Looking at initial PPP data, finance professor Manju Puri of Duke University’s Fuqua School of Business says there could be several reasons many small businesses have missed out on funds.
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Significant comments from the Treasury Department, the SBA and the media have centered on this “necessity certification” for PPP loans. Statements by Treasury Secretary Steven Mnuchin and the issuance of additional SBA guidance are causing a great deal of uncertainty with many borrowers. Here’s an update.
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RALEIGH – North Carolina small businesses and startups are faring better in the second round of COVID-19 disaster loans under the Paycheck Protection Program. But the average loans are smaller than in round one. The nation’s ninth largest state in terms of population ranks 11th among loans approved and...
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A replenishment in the heavily criticized Paycheck Protection Program resulted in a firehose of small business lending from JPMorgan Chase, the financial institution said Friday.
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Bank of America sent 184,000 Payroll Protection Applications to the Small Business Administration on behalf of clients yet only 1,000 have been approved.
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Joanne Badr Morgan is an attorney with Ward and Smith, P.A. In this post, which is reprinted with permission, Morgan outlines the latest updates about Paycheck Protection Program funding.
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If the recent media attention for high profile borrowers such as Shake Shack and others has you rethinking your certifications under the PPP loan, you may be in luck.
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North Carolina’s banks and others around the country are gearing up for another expected onslaught of COVID-19 relief loans once new funding is approved by Congress.
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Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated Press investigation found.
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