05:00:00Z Those same lenders will be able to offer new loans to companies that previously received PPP loans starting two days later on Wednesday, Jan. 13. How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z Tyler needs a second PPP loan to keep the business going. More coronavirus relief on the way for small businesses 2021-01-08T05:00:00Z Lack of a banking relationship was one of the reasons the New York Federal Reserve Bank cited for disparities in PPP loan approvals to Black- and white-owned companies. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z Lack of a banking relationship was one of the reasons the New York Federal Reserve Bank cited for disparities in PPP loan approvals to Black- and white-owned companies. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z Escala and many principals throughout the archdiocese said they have expended reserves and relied heavily on PPP loans to keep them afloat this school year. Plunging enrollment leaves Catholic schools struggling to serve low-income students 2021-01-03T05:00:00Z Larger banks will be able to start distributing PPP loans at an undetermined later date. How to get a small business loan from the new $284 billion PPP program 2021-01-08T05:00:00Z The PPP loan Sheets got in the spring helped tide him over. More coronavirus relief on the way for small businesses 2021-01-08T05:00:00Z Busby noted that the PPP was supposed to help underserved communities. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z Busby noted that the PPP was supposed to help underserved communities. Minority-owned companies waited months for loans, data shows 2021-01-03T05:00:00Z Christopher Hatch, a spokesman for the SBA, said that agency and Treasury were working to ensure “the next round of PPP is launched as quickly as possible.” Treasury will try to start sending stimulus checks by end of week, rushing after Trump’s delay 2020-12-28T05:00:00Z Christopher Hatch, a spokesman for the Small Business Administration, said the SBA and Treasury were working to ensure “the next round of PPP is launched as quickly as possible.” Treasury, White House face enormous pressure to quickly disburse stimulus aid after Trump’s delay 2020-12-28T05:00:00Z Our story didn’t report the names of local PPP recipients. Editorial Roundup: Nebraska 2020-12-28T05:00:00Z The PPP money for newspapers is an investment that must be nurtured and expanded, lest it become money cast into the void. Financial relief on way for free press, but more work is needed 2020-12-25T05:00:00Z The bar received $55,000 from PPP, plus another chunk from the Economic Injury Disaster Loans program. Families on brink of eviction, hunger describe nightmare Christmas as $900 billion relief bill hangs in limbo 2020-12-24T05:00:00Z Many local news outlets applied for and received help through the PPP program. Congress remembers the local free press this time 2020-12-24T05:00:00Z The agreement also expands eligibility for the PPP to more businesses and other industries, such as newspapers and TV stations. What the new COVID relief package means for your money 2020-12-23T05:00:00Z The largest employer to get a PPP loan in our region listed 281 employees, not much more than half the 500-person limit. Editorial Roundup: Nebraska 2020-12-28T05:00:00Z Bills to expand PPP funding to more news organizations were introduced in May by Cantwell in the Senate and in the House by U.S. Financial relief on way for free press, but more work is needed 2020-12-25T05:00:00Z Experts say these caveats should help prevent larger companies from getting their hands on PPP money designed for small business. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z Newspapers and broadcasters owned by a larger parent company were ineligible for PPP loans. Congress remembers the local free press this time 2020-12-24T05:00:00Z The second round of PPP loans is open to many media outlets that weren’t eligible for the first round of loans, including outlets owned by out-of-state companies. Federal pandemic relief bill’s payroll loans provide lifeline to Washington media outlets 2020-12-22T05:00:00Z But prosecutors said he pleaded guilty in November 2018 to felony drug possession in Cheyenne, Wyoming, and was serving three years’ probation when he applied for the PPP loan and Economic Injury Disaster Relief funds. Nevada man accused of illegally receiving coronavirus funds 2020-12-22T05:00:00Z Because The Seattle Times was among nearly 2,800 newspaper companies nationally aided by the first round of PPP loans, the newsroom avoided cuts to survive the economic downturn set off by the pandemic. Financial relief on way for free press, but more work is needed 2020-12-25T05:00:00Z But more than that, many of the PPP changes are not specific to the independent restaurant community, which, according to the National Restaurant Association, represents 70 percent of the industry. