Posts filtered by tags: Paycheck Protection Program[x]


 

As another stimulus package hangs in the balance, some programs like unemployment benefits are set to expire by the end of March

Getty Dems are trying to pass the $1.9 trillion stimulus bill before certain benefits expire before the end of the month. The current package includes $1,400 stimulus checks and $400 payments in federal unemployment benefits. Programs at stake include unemployment benefits and food stamp benefits. Visit the Business section of Insider for more stories. The House passed the $1.9 trillion stimulus bill over the weekend. The proposal now heads to the Senate in a race to approve the massive c...
Tags: Politics, Congress, Senate, Trends, Joe Biden, Cnn, United States, House, Biden, PPP, Stimulus, Century Foundation, Coronavirus, Lauren Frias, COVID-19, Stimulus Package


In the News: Biden Sets New PPP Loan Rules for Small Businesses

Earlier this week, President Joe Biden put in place new rules for the Paycheck Protection Program that gives exclusive access to these PPP loans to the smallest of small businesses in America. Starting on Wednesday, companies with less than 20 employees, will be the only businesses allowed to apply for PPP loans. This exclusivity lasts for 2 weeks. Biden says these small businesses have been “muscled out” of the PPP loan process too often through the course of the pandemic. More than 5 million ...
Tags: Sales, America, Joe Biden, Biden, PPP, Small Business News, Paycheck Protection Program


PPP rule changes help get loans to small minority-owned businesses: ‘I’m glad somebody saw the light’

Biden administration changes to the Paycheck Protection Program have boosted interest in the program and loan amounts to minority-owned Chicago businesses, including sole proprietors.
Tags: Chicago, Biden, PPP, Paycheck Protection Program


The PPP gave millions to big corporations. Now for two weeks, it’s only for mom-and-pop firms, a boost for minority-owned businesses and others left out.

Biden administration changes to the Paycheck Protection Program have boosted interest in the program and loan amounts to minority-owned Chicago businesses, including sole proprietors.
Tags: Chicago, Biden, PPP, Paycheck Protection Program


PPP loan changes helping small minority-owned Chicago businesses: ‘I’m glad somebody saw the light’

Biden administration changes to the Paycheck Protection Program have boosted interest in the program and loan amounts to minority-owned Chicago businesses, including sole proprietors.
Tags: Chicago, Biden, PPP, Paycheck Protection Program


Nearly 330 small business leaders call for $1.9 trillion stimulus relief package

Ralph Mercier, owner of Mercier's Salon, pauses from hanging up snowflakes in the window of his business in downtown Calais, Maine. Erin Clark/The Boston Globe via Getty Nearly 330 small business leaders signed a letter in support of Biden's $1.9 trillion stimulus. The package includes measures for small business, which has been decimated by the pandemic. PPP loans saved at least 1 million jobs, but small business overall is two-thirds the size of early 2020. Visit the Business section...
Tags: Congress, Trends, Mit, United States, Federal Reserve, Biden, PPP, Boston Globe, National Federation of Independent Businesses, Juliana Kaplan, Ben Winck, Paycheck Protection Program, Small Business for America, Ralph Mercier, Mercier s Salon, Calais Maine Erin Clark


Coronavirus aid: Paycheck Protection loans expand to smallest businesses

By Zeke Miller | The Associated Press President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. Biden says a lot of these mom-and-pop businesses “got muscled out of the way” by larger businesses seeking federal money in the early days of the pandemic. He said changes taking effect Wednesday will provide long overdue aid to these smaller enterprises that he says are being “crushed” b...
Tags: Congress, California, America, Sport, Joe Biden, Soccer, Associated Press, Biden, Pasadena, PPP, Southern California, Trump, Zeke Miller, Paycheck Protection Program


How to Get a PPP Loan for Your Small Business, Finally

President Biden today announced changes to the COVID-relief business loans program aimed toward the small and minority-owned businesses left out in previous rounds of aid. The changes make it easier to qualify, and includes an exclusive 14-day window for small business owners to apply for loans, starting Wednesday.…Read more...
Tags: Business, Small Business, Articles, Economy, Loans, Lifehacks, Biden, Payroll, Student Loan, Small Business Administration, Business Loan, Business Finance, Sole Proprietorship, CARES Act, Paycheck Protection Program


