PPP

The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs.

Source: en.wikipedia.org

Shake Shack Decides To Give Back $10M PPP Loan
Shake Shack Decides To Give Back $10M PPP Loan
April 20, 2020  |  Loans

Shake Shack founder Danny Meyer and chief executive officer (CEO) Randy Garutti said on Monday (April 20) that they are returning the $10 million Paycheck...

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Mnuchin: Deal On New PPP Funding Near
Mnuchin: Deal On New PPP Funding Near
April 19, 2020  |  Coronavirus

Treasury Secretary Steven Mnuchin, along with Democratic leaders, said they are close to closing a deal that would lend more money to small businesses struggling...

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Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
Chamber CEO Donohue Urges Congress To Pass More Stimulus Measures On Monday
April 19, 2020  |  Loans

Tom Donohue, CEO of the U.S. Chamber of Commerce, is urging Congress to finish up a plan for the next round of stimulus spending by...

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Big Restaurant Chains Feast On Millions From PPP Program
Big Restaurant Chains Feast On Millions From PPP Program
April 19, 2020  |  Loans

The hospitality group behind Ruth’s Chris Steak House — operator or franchiser of 159 restaurants — showed a profit of $42 million on $468 million...

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JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
April 17, 2020  |  Loans

JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association...

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SBA Says It Has Approved 1.6M PPP Loans
SBA Says It Has Approved 1.6M PPP Loans
April 17, 2020  |  Loans

The U.S. Small Business Administration (SBA) says that nearly 5,000 lenders have approved 1.6 million loans totaling $342.2 billion under the agency’s Paycheck Protection Program. Get...

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FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error
FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error
April 17, 2020  |  Legal

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP)....

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The Fed Communicates Rule Change For The SBA’s PPP
The Fed Communicates Rule Change For The SBA’s PPP
April 17, 2020  |  Coronavirus

To enhance the effectiveness of the Paycheck Protection Program (PPP) of the Small Business Administration (SBA), the Federal Reserve Board announced a rule change. The...

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PPP, Cross-Border AP, Stimulus Funds Top This Week’s News
PPP, Cross-Border AP, Stimulus Funds Top This Week’s News
April 17, 2020  |  News

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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