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z The new relief bill sets aside $284.5 billion for the PPP program nationwide. Congress remembers the local free press this time 2020-12-24T05:00:00Z The News Tribune didn’t respond to questions about whether it would apply for a PPP loan under the new program. Federal pandemic relief bill’s payroll loans provide lifeline to Washington media outlets 2020-12-22T05:00:00Z That aid package introduced PPP loans, which are meant to help small businesses keep employees on their payrolls. As small businesses await new US aid, it’s too late for some 2020-12-22T05:00:00Z Under the different eligibility requirements set for the new round of PPP loans, Times-owned newspapers in Walla Walla and Yakima will be able to apply for aid and minimize budget cuts. Financial relief on way for free press, but more work is needed 2020-12-25T05:00:00Z The bill would allow restaurants applying for a PPP loan to use a new-and-improved formula. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z Making more news organizations eligible for the next round of PPP loans won’t save the local free press, but it will supply a lifeline that helps publishers stay afloat for a while longer. Congress remembers the local free press this time 2020-12-24T05:00:00Z As subsidiaries of the Times Company, the Walla Walla and Yakima newspapers received some of its earlier PPP loan, but will apply individually for the second round, said Fisco. Federal pandemic relief bill’s payroll loans provide lifeline to Washington media outlets 2020-12-22T05:00:00Z “The PPP money is going to be a huge difference maker if you’re on the cusp right now,’’ said Pertman, the restaurant consultant. As small businesses await new US aid, it’s too late for some 2020-12-22T05:00:00Z Tax deductions include certain business expenses paid with PPP loans, such as payroll, rent, mortgage interest, utilities and other allowable expenses. What airlines, other industries got in $900B relief bill 2020-12-22T05:00:00Z But lobbyists for the restaurant sector also fought for tax deductions on business expenses covered by PPP money. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z The Independent Restaurant Coalition said the new PPP funding will “buy time,” but warns that without billions in cash grants more restaurants will shutter. Despite 'three martini' tax break, COVID-19 bill leaves struggling U.S. restaurants cold 2020-12-22T05:00:00Z Despite the relaxed eligibility requirements, the new program requires that PPP loan proceeds must be used by media outlets to produce or distribute locally focused news or emergency information. Federal pandemic relief bill’s payroll loans provide lifeline to Washington media outlets 2020-12-22T05:00:00Z Tiffany Joy Murchison, who couldn’t receive a PPP loan during the first round because of a series of miscommunications with her bank, is willing to try again now that there’s more money available. As small businesses await new US aid, it’s too late for some 2020-12-22T05:00:00Z This applies to either a first draw or a second draw PPP loan. What airlines, other industries got in $900B relief bill 2020-12-22T05:00:00Z What’s more, the bill will allow businesses that secured money in the first round of PPP to reapply to the program that has been extended to March 31. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z “The last thing I need is another round of PPP.” Despite 'three martini' tax break, COVID-19 bill leaves struggling U.S. restaurants cold 2020-12-22T05:00:00Z Monday’s package includes an additional $284 billion for the program and broadens eligible PPP expenses to include items like personal protective equipment for staff and operational costs. Factbox-Where U.S. banks won and lost in the new pandemic relief package 2020-12-22T05:00:00Z At the Barrel Room in San Francisco, Trubnick received a PPP loan during the spring that helped her pay her staff. As small businesses await new US aid, it’s too late for some 2020-12-22T05:00:00Z The bill simplifies forgiveness for loans of $150,000 or less, allowing businesses to attest on a one-page form that they used the PPP funds for payroll and other businesses expenses. U.S. lenders score small business relief, accounting help in pandemic package 2020-12-22T05:00:00Z For starters, the PPP funds would still route through banks, where some small restaurant owners may not have a financial history or the connections to secure a loan. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z The bill also allows any company to fully deduct business expenses that are paid with PPP loans, even if the loans are forgiven by the government. Despite 'three martini' tax break, COVID-19 bill leaves struggling U.S. restaurants cold 2020-12-22T05:00:00Z The changes were added after the PPP was criticized for disproportionately aiding larger companies. GOP inserts Trump-backed “three-martini lunch” tax break in exchange for COVID relief for the poor 2020-12-21T05:00:00Z The restaurant, which closed from March to September, received a small business loan from the PPP program. Congress’ rescue aid: A dose of support, but is it enough? 