The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of...
Policymakers are tapping PPP loan lessons for future-fit insights into keeping Main Street businesses healthy. Researchers say that analyzing the legacy and impact of the...
For Main Street SMBs, PPP business loans were once lifelines but now could become anchors. This, as the loans that were offered as federal aid...
The COVID-19 pandemic created a need for unprecedented government disbursements. The United States federal government alone distributed $931 billion in direct payments to approximately 165...
Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Steven Mnuchin told a House committee Tuesday (Sept. 22) that marked economic progress has been made...
Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The...
A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when...
Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported....
U.S. Democratic lawmakers, in letters to the chief executives of several large banks, demanded the release of documents related to loans made under the government’s...