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Two Years Into COVID, Was $800 Billion PPP Loan Worth It?
President Donald Trump rolled out the Paycheck Protection Program to catapult the U.S. economy into a quick recovery from the coronavirus pandemic
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Mass. Pizza Shop Owner Used Fraudulent PPP Loan to Buy Vt. Alpaca Farm
The owner of a Massachusetts pizza parlor lied about the number of employees he had to fraudulently obtain more than $660,000 in federal coronavirus relief funds, then used some of the money to buy and stock an alpaca farm in Vermont, federal prosecutors said Tuesday. Dana McIntyre, 57, of Grafton, Vermont, was arrested Tuesday and charged with wire fraud and…
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Biden Announces Revamp of Paycheck Protection Program for Small Businesses
President Joe Biden held a press conference detailing a plan for rolling out a Paycheck Protection Program designed to help small businesses trying to stay afloat through the pandemic. Only companies with fewer than 20 employees can apply for the forgivable loans under the revamp. Meanwhile, Biden’s pick for Attorney General, Merrick Garland, faces a two-day confirmation hearing in front...
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President Biden Makes Changes to Paycheck Protection Program That Could Help Small Businesses
The Biden Administration announced changes to the Paycheck Protection Program that offers forgivable loans, aiming to help struggling small businesses with new measures, including a two-week window just for businesses with less than 20 employees to apply. NBC10’s Lauren Mayk explains.
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Biden Changes PPP Rules to Give Smallest Businesses Access to Loans
President Joe Biden is targeting more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. The administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees can apply for forgivable loans under the Paycheck Protection Program.
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Philadelphia Businesses to Receive Loans From the Paycheck Protection Program
Businesses trying to survive now have a chance to get in on the second round of the Federal Paycheck Protection Program. NBC10’s Mitch Blacher takes a look into which industries are eligible to receive money.
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Minority-Owned Companies Waited Months for Loans, Data Shows
Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications
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Paycheck Protection Program Provides Boost for Minority-Owned Businesses
Philadelphia organizations have launched a campaign to prepare regional minority-owned businesses to apply for additional Paycheck Protection Program funding. Keith Ellison of the Urban League of Philadelphia explains the impact of PPP.
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Feds Seize Millions in PPP Funds From International Ministry
The U.S. Secret Service seized more than $8 million from accounts linked to ASLAN International Ministry, which got PPP funds.
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Many Restaurants Are on the Brink of Closing. Here's How to Help Them Stay Afloat
The coronavirus pandemic has been incredibly damaging for the restaurant industry in the United States: The National Restaurant Association estimates that at least 17% of the country’s food service establishments have already shuttered, with 10,000 restaurants having closed their doors in just the past three months.
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Anti-Gay Nonprofits, Businesses Received Millions in Covid-19 Aid
A number of organizations, schools and businesses with either a history of anti-LGBTQ advocacy or policies that explicitly discriminate against lesbian, gay, bisexual, transgender and queer individuals have received millions in pandemic relief funding, according to an NBC News analysis of data released last week by the Small Business Administration. The Paycheck Protection Program (PPP) — which was intended to help…
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A Maine Farm No One Has Ever Heard of Received $1.2M PPP Loan
A Paycheck Protection Program loan for nearly $1.2 million issued to an organic farm operator allegedly located in western Maine has raised suspicion after a massive disclosure of federal records about the small business relief program. According to records released by the U.S. Small Business Administration, Common Ground Organic Farm LLC, based in Bridgton, received the loan. The records show…
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Accused Hate Groups Receive Pandemic Aid
Fourteen organizations designated as hate groups by the Southern Poverty Law Center or the Anti-Defamation League have received funding from the Paycheck Protection Program totaling nearly $4.5 million, according to data released last week by the Small Business Administration revealing who benefited from the pandemic federal relief funds.
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NJ Attorney Indicted With Defrauding $9M in COVID-Relief Scheme: Feds
An attorney in New Jersey has been indicted with multiple counts of bank fraud and other crimes for allegedly obtaining, fraudulently, nearly $9 million in federal Paycheck Protection Program (PPP), according to prosecutors. Jae H. Choi, 48 and of Cliffside Park, was indicted Tuesday with four counts of bank fraud, four counts of false statements on a loan application, one…
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What Business Owners Need to Know About the Paycheck Protection and Main Street Lending Programs
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.
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AP: Catholic Church Lobbied for Taxpayer Funds, Got $1.4B
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
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What Unites Planned Parenthood, Kushner and Kanye? PPP Loans
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.
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Nearly 100K Pa. Businesses, Organizations Got Federal Coronavirus Loans, So Far
The Treasury Department has released the names of more than 26,000 businesses or organizations based in Pennsylvania that received funds from a federal program intended to support the economy as states shut down to stem the spread of the coronavirus
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Senate Extends Small Business Coronavirus Relief Program
Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.
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Billions of Dollars in Aid for Small Businesses Go Unclaimed
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