5 ways Biden just tweaked the PPP to help the smallest businesses survive

President Joe Biden speaks in the State Dining Room at the White House on February 5, 2021. Stefani Reynolds-Pool/Getty Images Biden made changes to the Paycheck Protection Program on Monday to ensure equitable access to small business relief. The changes included a 2-week period for only businesses with under 20 employees to apply to the program. The SBA will also work to ensure access to those with student loan debt and/or unrelated prior felony charges.  Visit the Business section of In...
Tags: Maryland, Congress, White House, US, Trends, Joe Biden, Biden, PPP, Small Business Administration, SBA, Paycheck Protection Program, Ayelet Sheffey, Depts of Treasury and Education


Biden to tweak Paycheck Protection Program to better target the nation's smallest businesses

Administration officials say changes to the Paycheck Protection Program will allow more money to be directed to small businesses that need it most.       [Author: USA TODAY]
Tags: Usa, News, Biden, Usa Today, Paycheck Protection Program


Biden to tweak Paycheck Protection Program to give small businesses better access to loans

Administration officials say changes to the Paycheck Protection Program will allow more money to be directed to small businesses that need it most.       [Author: USA TODAY]
Tags: Usa, News, Biden, Usa Today, Paycheck Protection Program


Biden administration changes PPP rules to help reach the smallest businesses

The Biden administration announced several changes Monday to the Paycheck Protection Program in an effort to reach minority-owned and very small businesses that may have previously missed out on accessing loans to help weather the coronavirus pandemic.
Tags: Cnn, Biden, PPP, Paycheck Protection Program


Perdue files to run for Senate again in 2022 in Georgia

By Alex Rogers and Donald Judd | CNN Former Sen. David Perdue of Georgia filed paperwork with the Federal Election Commission on Monday evening to be a 2022 US Senate candidate, the first step in a potential comeback bid after a bruising loss in a runoff election last month. Perdue is leaning toward launching another campaign, according to a person familiar with his thinking. In a statement Tuesday, Perdue explained his motivation as twofold: to better represent Georgia Republicans and to return...
Tags: Facebook, Congress, Washington, Senate, America, Georgia, Sport, Soccer, US Senate, Fox News, God, Republican, Biden, Donald Trump, Perdue, Kamala Harris


United States: Deductions Available For Certain Expenses Paid With PPP Loan Proceeds - Dickinson Wright PLLC

In March, 2020, the CARES Act established the Paycheck Protection Program which provided loans ("PPP loans") to businesses meeting certain requirements.
Tags: News, United States, PPP, Paycheck Protection Program, PPP Loan Proceeds Dickinson Wright PLLC


If you got PPP loan, here’s what you need to know to file taxes

Can you deduct expenses paid with your Paycheck Protection Program loan funds? If your loan is forgiven, is it taxable income? Here are those answers and more.
Tags: PPP, Paycheck Protection Program


PPP Loans to Maine Businesses Approaching $500 Million

Paycheck Protection Program loans given to small businesses in Maine are approaching $500 million in total.
Tags: Maine, PPP, Paycheck Protection Program


Democrats propose $50 billion in small business aid as part of larger pandemic relief plan

Velazquez has been instrumental to helping business owners and specifically, entrepreneurs of color. Bill Clark / Contributor The House Small Businesses Committee proposed $50 billion in stimulus aid for small businesses. The bill includes $25 billion for restaurants, an additional $7.25 billion for the Paycheck Protection Program, and an additional $15 billion for Economic Injury Disaster Loans. 82% of Americans say they view small businesses aid as the most important part of any economic...
Tags: Congress, America, Trends, House, Biden, PPP, Velázquez, House Small Business Committee, Bill Clark, House Committee on Small Business, COVID, Paycheck Protection Program, Ayelet Sheffey, House Small Businesses Committee, Paycheck Protection Program House, Chair Nydia Velázquez


Sitting on billions, Catholic dioceses collected $1.5 billion in COVID-19 taxpayer aid

