by mujair | Aug 7, 2020 | Business & Finance News
Small businesses employ nearly half of America’s nongovernment workers, and the paycheck program preserved at least 1.4 million jobs through early June, a recent economic analysis concluded. More than five million companies received loans, averaging $102,000 each....
by mujair | Jun 30, 2020 | Business & Finance News
After a stumbling start three months ago, the government’s centerpiece relief program for small businesses is ending with money left over. The Paycheck Protection Program is scheduled to wrap up on Tuesday after handing out $520 billion in loans meant to preserve...
by mujair | Apr 27, 2020 | Business & Finance News
A company in Georgia paid $6.5 million to resolve a Justice Department investigation — and, two weeks later, received a $10 million federally backed loan to help it survive the coronavirus crisis. Another company, AutoWeb, disclosed last week that it had paid its...
by mujair | Apr 26, 2020 | Business & Finance News
One day before the federal government’s $349 billion aid program for small businesses was set to go live, the chief executive of a Minnesota bank was frantically dialing officials in Washington. Grand Rapids State Bank needed more time to understand the program, said...
by mujair | Apr 11, 2020 | Business & Finance News
When Joseph Levey logged in to Chase Bank’s lending portal early Tuesday, he hoped he would finally be able to submit his law firm’s application for a federal stimulus loan. He had been trying since the previous Friday. “One of the C.P.A.s I work with was just heading...
