Paycheck Protection Program

Are you a business owner looking for help to get through the coronavirus pandemic? Ami Kassar, the CEO of MultiFunding and a small business advocate, breaks down what you need to know about the Main Street Lending Program and the Paycheck Protection Program.

The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid

The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.

Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.

Billions of dollars offered by Congress as a lifeline to small businesses in the pandemic are about to be left on the table when a key government program stops accepting loan applications

A Hollywood aviation management company is sharing the benefits of a taxpayer-financed loan with its private jet-owning clients after it won the loan through the federal Paycheck Protection Program, according to three clients and a copy of a letter announcing the plan.

The former head of a Hollywood production and distribution company was arrested Friday on federal charges alleging he attempted to swindle the coronavirus-relief Paycheck Protection Program out of about $1.7 million. William Sadleir, 66, was taken into custody without incident and was expected to make his initial federal court appearance Friday afternoon in downtown Los Angeles, according to the U.S….

With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance.

The owner says, because most of the aid must go to payroll but he doesn’t need many workers, he’s stuck with the loan with little benefit. Tony Shin reports for the NBC4 News at 4 p.m. on Thursday, May 7, 2020.

Two men lied about their businesses in loan applications under the new Paycheck Protection Program, federal prosecutors announced Tuesday, saying they are the first to be charged with fraud in connection with the multibillion-dollar loan initiative in the United States. The two men were been charged in Rhode Island with filing fraudulent bank loan applications seeking $438,000 from the Small…

The Small Business Association, which oversees the Paycheck Protection Program, said they have processed over 100,000 loan applications in just one day. Randy Mac reports for the NBC4 News at 4 p.m. on Monday, April 27, 2020.

The Los Angeles Lakers qualified for and received approximately $4.6 million from the government’s Paycheck Protection Program, which was established to provide relief to small businesses suffering during the coronavirus pandemic. The Lakers eventually returned the money, according to NBC News.

A $484 billion bill, earmarked for small businesses shut down by the coronavirus, is headed for the House after the Senate passed it on Tuesday. It includes items that Democratic lawmakers insisted on adding, including $75 billion for hospitals and another $25 billion to support expanded testing efforts. President Trump is expected to sign it by the end of the...

An Associated Press investigation has found that a relief fund Congress created to protect small businesses amid the coronavirus crisis has helped companies with thousands of employees, past regulatory run-ins and risks of financial failure even before the economy got walloped

Congress is said to be close to a deal on funding more small business loans to help offset losses sustained due to the COVID-19 pandemic. A vote could come Monday on an additional $250 billion for the Paycheck Protection Program. The current bill would also provide billions in help for rural and minority-owned businesses.

Tensions over testing boiled over on a conference call between Democratic senators and Vice President Mike Pence during a private conference call Friday