When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government’s signature small business relief program for more than $8 million. The diocese’s headquarters, churches and schools landed the help even though they had roughly $100 million of their own cash and short-term investments available last spring, financial records show. When the cash catastrophe church leaders feared didn’t materialize,...
Tags: New York, News, Congress, Kentucky, Boston, Milwaukee, New York City, Church, Western, America, Los Angeles, Sport, Ap, Program, Chicago, Soccer


Biden meets with GOP lawmakers on virus aid plans

By Lisa Mascaro, Josh Boak and Jonathan Lemire | Associated Press WASHINGTON — President Joe Biden met late Monday with a group of Republican senators who have proposed a slimmed down $618 billion coronavirus aid package — a fraction of the $1.9 trillion he is seeking — as congressional Democrats vowed to push ahead with or without GOP support. Biden greeted the lawmakers in the Oval Office, joking that he felt like he was “back in the Senate” as they started the private session. He and Vice Pre...
Tags: Republicans, Congress, Washington, Senate, White House, Sport, Joe Biden, Soccer, Gop, South Dakota, House, Kansas, Associated Press, Nancy Pelosi, Republican, Biden


Biden to meet with GOP lawmakers proposing smaller aid

By Aamer Madhani, Lisa Mascaro and Josh Boak | Associated Press WASHINGTON — President Joe Biden is to meet on Monday with a group of 10 Republican senators who have proposed $618 billion in coronavirus aid, about a third of the $1.9 trillion he is seeking as congressional Democrats are poised to move ahead without GOP support. The Republican group’s proposal focuses on the pandemic’s health effects rather than its economic toll, tapping into bipartisan urgency to shore up the nation’s vaccine d...
Tags: Business, Politics, News, Congress, Washington, Senate, White House, Barack Obama, Sport, Joe Biden, Soccer, Gop, South Dakota, House, Kansas, Nancy Pelosi


10 Senate Republicans unveil a $618 billion stimulus plan including $1,000 direct payments in bid to strike bipartisan deal with Biden

U.S. Sen. Susan Collins (R-ME) speaks at a hearing of the Senate Health, Education, Labor and Pensions Committee on September 23, 2020 in Washington, DC. Alex Edelman-Pool/Getty Images A group of 10 Senate Republicans led by Sen. Susan Collins of Maine unveiled a $618 billion stimulus plan The GOP plan significantly cuts spending on numerous top Biden priorities, including stimulus checks and unemployment insurance. Visit Business Insider's homepage for more stories. A group of 10 Senate R...
Tags: Congress, Washington, Senate, White House, West Virginia, Trends, Joe Biden, Gop, Maine, South Dakota, Alaska, Mitt Romney, Republican, Biden, North Carolina, Bill Cassidy


10 GOP senators plan a new compromise COVID-19 bill that would shrink direct payments to $1,000 from $1,400

Sen. Susan Collins of Maine with Sen. Rob Portman in the US Capitol. Tom Williams/CQ-Roll Call, Inc via Getty Images A new GOP compromise COVID-19 bill would cap income eligibility for direct payments at $50,000. Under the GOP proposal, the payments would also be reduced to $1,000 from $1,400. The bill's backers want to meet with Joe Biden and are urging Democrats not to bypass Republicans. Visit Business Insider's homepage for more stories. A group of 10 Senate Republicans on Sunday annou...
Tags: Politics, Republicans, Congress, Senate, White House, Nbc News, US, West Virginia, Trends, Economics, Joe Biden, Cnn, Democrats, Gop, Maine, South Dakota


United States: DOJ Announces First Civil Settlement For PPP Fraud - Cooley LLP

After bringing dozens of criminal charges against Paycheck Protection Program loan recipients in recent months, on January 12, the US Department of Justice announced its first civil settlement...
Tags: News, United States, Doj, US Department of Justice, Paycheck Protection Program, PPP Fraud Cooley LLP


Americans want Biden to prioritize aid for small businesses. Here’s how his stimulus proposal would provide relief.

