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SBA

COVID-19

Eight weeks in, businesses face hard choices over PPP loans

by Justin Ho
May 22, 2020
The federal relief loans can be forgiven if businesses spend 75% on payroll within eight weeks. For some businesses, that's a problem.
A bar in New York sells cocktails to go in March. Small businesses are still struggling eight weeks after the CARES Act became law.
Victor J. Blue/Getty Images
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COVID-19

Small banks worry they're at a disadvantage in new round of SBA loans

by Justin Ho
Apr 27, 2020
Banks submitting 5,000 or more applications can upload one document. Banks submitting fewer have to enter information manually.
Small banks across the country reported technical problems submitting loans to the Small Business Administration.
Angela Weiss/AFP via Getty Images
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