Little corporations have to have access to capital correct now and they’re having trouble locating it by loans. Though small enterprise loan approval rates at […]
Tag: loan
L.A. Lakers qualified for an emergency PPP loan — why didn’t nonprofits?
More than half a trillion dollars in aid has been set aside for the government’s Paycheck Protection Program to help small businesses weather the coronavirus […]
L.A. Lakers received $4.6 million from federal loan program — but returned it
The Los Angeles Lakers qualified for and received approximately $4.6 million from the government’s Paycheck Protection Program, which was established to provide relief to small […]
Mnuchin praises first day of small-business loan program — but applicants call it ‘confusion’ and ‘a scam’
The launch day of the highly touted $350 billion small-business loan program had a stuttering start Friday, from technical issues with bank websites to opaque […]
PPP loan program accidentally paid some small-business owners twice
While many small-business owners complained of missing out on crucial funding from the Paycheck Protection Program, others mistakenly ended up receiving their money twice — […]
Which companies are returning their PPP loan? Here’s the list.
Facing public backlash, government warnings, and private misgivings, more than a dozen publicly traded companies and big businesses have so far announced they have returned, […]
Private haven for wealthy received $2M from small business loan program
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business […]
Facing furor, Ruth’s Chris high-end steak chain returns $20M small-business loan
Ruth’s Chris Steak House will return the $20 million coronavirus small-business loan it procured from the government’s $350 billion Paycheck Protection Program, the company announced […]
Shake Shack returning $10 million government loan meant for small businesses
Shake Shack, one of several large restaurant chains that got federal loans through the coronavirus stimulus law meant to help small businesses, said Sunday night […]
Small-business loan program ran out of money within minutes, some banks say
Much of the $350 billion in the Small Business Administration’s emergency coronavirus relief fund was effectively spoken for within the first minutes of launch, according […]
How to stop the business loan program from benefiting the rich
When the Small Business Administration’s $350 billion loan program ran out of money on Thursday, few people in the business world were surprised. With hundreds […]
Small business loan program just hit its $350 billion cap and is now out of money
One of the main coronavirus relief fund sources for suffering small businesses hit its $350 billion limit Thursday and is no longer accepting any more […]
Unapproved online lenders want a piece of the new coronavirus loan program for small businesses
As the government’s small business lending program struggles to find its footing, many online and alternative lenders say they’re filling the void, offering to help […]
Outages and delays mar new small business loan program
The electronic system the Small Business Administration is using to set up new coronavirus loans was down much of Monday, according to senior banking executives, […]
Small business owners stuck in loan limbo as new government programs stumble
Small business owners say they are frustrated with the rollout of coronavirus loan programs that promised quick cash but have become mired in technical and […]