PPP

The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs.

Source: en.wikipedia.org

Report: PPP Helped SMBs Retain 2.3M Employees
Report: PPP Helped SMBs Retain 2.3M Employees
July 22, 2020  |  SMBs

The Paycheck Protection Program (PPP), enacted to help small- to medium-sized businesses (SMBs) retain employees during the pandemic, was able to save around 2.3 million...

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AICPA, CPA.com Roll Out Tool For PPP Forgiveness
AICPA, CPA.com Roll Out Tool For PPP Forgiveness
July 20, 2020  |  B2B Payments

To automate the Paycheck Protection Program (PPP) forgiveness procedure for small- to medium-sized business (SMB) owners, the American Institute of Certified Public Accountants (AICPA) and...

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Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
July 17, 2020  |  Loans

Another phase of the Paycheck Protection Program (PPP) should be more focused and should provide loans on a “more targeted” basis to help the companies...

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Bank Lending Under Pressure As Investment Banking Booms
Bank Lending Under Pressure As Investment Banking Booms
July 12, 2020  |  Banking

Bank earnings have unusually high stakes this quarter, with investors’ dividends at stake and banks expected to add billions to their loan-loss reserves due to...

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Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
July 10, 2020  |  Merchant Innovation

More than a few notable companies have started in a Silicon Valley garage. Maurice Brewster, CEO of Mosaic Global Transportation, said he believes he’s one...

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Mnuchin: Any PPP Extension Would Be ‘More Targeted’
Mnuchin: Any PPP Extension Would Be ‘More Targeted’
July 09, 2020  |  Economy

At a time when many businesses have used up the funds they’ve received from the Paycheck Protection Program (PPP), U.S. Treasury Secretary Steven Mnuchin said...

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Tech Startups Laid Off 70K Since March
Tech Startups Laid Off 70K Since March
July 08, 2020  |  Startups

No sector of the U.S economy has been spared from the economic fallout of COVID-19. But the ranks of tech startups have been devastated with...

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PPP Loans, Cash Crunches And Now, The Specter Of Public Shame
PPP Loans, Cash Crunches And Now, The Specter Of Public Shame
July 08, 2020  |  SMBs

And now: Stimulus funding as a tool for public shaming. Depending on how you look at it, the fact that roughly $130 billion is left...

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