PPP
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Small Businesses Can Apply for PPP Loans Starting Jan. 11, Find Out the Details
Congress included up to $284 billion toward the small business loan program as part of the Covid-19 relief package that went into effect near the end of 2020.
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Arrests for Fraudulent PPP Loans, Reality Star Bought Rolex and Rolls Royce
A reality TV star in Atlanta has been arrested after he bought a Rolex, a 5.73 carat diamond ring, leased a Rolls Royce and paid child support with his PPP loan.
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New PPP Loans Lawsuit Filed Against Chase and Its Clients Ruth’s Chris and Phunware
A new class action lawsuit has been filed against Chase and two of its largest clients, Ruth’s Chris and Phunware, accusing them of profiting from the $349B COVID-19 relief program by cheating small businesses.
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Small Business Loan Applications Restart Monday at 10:30AM with $320B of New Funds
The new bill will replenished it with another $320 billion in new money. The U.S. Small Business Administration announced that Round Two of the Paycheck Protection Protection will launch at 10:30 a.m. Monday, April 27.
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Senate Approves New $484 Billion Relief Package, $310 Billion Going to PPP
The Senate approved a new relief package worth roughly $484 billion. The bulk of the package will go towards funding the now depleted loan program for distressed small businesses. It will also provide funds for hospitals and coronavirus testing.
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$350B Small Business Relief Fund Has Run Out of Money
The small business rescue fund that was set up by Congress has exhausted its $350 billion funding capacity. Without additional funding, banks and the Small Business Administration are unable to approve anymore loans.
