Quantcast

Tag Archives: Paycheck Protection Program

Loan program is short-term fix, not cure-all, for businesses

A mannequin displays fashion masks for shoppers the buy at the Highland Park Village shopping center in Dallas. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. AP Photo by LM Otero

The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say ...

Read More »

AP: Publicly traded firms get $300M in small-business loans

Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses ...

Read More »

‘Absolute chaos’ as businesses try to tap into rescue funds

Desperate small business owners who hoped for a quick government lifeline to help them survive the coronavirus crisis are still without funds, instead battling red tape, wary banks and swamped computer systems. Thousands of owners who applied for loans under ...

Read More »