The Paycheck Protection Program, which provided emergency loans to small businesses amid the pandemic, will wind down soon. Economists are divided on whether it saved enough jobs to justify its cost.
Chef Amanda Cohen, owner of Dirt Candy in New York City, says the coronavirus relief package's $28.6 billion for independent and small-chain restaurants means many in the industry can stay afloat.
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.
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.
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.
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?
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.