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

GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
June 25, 2020  |  Coronavirus

Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S....

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DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
June 23, 2020  |  Security & Fraud

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according...

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Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
June 23, 2020  |  Loans

After using their Paycheck Protection Program (PPP) loans, 14 percent of borrowers foresee needing to lay off staffers, per a survey from the NFIB Research Center. Half...

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Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
June 22, 2020  |  News

In today’s top news, Wirecard says the missing $2.1 billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. Plus, U.S. consumers...

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Why Saving Main Street Will Take More Than Just More Money
Why Saving Main Street Will Take More Than Just More Money
June 22, 2020  |  SMBs

The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020...

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Treasury To Release SMB Data On PPP Loans
Treasury To Release SMB Data On PPP Loans
June 22, 2020  |  Loans

In a 180-degree turn, the Trump administration now says it will release the names of Paycheck Protection Program (PPP) recipients and the amount of taxpayer-funded...

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Today In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net $136B In Annual Shopping Event
Today In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net...
June 19, 2020  |  News

In today’s top news, Congress is considering passing another round of PPP loans for certain small and medium-sized businesses (SMBs), and Alibaba and JD.com recorded...

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Proposal Would Allow SMBs To Get Another PPP Loan 
Proposal Would Allow SMBs To Get Another PPP Loan 
June 19, 2020  |  Loans

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized...

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Kudlow Slams $600-A-Week Extra Jobless Benefits, Says Trump Might OK Back-To-Work Bonus
Kudlow Slams $600-A-Week Extra Jobless Benefits, Says Trump Might OK Back-To-Work Bonus
June 15, 2020  |  Economy

White House Economic Adviser Larry Kudlow said in a CNN interview that the $600-a-week funds that Americans receive on top of regular unemployment benefits might...

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