A store closure in New York, NY. Spencer Platt/Getty Images Americans want President Joe Biden to prioritize small business aid and provide further relief from the pandemic. Richard Prisinzano, director of policy analysis at the Penn Wharton Budget Model, said that more aid is necessary to help businesses, but it is reliant on vaccine distribution and the pandemic timeline. Other components of Biden's stimulus proposal, like the stimulus checks and an extended moratorium on evictions, will...
Tags: Trends, Joe Biden, Treasury, Janet Yellen, Biden, Richard Prisinzano, Prisinzano, Penn Wharton Budget Model, Paycheck Protection Program, Ayelet Sheffey, New York NY Spencer Platt Getty, American Rescue Plan Biden, Penn Wharton Budget


PPP applications are open: How your small business can get loans, grants, and tax breaks from the new stimulus bill

Venita Cooper is the founder of Silhouette in Tulsa, Oklahoma. Courtesy Venita Cooper The new $900 billion stimulus deal includes $325 billion for small businesses and a continuation of the Paycheck Protection Program. The deal allocates money for specific kinds of business owners and industries, including $15 billion for entertainment venues and theaters. Business Insider reviewed the nearly 5,600-page bill and talked with experts to help you navigate how to take full advantage of its ben...
Tags: Congress, Trends, PPP, Tulsa Oklahoma, Paycheck Protection Program, Venita Cooper


United States: Issues For Cooperatives In The Paycheck Protection Program - Smith Gambrell & Russell LLP

When the Paycheck Protection Program was enacted as part of the CARES Act in March 2020 there was considerable uncertainty as to whether residential cooperatives were eligible to participate.
Tags: News, United States, Russell LLP, Paycheck Protection Program, Paycheck Protection Program Smith Gambrell


PPP applications are opening: How your small business can get loans, grants, and tax breaks from the new stimulus bill

Venita Cooper is the founder of Silhouette in Tulsa, Oklahoma. Courtesy Venita Cooper The new $900 billion stimulus deal includes $325 billion for small businesses and a continuation of the Paycheck Protection Program. The deal allocates money for specific kinds of business owners and industries, including $15 billion for entertainment venues and theaters. Business Insider reviewed the nearly 5,600-page bill and talked with experts to help you navigate how to take full advantage of its ben...
Tags: Congress, Trends, PPP, Tulsa Oklahoma, Paycheck Protection Program, Venita Cooper


Second Round of PPP Loans Now Available

The second round of PPP funding has begun. Call it PPP2, if you will. And some banks started taking applications for the Paycheck Protection Program on January 11. The second round of PPP funding includes $284 billion, and $60 million of that is for businesses that didn’t get a loan the first time. PPP is a forgivable that’s designed to help struggling small businesses keep employees on their payroll through the coronavirus pandemic. If a borrowing small business spends the money it gets throug...
Tags: Congress, Sales, Donald Trump, Small Business Loans, PPP, SBA, Small Business Administration SBA, DepositPhotos, Paycheck Protection Program, First Draw PPP, Second Draw PPP, Microloan Intermediaries Only


Eight NAR Leaders Appear on 2021 Swanepoel Power 200 List

For the fourth straight year, CEO Bob Goldberg has been ranked in the SP200’s top 10. President Charlie Oppler was also named to the SP200 list. Chief Advocacy Officer Shannon McGahn, General Counsel Katie Johnson and Chief Marketing and Communications Officer Victoria Gillespie included among 44 women on this year’s list. Five NAR honorees appear among the top 20 of the SP200’s “Most Powerful Association/MLS Executives.” Washington, D.C. – January 12, 2021 (nar.realtor) Eight National Associati...
Tags: Real Estate, News, Washington, America, Radio, New Jersey, Gillespie, Johnson, U S Department of Justice, U S Treasury, NAR, House Financial Services Committee, National Association of Realtors, Yun, Real Estate News, National Flood Insurance Program


Congress made PPP more flexible, but businesses say it's not enough

Congress has made the Paycheck Protection Program more flexible and given priority to the smallest, hardest-hit businesses, but the long-awaited second round of loans will still serve as little more than a stopgap as the pandemic rages on.
Tags: Congress, Cnn, PPP, Paycheck Protection Program