The Senate approved a bill on March 25 extending the deadline for applying for a Paycheck Protection Program loan. The legislation gives business owners until May 31 to apply for the PPP ...

With some states reversing course on reopening as coronavirus infections surge, firms that passed on a PPP loan may want to give one a second look. The program has seen many changes since its ...

Millions of dollars in taxpayer grants went to purported children during COVID, according to new allegations from the Department of Government Efficiency. DOGE said it has found that the Small ...

Unlike EIDLs, PPP loans were not designed to cover general business expenses. Instead, their primary purpose was to keep employees on payroll and out of unemployment during the pandemic. Finally, the ...

The primary issue with celebrities taking out PPP loans is the intended purpose of the funding. Originally, the goal is to help businesses keep employees on the payroll and cover operational costs.

When a PPP loan is forgiven, the SBA transmits a payment to the bank of the loan principal plus accrued interest. The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is ...

Editor's note: Congress on Dec. 21 passed the Consolidated Appropriations Act, 2021, which includes language that clarifies the tax treatment of forgiven PPP loans allowing for small businesses to ...

The Small Business Administration approved more than $718 billion in Paycheck Protection Program loans, providing pandemic relief to millions of businesses throughout the US, according to a March ...

Under the PPP, small businesses could borrow up $10 million from private lenders without collateral, personal guarantees, or fees. These loans don't have to be repaid to the extent they're used to ...

A Connecticut company has paid more than $2 million to resolve False Claims Act allegations connected to a PPP Loan, according to ... Administration for the purpose of helping small “businesses ...