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 […]
Tag: smallbusiness
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 — […]
Latino small-business owners work to stay open during coronavirus pandemic
When the coronavirus hit, small-business owners were forced to navigate new territory and make difficult decisions — fully moving operations online, reducing staff or quickly […]
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 […]
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 […]
Some small-business owners got $0, while lenders got billions in fees
Small-business owners across America are outraged after the coronavirus relief program intended to extend them a financial lifeline exhausted its $350 billion fund less than […]