2020-12-21T05:00:00Z Among the biggest wins is a new streamlined process for writing off PPP loans. U.S. lenders score small business relief, accounting help in pandemic package 2020-12-22T05:00:00Z Those costs would be deductible under a final agreement so long as a PPP recipient can show a loss in revenue in 2020 compared to prior years, according to a lawmaker briefed on the deal. Senate majority leader announces approximately $900 billion deal on emergency relief package 2020-12-20T05:00:00Z Especially hard-hit businesses that received PPP grants would be eligible for a second round. Highlights of $900 billion COVID-19 relief, wrapup bills 2020-12-20T05:00:00Z The federal PPP program eventually provided Edwards’ ministry with funds in excess of what he asked. Fake Florida ministry got over $8M in coronavirus relief funds: reports 2020-12-18T05:00:00Z The PPP required most of the proceeds to be spent on payroll for just eight weeks. Congress’ rescue aid: A dose of support, but is it enough? 2020-12-21T05:00:00Z Schumer has pushed for funding for restaurants and a second round of PPP as well. Stimulus talks could spill into weekend as lawmakers scramble to complete deal 2020-12-17T05:00:00Z Through August, businesses received $525 billion in two rounds of PPP aid. New shutdowns threaten small businesses, economic recovery as Congress squabbles over relief 2020-12-17T05:00:00Z For one Bethlehem, Pa., restaurant owner, the coronavirus restrictions are hitting especially hard because they didn't quality for PPP loans or other aid amid the pandemic. Pennsylvania brewery owner stays open despite coronavirus restrictions: 'Relief' doesn't exist 2020-12-17T05:00:00Z PPP is the federal loan and grant aid program to small businesses suffering from the pandemic. Lawmakers haggle over details as U.S. Congress closes in on $900 billion COVID-19 aid bill 2020-12-16T05:00:00Z The establishment is one of at least seven Bay Area restaurants with two or three Michelin stars that also received PPP loans, the news station reported. French Laundry restaurant reportedly received $2.4M in PPP funds 2020-12-16T05:00:00Z Businesses that received PPP loans cut an estimated 900,000 jobs as the funding dried up, according to an analysis by the payroll company Gusto. Trump campaign vendors got millions in COVID aid while being paid over $60M by Trump committees 2020-12-16T05:00:00Z The bipartisan framework would allow businesses that have already received a PPP loan to do so again. New shutdowns threaten small businesses, economic recovery as Congress squabbles over relief 2020-12-17T05:00:00Z Everyone agreed on $748 billion to extend emergency assistance for the unemployed, pass another round of PPP, and provide rental assistance and funding for vaccines. Opinion | Mitt Romney and Joe Manchin: How we compromised on covid-19 relief 2020-12-15T05:00:00Z The analysis found that some of the nation’s leading law firms were among the biggest beneficiaries of the PPP funding. D.C. law firms got $145 million in PPP funds: analysis 2020-12-15T05:00:00Z For example, more than 1,000 Sonic Drive-In restaurants received PPP funds, accumulating more than $100 million in all, according to a Washington Post analysis of recently released Small Business Administration data. Small-business loans to big companies prompt Congress to overhaul PPP rules 2020-12-11T05:00:00Z Though the PPP was designed to help small firms, more than half of the funds went to larger businesses, including some linked to President Trump and his son-in-law, Jared Kushner. Trump campaign vendors got millions in COVID aid while being paid over $60M by Trump committees 2020-12-16T05:00:00Z PPP aid doesn’t count as taxable income, but the Internal Revenue Service has ruled businesses can’t deduct the cost of expenses that are paid with forgiven PPP money. New shutdowns threaten small businesses, economic recovery as Congress squabbles over relief 2020-12-17T05:00:00Z And they still are not sure how much of the PPP loan will be forgiven. A close-up look at how hard it is to keep a little family restaurant going in a pandemic 2020-12-12T05:00:00Z PPP provided grants and loans of up to $10 million for businesses with fewer than 500 employees to help the companies subsist through the coronavirus pandemic’s havoc on the economy. D.C. law firms got $145 million in PPP funds: analysis 2020-12-15T05:00:00Z Employers that received PPP cut an estimated 900,000 jobs nationwide as a result of their loans expiring, according to a new analysis of data from Gusto, a payroll and benefits company. Small-business loans to big companies prompt Congress to overhaul PPP rules 2020-12-11T05:00:00Z All the while, the nonprofit was itself applying for a PPP loan to stay