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$130 billion left at Paycheck Protection Program deadline, but Senate acts to extend it

Late Tuesday, just a few hours before the Paycheck Protection Program was scheduled to shut down, the Senate approved a five-week extension. It wasn’t clear when the House might take up the bill......»»

Category: topSource: bizjournalsJun 30th, 2020

U.S. Senate extends PPP for small businesses

The Senate has passed an extension of the popular Paycheck Protection Program for small businesses, which was set to close down Tuesday night with more than $130 billion in funding left over. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 2nd, 2020

The federal government extended the Paycheck Protection Program after $130 billion out of $660 billion went uncollected. Here"s what new applicants need to know.

MANDEL NGAN/AFP/Getty The application deadline for the Paycheck Protection Progra.....»»

Category: topSource: businessinsiderJul 5th, 2020

Senate Unanimously Approves Extension Of Terms For Coronavirus Small-Business Loans

Small businesses will now have up to 24 weeks to use Paycheck Protection Program loans extended to them during the COVID-19 pandemic. The deadline was raised from eight weeks after the Senate unanimously approved the extension Wedne read more.....»»

Category: blogSource: benzingaJun 4th, 2020

Senate passes bill lengthening coronavirus small-business loan terms

The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline......»»

Category: topSource: reutersJun 3rd, 2020

Capitol Report: House approves bill that gives small businesses more time to use PPP loans and lets them spend less on payroll

The House action comes as Senate Republicans and the Trump administration also back extending the deadline for spending Paycheck Protection Program money beyond the current eight weeks......»»

Category: topSource: marketwatchMay 28th, 2020

Time to Fix What’s Broken: Senate Leaders Seek Oversight of PPP Loans

WASHINGTON, D.C. – Since the launch of the Paycheck Protection Program (PPP), small business owners have been left behind by their banks and the government... The post Time to Fix What̵.....»»

Category: blogSource: valuewalkMay 5th, 2020

Want in on round two of PPP loans? Bankers share their advice

The U.S. Senate OK'd a long-awaited deal Tuesday evening for another $310 billion in funding for the Small Business Administration's wildly popular Paycheck Protection Program. Here's what you should know about round two......»»

Category: topSource: bizjournalsApr 22nd, 2020

Senate OKs bill to replenish virus small-business loan program

The Paycheck Protection Program, which provides loans to small businesses, was halted Thursday after it allocated all of its initial $349 billion......»»

Category: topSource: moneycentralApr 21st, 2020

Senate passes $480 billion package to expand funding for small-business loans and testing. The bill now moves to the House.

Chip Somodevilla/Getty Images The Senate passed a $484 billion legislative package, the Paycheck Protection Program Increase Act, on Tuesda.....»»

Category: topSource: businessinsiderApr 21st, 2020

SBA releases redacted PPP data; lawsuit for full disclosure continues

The U.S. Small Business Administration on Monday released a redacted slice of Paycheck Protection Program data that identifies major recipients as well as the extent of jobs supported by the $659 billion program during the country's initial economic hi.....»»

Category: topSource: bizjournalsJul 6th, 2020

What every PPP recipient should know

The Senate passed an extension to the SBA's Paycheck Protection Program June 30 that would run the program into early August......»»

Category: topSource: bizjournalsJul 2nd, 2020

Senate extends Paycheck Protection Program as coronavirus cases spike

Democrats drove a temporary extension of a.....»»

Category: topSource: chicagotribuneJul 1st, 2020

Paycheck Protection Program will leave billions unspent. ‘It seemed to be structured by people who might not know how small businesses are run.’

More than $140 billion in loan money remained unclaimed out of $659 billion allocated by Congress. It will be up to Congress to decide.....»»

Category: topSource: chicagotribuneJun 29th, 2020

Still thinking about applying for a Paycheck Protection Program loan? There’s a new form to fill out and the deadline is soon

The Small Business Administration has new applications for small businesses seeking money from the Paycheck Protection Program......»»

Category: topSource: marketwatchJun 19th, 2020

Senate Democrats press for simplified Paycheck Protection Program loan forgiveness application

In a letter released Friday, 47 Democratic senators pressed the Small Business Administration to create a new, streamlined application for small businesses to have subsidized loans forgiven......»»

Category: topSource: washpostJun 15th, 2020

JPMorgan Chase tops list of Paycheck Protection Program lenders

The SBA revealed the names of the 15 largest lenders, which together have approved $153.1 billion across 1.4 million loans as of June 6......»»

Category: topSource: bizjournalsJun 11th, 2020

See the banks that top the list of Paycheck Protection Program lenders

The U.S. Small Business Administration has revealed the names of the 15 largest lenders for the Paycheck Protection Program, which together have approved $153.11 billion across 1.43 million loans as of June 6. Find out which lenders top the list......»»

Category: topSource: bizjournalsJun 10th, 2020

SBA expects large uptick in PPP loan requests, but leftover funds likely to remain

The Paycheck Protection Program is likely to end with money left over, though observers once thought demand would exceed supply. Read the comments from Rob Scott, Great Lakes regional administrator for the SBA......»»

Category: topSource: bizjournalsJun 10th, 2020

Congress approves sweeping changes to PPP. Here are the details

The U.S. Senate approved sweeping changes to the Small Business Administration's Paycheck Protection Program Wednesday evening, making the program's lending terms more favorable to restaurants, retailers and other businesses. The bipartisan bill, tit.....»»

Category: topSource: bizjournalsJun 3rd, 2020

Capitol Report: Senate OKs tweaks to small-business lending program; bill goes to Trump for signature

It took some last-minute wrangling and a letter as well, but the Senate late Wednesday passed a bill easing conditions for small businesses tapping the government’s Paycheck Protection Program......»»

Category: topSource: marketwatchJun 3rd, 2020