A New York City investment manager has been charged with stealing over $2.4 million through PPP loans
A page from the PPP loan application that people have to fill out for financial support due to the continuing outbreak of the coronavirus disease (COVID-19) is pictured on a desk in New York U.S., May 7,...
PPP Remains A Favorite Target Of Fraudsters
Fraudsters have discovered yet another way to infiltrate the Paycheck Protection Program (PPP), and the business email compromise (BEC) continues to reign as the biggest payments fraud threat to businesses. But this week's B2B Data Digest includes some good news, too: Corporate card fraud is actually on the decline, while there is also evidence that corporate payment fraud attacks are actually down. 68 percent of professionals surveyed...
President Biden Signs PPP Extension Into Law, Application Deadline Now May 31
On Tuesday, President Biden signed a bill extending the the deadline to apply for Paycheck Protection Program (PPP) funding from March 31, 2021 to May 31, 2021. The Paycheck Protection Program is an SBA-backed loan that...
Bidin, Congress Approve Additional Two-Month Window for PPP Loan Application
With its window for applications about to expire, President Biden today (3.30.2021) signed into law a two-month extension for small business owners to apply for a Paycheck Protection Program (PPP) loan. The House and Senate had already approved the extention with bi-partison support. Congress and the President did not have to allocate any new funds with today’s extension. The PPP has about $110 billion left to lend. Through March...
Biden signs PPP small-business aid extension into law one day before it was set to expire
President Joe Biden. AP Photo/Evan Vucci Biden signed the PPP Extension Act into law on Tuesday. This bill extends the small business lending program by two months, through May 31. It also allows the Small Business...
Congress extends PPP, but state tax news isn't so good for the COVID-relief loans
Photo: Ketut Subiyanto from Pexels The Paycheck Protection Program (PPP) was created to help small businesses continue to operate in the face of COVID-19 complications. Its execution, however, has been a mixed bag for...
Restaurant Roundup: Major Chains Expand As SMBs Seek Loans
As restaurants look to take advantage of the trillions of dollars in stimulus, including $28.6 billion in funding designated to restaurant relief that was passed earlier this month, many businesses just received a much-needed two-month extension to apply for their Paycheck Protection Program (PPP) loans, reports CNBC. The PPP Extension Act, which passed 92-7 in the Senate on Thursday (March 25) and passed 415-3 in the House of...
Most small businesses kept paying their bills during the pandemic. Experts say that can only last so long.
Ralph Mercier, owner of Mercier's Salon, pauses from hanging up snowflakes in the window of his business in downtown Calais, Maine. Erin Clark/The Boston Globe via Getty Government support has helped small...
Oriental expands access to PPP loans under new guidelines
Oriental announced it will expand access to loans for small and medium-sized businesses (SMEs) under the US Small Business Administration’s new guidelines for the Payroll Protection Program (PPP). Oriental has already awarded some $300 million in loans to more than 3,500 businesses between the first round and so far in the second round of this federal financial relief program, which opened in mid-January. “We have already awarded...