afloat as revenues shrunk. Group seeks to expand banking for low-income families 2020-12-12T05:00:00Z Some of the money was intended to prop up small- and mid-sized businesses that weren’t eligible for PPP funding. New shutdowns threaten small businesses, economic recovery as Congress squabbles over relief 2020-12-17T05:00:00Z The federal government designed the PPP program to provide small businesses with loans up to two and half times their monthly payroll. We asked small business owners how they've weathered the pandemic 2020-12-11T05:00:00Z Two rounds of PPP funding were distributed in April and May. D.C. law firms got $145 million in PPP funds: analysis 2020-12-15T05:00:00Z A $1.75 million PPP payment allowed the nonprofit to pay its staff members through April and May even though they weren’t working. Small-business loans to big companies prompt Congress to overhaul PPP rules 2020-12-11T05:00:00Z “I don’t think PPP money was intended for club members to subsidize gourmet dining and spa treatments and golf,” he said in an interview. How pandemic aid attracted hordes of gleeful and gutsy scammers 2020-12-09T05:00:00Z “Russell and James both make $40 million a year and they were still getting paid, so a lot of my employees really wanted that PPP money,” he said. Analysis | The Rockets should trade James Harden after his indefensible holdout 2020-12-08T05:00:00Z "It sounds like Congress is going to restart the PPP again, but they should fix what we already know is wrong with the program." We asked small business owners how they've weathered the pandemic 2020-12-11T05:00:00Z But with 45 employees, he was large enough to be approved for a $130,000 PPP loan and a $72,000 Coronavirus Food Assistance Program payment, which he doesn’t have to pay back. No safety net: In two U.S. agricultural towns, small farmers, ranchers cope with pandemic 2020-12-08T05:00:00Z Rubio calls PPP “a historic success,” but other changes are on the table. Small-business loans to big companies prompt Congress to overhaul PPP rules 2020-12-11T05:00:00Z “Obtaining the PPP loan allowed Grey Oaks to bring back 60 employees from furlough, in spite of a significant downturn in its business due to COVID,” the board said. How pandemic aid attracted hordes of gleeful and gutsy scammers 2020-12-09T05:00:00Z Maria Potts, director of Kids World in Falls Church, Virginia, is also relying on grants and PPP loans. Coronavirus takes toll on Black, Latino child care providers 2020-12-07T05:00:00Z Similar to Hodges, he eventually secured a PPP loan in "what they call the second tranche," he explained. We asked small business owners how they've weathered the pandemic 2020-12-11T05:00:00Z Leftover PPP funds from two springtime infusions into the program would cover almost half of the $300 billion or so cost. COVID-19 relief: What’s on the table as Congress seeks deal 2020-12-05T05:00:00Z Shake Shack decided to return $10 million in PPP funds for which it was approved, then raised about $150 million in an equity offering the same week. Small-business loans to big companies prompt Congress to overhaul PPP rules 2020-12-11T05:00:00Z The primary incentive for companies to seek PPP loans was the offer of partial forgiveness if most of the money was used for payroll. Idaho lieutenant governor got pandemic loans for business 2020-12-04T05:00:00Z This time, firms applying for PPP funding will almost certainly be required to demonstrate substantial declines in revenue to qualify for assistance. What’s in the $908 billion economic relief proposal 2020-12-03T05:00:00Z He received a PPP loan and used it for payroll, and he's already applied for forgiveness for a portion of it. We asked small business owners how they've weathered the pandemic 2020-12-11T05:00:00Z Ashley Harrington, federal advocacy director and senior counsel for the Center for Responsible Lending, suggested the funding disparity might be caused by the PPP program’s fee structure in the early phases of the program. More than half of emergency small-business funds went to larger businesses, new data shows 2020-12-01T05:00:00Z The plan also included $288 billion for PPP loans to small businesses and a temporary liability shield for businesses sought by the GOP. McConnell’s COVID plan has business tax breaks but $0 for unemployment boost and direct payments 2020-12-03T05:00:00Z “In order to keep as many of our employees on staff as possible, we took advantage of the partial restitution made available through the PPP.” Idaho lieutenant governor got pandemic loans for business 2020-12-04T05:00:00Z It would also include another round of Economic Injury Disaster Loans, which offers smaller loan amounts than PPP. What’s in the $908 billion economic relief proposal 2020-12-03T05:00:00Z "Moving the PPP loans through the private banking system was a big mistake," Ballantyne said. We asked small business owners how they've weathered the pandemic 2020-12-11T05:00:00Z