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PPP

COVID-19

A busy year for tax accountants, even with a July 15 filing deadline

by Justin Ho
Jul 15, 2020
They've been processing PPP loans, and also simply helping clients navigate a tough financial climate.
The tax season is far from over, too. Some are applying for the Oct. 15 extension.
Tim Boyle/Getty Images
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COVID-19

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

by Kai Ryssdal and Maria Hollenhorst
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
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COVID-19

Who got PPP loans? Trump administration releases the data.

by Sabri Ben-Achour , Nova Safo and Alex Schroeder
Jul 7, 2020
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
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COVID-19

PPP loans deadline passes, but not before Senate approves extension

by David Brancaccio , Nova Safo and Alex Schroeder
Jul 1, 2020
Congress and the Trump administration have not yet agreed on a plan for distributing the unused $130 billion remaining in the program.
Getty Images
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COVID-19

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

by Justin Ho
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
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COVID-19

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

by David Brancaccio , Nova Safo , Rose Conlon and Alex Schroeder
Jun 24, 2020
Because loan amounts were based on how much companies pay their employees, lower-income workers got less money.
Getty Images
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COVID-19

Some businesses now have an easier way to apply for PPP loan forgiveness

by Justin Ho
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.
Joe Raedle/Getty Images
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COVID-19

How one food producer kept business going amid the pandemic

by Kai Ryssdal and Maria Hollenhorst
Jun 16, 2020
Grand Prairie Foods lost 80% of its hospitality and travel-related business in one day. To survive, it's focusing on packaged foods.
When the Smithfield Foods pork processing plant in Sioux Falls, South Dakota, became one of the hot spots of the COVID-19 outbreak, Kurt Loudenback, the CEO of Grand Prairie Foods, asked many of his workers to stay home.
Kerem Yucel/AFP via Getty Images
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COVID-19

Who got those PPP loans? The government doesn't want to tell.

by Kristin Schwab
Jun 15, 2020
The Trump administration says the relevant part is that the COVID-19 relief loans complied with the law — not who actually got them.
Treasury Secretary Steven Mnuchin speaks at a Senate Small Business and Entrepreneurship Committee hearing.
Al Drago Pool/Getty Images
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COVID-19

Banks are getting a boost from PPP loans

by Justin Ho
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
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