As Congress weighs easing PPP rules, small businesses like what they hear

May 27, 2020
Among the proposed changes: more time to spend and pay back the funds, fewer restrictions on how to use it
A shuttered New York City business district in mid-May. Some of the rules that make the PPP confusing for businesses may change.
Spencer Platt/Getty Images

Citi plans to buy PPP loans from minority-owned lenders

May 21, 2020
The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.
Citi says it will purchase $50 million in loans from minority-owned lenders.
Bruce Bennett/Getty Images

SBA says PPP loans are getting smaller in the second round of lending

May 20, 2020
Business advocates say that's a sign smaller businesses are finally getting the loans they applied for.
The SBA's changes for the latest round of lending appear to be helping smaller businesses.
Olivier Douliery/AFP via Getty Images

Treasury offers new guidance on PPP loan forgiveness

May 19, 2020
The new application form for the forgiveness program offers some clarification on significant points.
The new guidelines mean businesses can bring back fewer employees and still meet the Treasury’s forgiveness requirements.
Joe Raedle/Getty Images

Coastal states win greater share of PPP's second round

May 8, 2020
Unlike the first round, the second round of the Paycheck Protection Program has largely favored coastal states. New York, New Jersey, California and Washington, D.C. received the most loans relative to their share of the US population.
A shuttered restaurant in Los Angeles. Coastal states fared better in the second round of Paycheck Protection Program funding.
Frederic J. Brown/AFP via Getty Images

Receiving a PPP loan is one thing. Having it forgiven is another.

May 7, 2020
Businesses that have received PPP loans have to carefully manage how they spend the money if they want those loans to be forgiven.
A waitress disinfects a table at a restaurant on May 5 in Stillwater, Oklahoma. One requirement of the Paycheck Protection Program is to bring back all full-time-equivalent employees.
Johannes Eisele/AFP via Getty Images

SBA temporarily shuts out big banks and businesses from Paycheck Protection Program

For eight hours, only smaller banks were able to process applications.
How can regulators make sure small businesses are the ones getting this money?
Cindy Ord/Getty Images

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Minority-owned businesses struggle to access emergency loans

Apr 28, 2020
Many of their lenders were excluded from the Paycheck Protection Program.
There's criticism that smaller and minority-owned businesses didn't get their fair share from the first round of the Paycheck Protection Program funding.
Spencer Platt/Getty Images

Farmgirl Flowers CEO on how the PPP “failed” businesses like hers

Apr 27, 2020
The direct-to-consumer flower company founder said the Paycheck Protection Program failed the small companies it was meant to protect.
Farmgirl Flowers CEO Christina Stembel at one of the company's California distribution centers.
Courtesy of Farmgirl Flowers

Upper Midwest, Great Plains states have fared best in SBA emergency loan program

Apr 23, 2020
As Congress weighs a new round of funding, data reveal that the upper Midwest and Great Plains regions benefited the most from the first round of PPP funding.
The more populous coastal states secured less loan money per capita than other states. Above, a pedestrian walks past a closed restaurant in San Francisco, California.
Justin Sullivan/Getty Images