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SBA Revises Guidance On PPP Loan Forgiveness
May 13, 2020

The Paycheck Protection Program (PPP) has been nothing if not fluid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

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$120B Still Available As Appetite For PPP Loans Slows
May 12, 2020

The small business Paycheck Protection Program (PPP) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small Business Administration (SBA) data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Mnuchin Wants To Fix Restaurants’ PPP Woes
May 11, 2020

Treasury Secretary Steven Mnuchin said he wants to tweak the rules of the Paycheck Protection Program (PPP) to accommodate restaurants stuck between a rock and a hard place, according to a report by The Wall Street Journal (WSJ). Get the Full Story Complete the form to...

Loans
AutoNation Returns $79M In PPP Funds
May 11, 2020

On the same day AutoNation, the Florida car retailer, reported a net loss of $232 million from operations in the first quarter, its CEO said it has returned $79 million in Paycheck Protection Program (PPP) loans. Get the Full Story Complete the form to unlock...

Loans
Deadline Looms For Five Firms To Return PPP Loans
May 11, 2020

Five publicly traded companies have until midnight on Monday (May 11) to return their Payroll Protection Program (PPP) loans or explain why they should be allowed to keep the money by Friday (May 15). Get the Full Story Complete the form to unlock this article...

Loans
Confusion Reigns As PPP Loan ‘Guidance’ Grows, Deadlines Loom
May 11, 2020

The Trump administration has piled vague and confusing guidance onto the unclear regulations of the Paycheck Protection Program (PPP), increasing tensions across the business world as deadlines for the program loom. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Loans
Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs
May 11, 2020

The conventional wisdom may be that larger firms — especially public ones — are able to weather the economic storm more adroitly than smaller brethren. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Congress, White House Spar Over Stimulus Round Three
May 10, 2020

Democrats, evoking the country’s past with the financial turmoil of the Great Depression and the recovery with the New Deal, argue that much more financial aid could be needed for the long run of the pandemic. Get the Full Story Complete the form to unlock...

Loans
Report Says SBA Erred In Providing PPP Loan Guidance
May 08, 2020

A new report says the Small Business Administration (SBA) failed to follow several congressional mandates in implementing a loan program designed to aid businesses during the COVID-19 crisis, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...