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President Trump, pictured June 5, signs a bill extending the time period for businesses to use funds from the Paycheck Protection Program. On Saturday he signed a bill extending the deadline to apply for the program.

Trump Signs Small Business Loan Program Extension

Jul 04, 2020
The Paycheck Protection Program, enacted to help small businesses dealing with the coronavirus pandemic, had expired Tuesday. With Trump's signature Saturday, the new deadline to apply is Aug. 8.
NPR
Coronavirus Live Updates
Treasury Secretary Steven Mnuchin gestures toward Federal Reserve Board Chairman Jerome Powell, as they appear before a House Committee on Financial Services hearing on oversight of the Treasury Department and Federal Reserve pandemic response, on Tuesda

House Follows Senate In Passing Extension Of COVID-19 Business Loans

Jul 01, 2020
The Paycheck Protection Program, part of the $3 trillion pandemic response package passed by Congress in March, has been extended to Aug. 8.
NPR
The Coronavirus Crisis
Cory Obenour, chef and co-owner of the Blue Plate restaurant in San Francisco, prepares takeout and delivery orders. The restaurant received funds from the Paycheck Protection Program, according to the Associated Press.

Why The Small Business Rescue Program Has Slowed Way Down

May 28, 2020
The first round of Paycheck Protection Program funding ran out in days, but the second pot of money has more than $140 billion left after a month. Some business owners decided the PPP wasn't for them.
NPR
The Coronavirus Crisis
In letters obtained by NPR, the Small Business Administration informs local Planned Parenthood affiliates that they are ineligible for loans received through the Paycheck Protection Program because of rules intended to limit the funds to small businesses

Trump Administration To Planned Parenthood: Return Coronavirus Relief Funds

May 21, 2020
The Small Business Administration is asking local Planned Parenthood affiliates to return funds received under a coronavirus relief program.
NPR
The Coronavirus Crisis
Rosemary Ugboajah (at front) with her company's leadership team, Alan Tse and Sheri Ellis.

Minority-Owned Small Businesses Were Supposed To Get Priority. They May Not Have

May 12, 2020
The CARES Act required the Small Business Administration to tell banks to prioritize underserved communities for coronavirus relief loans. That didn't happen, a new inspector general's report found.
NPR
The Coronavirus Crisis
Signs are displayed in the window of a store in Grosse Pointe Woods, Mich. The Paycheck Protection Program, aimed at helping small businesses survive the coronavirus crisis, has been beset by problems.

Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks

May 04, 2020
Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?
NPR
The Coronavirus Crisis
Christian Piatt, co-owner of the Brew Drinkery in Granbury, Texas, was forced to close his brewery's doors due to the coronavirus less than two months after he opened.

Small Businesses Say Rescue Loans Come With Too Many Strings Attached

Apr 28, 2020
Business owners lucky enough to get the federal rescue funds are wrestling with paying their employees, even when their doors are closed.
NPR
Coronavirus Live Updates
The Los Angeles Lakers and a handful of businesses are returning money they received from a federal program that was intended to help small companies hurt by the coronavirus pandemic.

Even The LA Lakers Got A PPP Small Business Loan

Apr 27, 2020
The $3.7 billion NBA franchise and a handful of businesses are returning money they received from a federal program that was intended to help small companies hurt by the coronavirus pandemic.
NPR
Coronavirus Live Updates
Banks reported struggling to get through to the Small Business Administration on Monday to enter loan application information to the newly replenished small business relief program.

Small Business Loans Site Crashes On First Day Of Reopening

Apr 27, 2020
Bankers tell NPR that the SBA's portal wouldn't allow them to enter the loan application information that is needed to access the PPP program.
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