Previous disclosures of PPP loan data showed the program was falling fall short of the Trump administration’s claims of its success. More than half of emergency small-business funds went to larger businesses, new data shows 2020-12-01T05:00:00Z Failing to pass additional PPP funding would also likely result in untold devastation for small businesses. McConnell’s COVID plan has business tax breaks but $0 for unemployment boost and direct payments 2020-12-03T05:00:00Z It showed that PPP loans disproportionately favored bigger businesses, including more than two dozen properties owned by the Trump Organization and the family of Jared Kushner, President Donald Trump's son-in-law and senior White House adviser. Two dozen businesses at Trump and Kushner properties received federal loans, new PPP data shows 2020-12-02T05:00:00Z Talks between Rubio and Cardin over another round of PPP funding collapsed in recent days, suggesting it may be hard for them to reach a quick agreement. What’s in the $908 billion economic relief proposal 2020-12-03T05:00:00Z She considered applying for the PPP loan, but ultimately given the size of her business and the amount she'd qualify for, she said it wasn't worth it. We asked small business owners how they've weathered the pandemic 2020-12-11T05:00:00Z The PPP program allowed businesses to get loans to keep their workers on the payroll with the loan forgiven if the business met certain terms geared at avoiding layoffs. Fed and Treasury urge Congress to approve more virus relief 2020-12-02T05:00:00Z The PPP program allowed businesses to get loans to keep their workers on the payroll with the loan forgiven if the business met certain terms geared at avoiding layoffs. Fed and Treasury urge Congress to approve more virus relief 2020-12-02T05:00:00Z Minority-owned businesses received a disproportionately small slice of the funding — Wells Fargo reported allocating PPP money to just one Black-owned business — while big banks pocketed upwards of $10 billion in processing fees. Two dozen businesses at Trump and Kushner properties received federal loans, new PPP data shows 2020-12-02T05:00:00Z This new funding would allow businesses that have already exhausted their PPP funding to apply for another round of payments. What’s in the $908 billion economic relief proposal 2020-12-03T05:00:00Z Previous disclosures of PPP loan data showed that the program was falling fall short of the Trump administration’s claims of its success. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z “The PPP required you to show you made a profit,” said Tunua Thrash-Ntuk, executive director of Los Angeles Local Initiatives Support Corp., a nonprofit distributing the regional funds. Will California's small businesses survive another COVID-19 surge without more help? 2020-11-24T05:00:00Z After the SBA failed to respond in the time required by law, The Post and 10 other national news organizations eventually sued for the release of this PPP loan information. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z After her business storefront was closed for three months, a PPP loan helped Destiny Burns, 56, the founder of the four-year-old CLE Urban Winery in Cleveland Heights, Ohio, stay afloat. For Small-Business Owners, a Shifting Landscape of Resources 2020-11-16T05:00:00Z In the weeks that followed, Ritchie increasingly turned her ire on the PPP, one of the main opposition parties to Khan’s ruling PTI. How western travel influencers got tangled up in Pakistan's politics 2020-11-12T05:00:00Z Republican lawmakers including Marco Rubio, a key architect of PPP, argued that the organization’s local affiliates did not qualify because they were too closely associated with Planned Parenthood for America, the national advocacy organization. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z After PPP and other aid dried up, Grubb appealed directly to readers for help. Small towns need community newspapers 2020-11-06T05:00:00Z The SBA balked at providing exact loan figures for any of the loans as well as borrower information for loans of less than $150,000, an estimated 87 percent of all PPP loans. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z Moller also said there were other PPP loan applications filed in the name of his father and his girlfriend’s brother. Man admits to filing fraudulent claim for stimulus loan 2020-10-28T04:00:00Z “My story came out because loved ones all over the world were being harassed by people linked to PPP,” she told me via email recently. How western travel influencers got tangled up in Pakistan's politics 2020-11-12T05:00:00Z A bipartisan group of senators unveiled plans Tuesday for another $908 billion in stimulus, including nearly $300 billion in new funding for PPP and other SBA programs. