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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

Banks eager to help clients get PPP cash while funds are available

May 4, 2020
The second round of Paycheck Protection Program funding has yet to be exhausted.
An empty coffee shop in New York. Many small businesses may rely on the second round of PPP loans.
Spencer Platt/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

What's an "essential" business, and who decides?

Apr 27, 2020
Some mandates are written in clumsy legal jargon that’s hard to understand.
Golf courses in some parts of Florida are considered "essential."
Cliff Hawkins/Getty Images

A small gelato business confronts big questions

Apr 22, 2020
The owner of two Los Angeles stores shares her fears and hopes about surviving the coronavirus pandemic.
Courtesy of Uli Nasibova

Small businesses uncertain about emergency loan applications

Apr 15, 2020
The Small Business Administration says over 1.3 million loan applications have been approved as of Wednesday. But many businesses whose loans have been approved haven’t yet seen any of the money.
Small businesses are still waiting on money from the Paycheck Protection Program.
Victor J. Blue/Getty Images

For public good, not for profit.

Small businesses seeking loans to cover COVID-19 losses face confusion, frustration and uncertainty

The loan program was designed before we understood how long this crisis might last, Amanda Ballantyne of Main Street Alliance says.
Jason Kempin/Getty Images

Doubling down on chocolate bunnies

Apr 9, 2020
A Maine-based business has ramped up Easter production, keeping its employees at work and donating unsold chocolate to local nonprofits.
Melissa Mullen Photography

For small businesses, promise of federal emergency loans turns into "waiting game"

Apr 7, 2020
Banks are starting to process applications for loans from the federal government’s Paycheck Protection Program, but businesses aren’t sure when they’ll see the checks.
The small business loan part of the stimulus package is still causing uncertainty.
Christian Petersen/Getty Images