Meanwhile, records show that more than 3,300 loans of $150K and up have been distributed across the Triangle. Statewide, there were 16,324 loans of that size. That translates to a total of nearly 497,000 “protected” jobs.
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Small businesses and startups still interested in getting a Paycheck Protection Program loan now have more time to do so. And $130 billion in loans remains available.
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A new Government Accountability Office report out Thursday blasts the Small Business Administration for not providing them with detailed data on who received the loans, information GAO argued was essential to providing oversight.
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A new report from UNC’s Kenan-Flagler Business School “Frontiers of Entrepreneurship” lays out just how wide spread the damage has begun and also makes clear that better definitions about what is and isn’t a small business also are needed to help better understand – and deal with – what has happened.
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Just how badly American small businesses have been hammered by the economic fallout created by stay-at-home orders dealing with the COVID-19 pandemic are spelled out in a new research paper. We’ve got the details.
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The Main Street Program from the Federal Reserve may now be a more attractive opportunity for smaller business, such as startups and emerging entrepreneurial companies, as an alternative to the Paycheck Protection Program being offered by the U.S. Small Business Administration.
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The Paycheck Protection Program Flexibility Act is now law. Here’s what you need to know.
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