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z It also said some banks limited their PPP loan programs to existing customers. U.S. banks sweat regulatory exposure from pandemic loans 2020-10-21T04:00:00Z Boasberg rejected these arguments, issuing an order requiring the SBA to release the names, addresses and precise loan amounts of all individuals and entities that obtained the PPP loans by Thursday. SBA seeks to delay release of loan records following court order 2020-11-17T05:00:00Z The PPP was established by the $2 trillion stimulus deal passed back in March and refunded in April. Senate GOP’s stand-alone Paycheck Protection Program bill blocked 2020-10-20T04:00:00Z Shaheen countered that she played no role in who received the loans, calling Messner “disingenuous” for neglecting to mention that his law firm got “millions of dollars” through the PPP program. Shaheen, Messner spar over virus response, court nominee 2020-10-15T04:00:00Z The payroll processor Gusto estimates small businesses laid off about 232,000 workers nationwide soon after their PPP expired, according an analysis of the records of about 37,000 Gusto clients who received PPP. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z The SBA plans to review PPP loans over $2 million and its inspector general recently said there were “strong indicators of widespread potential abuse and fraud.” U.S. banks sweat regulatory exposure from pandemic loans 2020-10-21T04:00:00Z The PPP launched in April with $349 billion for forgivable loans. How has this hotel firm spent its PPP money? Eight members of Congress want to know 2020-10-13T04:00:00Z White House officials have previously expressed willingness to pass a stand-alone measure on reallocating PPP funds. White House pivots again on stimulus negotiations after bipartisan backlash 2020-10-11T04:00:00Z Accountable.US, a progressive watchdog group that tracks recipients of PPP loans, called on all four candidates to return the money to taxpayers. Self-funding QAnon candidate gave own campaign $450,000 after getting PPP loan 2020-10-09T04:00:00Z In addition, to traditional mom-and-pop shops, PPP was open to a broad array of businesses, representing nearly every corner of the U.S. economy. More than half of emergency small business funds went to larger businesses, new data show 2020-12-01T05:00:00Z “They are gearing up for years of requests from regulators and there’s still reputational risk from PPP fraud even if they did all the right things to follow program rules.” U.S. banks sweat regulatory exposure from pandemic loans 2020-10-21T04:00:00Z The largest single relief effort to help affected businesses and workers was the PPP, which offered “small” companies $659 billion in forgivable loans. ‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy 2020-10-05T04:00:00Z Prosecutors told the court that Colar tried to destroy records related to PPP applications by flushing them down the toilet when investigators executed a search warrant at his home in the Bay Area. California man convicted of defrauding local governments, charged with trying to steal $22M from PPP loans 2020-10-04T04:00:00Z Greene is not the only Republican candidate who has self-funded a campaign while taking PPP loans. Self-funding QAnon candidate gave own campaign $450,000 after getting PPP loan 2020-10-09T04:00:00Z The executive learned details about Kao’s loan application in July when he read a news article about Navatek being one of the largest PPP recipients in Hawaii. Hawaii CEO accused of $12.8M in fraud virus assistance loans 2020-09-30T04:00:00Z “Other political organizations, like campaigns and state parties, returned their PPP loans,” Robinson added. Conservative group to argue that Media Matters should have been ineligible for PPP loan 2020-09-28T04:00:00Z “There is actually a negative relationship between COVID-19 cases per capita and the share of small firms getting PPP funding,” the economists wrote. ‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy 2020-10-05T04:00:00Z Some lacked existing relationships with banks, which prioritized PPP applications for large- and medium-sized businesses, usually white-owned, according to the nonprofit Center for Responsible Lending. Business group offers pandemic grants to Seattle-area Black-owned businesses 2020-09-25T04:00:00Z Issa said at the debate that he opposed funding the PPP entirely, arguing it would be "foolhardy" and that "paying people not to work has run its course." Self-funding QAnon candidate gave own campaign $450,000 after getting PPP loan 2020-10-09T04:00:00Z PPP loan recipients weren’t prohibited from paying investors with other funds, as long as the PPP funds were kept separate. Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z The outlet cited data from the Small Business Administration indicating that about 75% of all PPP loans don’t include any demographic information at the time of the loan application. Harris makes misleading statement on COVID-19 business loans while campaigning in Michigan 2020-09-24T04:00:00Z Industries relatively unaffected by the pandemic received large chunks of PPP money; meanwhile, some of the hardest hit received less. ‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy 2020-10-05T04:00:00Z Bank employees offered Black applicants less help with their PPP applications, a matched-pair study from the nonprofit National Community Reinvestment Coalition found. Business group offers pandemic grants to Seattle-area Black-owned businesses 2020-09-25T04:00:00Z "The PPP program was meant to save jobs, not bail out business owners looking for a gig in D.C.," spokesman Derek Martin said in a statement to Salon. Self-funding QAnon candidate gave own campaign $450,000 after getting PPP loan 2020-10-09T04:00:00Z The company also availed itself of a $1.7 million PPP loan to support 91 employees, according to SBA and SEC records. Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z There’s the Seattle doctor who had a criminal history and allegedly sought millions in PPP loans for businesses with no actual operations by submitting applications with made up numbers and fake documentation. Thanks to the Covid bailout, the stories of small business fraud keep rolling in | Gene Marks 2020-09-24T04:00:00Z Job losses in the hotel and restaurant industry meanwhile accounted for about 32 percent of the nation’s total, but those companies received only 8 percent of the PPP money. ‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy 2020-10-05T04:00:00Z Mnuchin added that there is “broad bipartisan support for extending the PPP,” especially to help small businesses. Powell and Mnuchin credit stimulus with boosting recovery, but calls for more aid go unanswered 2020-09-22T04:00:00Z Defense Department spokeswoman Jessica Maxwell said the two bailout programs are not “in conflict or duplicative,” because a PPP loan does not make any directive with respect to supporting national defense. Pentagon used taxpayer money meant for masks and swabs to make jet engine parts and body armor 2020-09-22T04:00:00Z Feng said the PPP funds were walled off from other funds in a separate bank account and spent to pay employees. Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z But as Congress discusses the next round of PPP let’s hope all these Netflix-worthy stories don’t give too many other people ideas. Thanks to the Covid bailout, the stories of small business fraud keep rolling in | Gene Marks 2020-09-24T04:00:00Z Although the PPP was designed to help workers, businesses applied, received the checks and in many cases used the funds to pay rent, utilities and other costs instead of keeping people employed. ‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy 2020-10-05T04:00:00Z “I think PPP is a better way to address that space in the market.” Powell and Mnuchin credit stimulus with boosting recovery, but calls for more aid go unanswered 2020-09-22T04:00:00Z Companies linked to at least six members of Trump's cabinet received PPP loans, prompting calls for an investigation. Watchdog group calls for investigation into PPP loans to companies linked to 6 Trump Cabinet members 2020-09-19T04:00:00Z For some observers, such a scenario indicates the PPP program was a success. Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees 2020-09-24T04:00:00Z She wasn’t able to pay any money in April or May but cut her landlord a check after receiving PPP money in June. What happens when a restaurant can't pay the rent? 2020-09-16T04:00:00Z World Capital Payroll classified itself under "other financial vehicle" on its loan application, even though PPP applications offer "payroll services" as an option. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z The Scotch House is one of the few Black businesses that’s received a PPP loan, and that’s a shame that there were not more. Editorial Roundup: Louisiana 2020-09-16T04:00:00Z The school received a PPP loan worth between $2 million and $5 million in April, as small business struggled to access funds before the first round of funding quickly dried up. Watchdog group calls for investigation into PPP loans to companies linked to 6 Trump Cabinet members 2020-09-19T04:00:00Z The Washington Post reports that an NFL player was charged with fraudulently using PPP funds to pay for Gucci and Dior items. Of course there was PPP fraud, but the program was a crucial lifeline | Gene Marks 2020-09-13T04:00:00Z Much of his losses were plugged by a PPP loan of $130,000. Diagnosis for family doctors: Less money, greater hardship, and patients on video 2020-09-12T04:00:00Z Asked what he used the PPP loan for, Giuliani told Salon in a text message, "get lost." Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z In early August, the Justice Department charged five people from Georgia, Ohio and California with fraudulently obtaining PPP loans on behalf of businesses they owned, before spending the money on luxury vehicles and jewelry. Justice Department charges 57 people attempting to steal $175 million in coronavirus relief funds 2020-09-10T04:00:00Z Several clients of Wolf's former firm, Wexler & Walker, also received PPP loans worth up to $1 million, including the National Federation of State High School Associations and United Technologies. Watchdog group calls for investigation into PPP loans to companies linked to 6 Trump Cabinet members 2020-09-19T04:00:00Z Anyone who applied for a PPP or an economic injury disaster loan knew this was going to happen. Of course there was PPP fraud, but the program was a crucial lifeline | Gene Marks 2020-09-13T04:00:00Z K&W; said in its PPP application that it would attempt to save at least 500 jobs with the unspecified loan. K&W Cafeterias file for Chapter 11 bankruptcy protection 2020-09-09T04:00:00Z The PPP salary cap is $100,000 — any salary in excess of that amount must be reduced back to $100,000. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z The company got a PPP grant earlier in the recession and then looked to Main Street once it was clear that the pandemic would not be over in a matter of months. Congress needs to weigh in on expanding Main Street loan program to more businesses, Boston Fed chief says 2020-09-08T04:00:00Z The subsidiary, Han’s Hospitality at 120 Downtown LA, received the PPP loan May 7. Their company got a PPP loan. So why are they still unemployed? 2020-09-05T04:00:00Z And let’s also hope that this finger-pointing circus doesn’t stop Congress from doing another round of PPP or some other type of stimulus for those businesses that really need it. Of course there was PPP fraud, but the program was a crucial lifeline | Gene Marks 2020-09-13T04:00:00Z “Why didn’t we use the time that PPP bought us to design the kind of program that would be commensurate with the national challenge that we’re facing?” Small-business failures loom as federal aid dries up 2020-09-01T04:00:00Z An SBA official and multiple financial experts told Salon that because PPP loans are allocated to a company by its tax identification number, a company can only put those funds toward paying its own employees. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z Under the PPP, more than five million loans were made totaling US$525bn, according to figures published by the US Treasury when the program closed on August 8. Restrictions keep lenders, borrowers from Main Street Lending Program 2020-09-01T04:00:00Z CicLAvia ultimately landed a PPP loan through a community development organization known for giving loans to low-income residents for home repairs and down payments. Their company got a PPP loan. So why are they still unemployed? 2020-09-05T04:00:00Z They’re lucky in some respects, as the club did receive some PPP funding and nonprofit grants for its theater programming. As COVID-19 grinds on, the fate of L.A.’s music clubs rests with a divided Congress 2020-09-01T04:00:00Z “That’s all PPP was. It was a mechanism to buy time. It was never the long-term solution.” Small-business failures loom as federal aid dries up 2020-09-01T04:00:00Z Asked whether it would be feasible to misrepresent payroll information, a PPP expert at a national lender told Salon that "pretty much anything" was possible in the program's first weeks. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z The PPP also offers greater freedom for companies than the MSLP, which limits dividend payouts 12 months after the repayment of the loan. Restrictions keep lenders, borrowers from Main Street Lending Program 2020-09-01T04:00:00Z He said he helped the preschool at his synagogue and his daughter’s farm-to-table restaurant apply for PPP loans. Their company got a PPP loan. So why are they still unemployed? 2020-09-05T04:00:00Z The PPP provided more than 5.2 million forgivable loans through the U.S. Thousands of small-business loans may have been fraudulent, House panel finds 2020-09-01T04:00:00Z Applicants seeking PPP loans were asked to certify they weren’t engaged in any activity that is illegal under federal, state or local law. Jim Bakker gets PPP loans during legal fight on fraud claims 2020-08-24T04:00:00Z According to PPP databases, however, World Capital Payroll did not report having any employees or any jobs saved. Invisible company owned by Rudy Giuliani got taxpayer-backed PPP money — but where did it go? 2020-09-16T04:00:00Z Republicans also plan to feature others to highlight the benefits of Trump’s main achievements, including tax reform, criminal justice reform, regulatory rollbacks, PPP loans and tougher policies restricting illegal immigration and limiting asylum claims. Republican convention: Who is speaking and what to expect 2020-08-24T04:00:00Z The PPP, which was part of the larger $2-trillion stimulus package, launched in April with $349 billion to issue in forgivable loans. Their company got a PPP loan. So why are they still unemployed? 2020-09-05T04:00:00Z |
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