Lifeguards, veterinary assistants and architects: a look at some of the jobs protected by PPP loans

Jul 13, 2020
About 75% of small businesses sought Paycheck Protection Program loans and about 72% of them got PPP loans, according to the Census Bureau.
Seattle Veterinary Associates is among the millions of businesses that have received loans through the federal Paycheck Protection Program.
Courtesy of Seattle Veterinary Associates

How some of the 5.5 million businesses that got PPP loans spent the money

Jul 7, 2020
Most of it went to hiring back furloughed employees — or hiring new ones.
A bartender mixes a drink at a Maryland restaurant. PPP loans allowed some bars and restaurants to stay afloat during the coronavirus pandemic.
Alex Edelman/AFP via Getty Images

Who got PPP loans? Trump administration releases the data.

It's clear the loans went to some enterprises that are once again prompting questions about who really needed the government aid.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
Kameleon007 via Getty Images

PPP loans deadline passes, but not before Senate approves extension

Congress and the Trump administration have not yet agreed on a plan for distributing the unused $130 billion remaining in the program.
Getty Images

Why some business owners are applying for PPP loans at the last minute

Jun 29, 2020
The deadline for Paycheck Protection Program loan approvals is Tuesday. Some haven't been clear about their eligibility. Others have been trying since the beginning.
A woman makes a purchase at a Nevada coffee shop. Some small business owners are applying for PPP loans now because they weren't sure whether they were eligible before.
Ethan Miller/Getty Images

Which businesses got PPP loans? Probably those that needed them the least, researchers say.

Because loan amounts were based on how much companies pay their employees, lower-income workers got less money.
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Some businesses now have an easier way to apply for PPP loan forgiveness

Jun 18, 2020
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
A restaurant owner waits for customers in Key West, Florida.
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Banks are getting a boost from PPP loans

Jun 12, 2020
The program's helping them attract new customers and bring in revenue during the downturn.
A bank branch in Los Angeles. Banks processing PPP loans are seeing new business from those customers and generating fees from the government.
Valerie Macon/AFP via Getty Images

How’s the economy? vs. how’s the economy for each of us?

Jun 8, 2020
If you want to answer the second question, you’ve got to 'disaggregate' the data.
Macroeconomic data can help you see the big picture — the forest. But if you want to understand how groups within the economy are doing, examine the trees.
Patrick Pleul/DPA/AFP via Getty Images

This Black-owned restaurant couldn't get PPP funding at first. Here's how it's doing now.

Jun 8, 2020
Terence Dickson isn't opening for outdoor dining at Terra Cafe just yet, even if it might cost him some business.
Terence Dickson stands in front of "Big Blue," a delivery truck he's converted into an outdoor bar at his restaurant in Baltimore.
Amy Scott/Marketplace