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You are here: Home / Archives for Paycheck Protection Program

House Approves Additional $320 Billion for Small Business Paycheck Protection Program

April 24, 2020 By CollisionWeek Editor

The U.S. House of Representatives yesterday approved additional funding for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) portion of the CARES Act that provides low interest loans for small businesses that can be forgiven if the business uses 75% of the funds for payroll. The House vote follows the passage in the […]

Filed Under: News Tagged With: Coronavirus, legislation, Paycheck Protection Program, U.S. House of Representatives, U.S. Small Business Administration

U.S. Senate Approves Additional $320 Billion for Small Business Paycheck Protection Program

April 22, 2020 By CollisionWeek Editor

Passage in U.S. House expected tomorrow. The U.S. Senate yesterday approved additional funding for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) portion of the CARES Act that provides low interest loans for small businesses that can be forgiven if the business uses 75% of the funds for payroll. Congressional Democrats held up […]

Filed Under: News Tagged With: Paycheck Protection Program, U.S. Small Business Administration

Treasury Secretary Says Paycheck Protection Program Will Have Funds to Support All Eligible Small Businesses

April 8, 2020 By CollisionWeek Editor

In a television interview today, Mnuchin assures small businesses that program will not run out of money and all eligible businesses will be funded. U.S. Treasury Secretary Steven Mnuchin today sought to assure small business operators in a television interview that the SBA Paycheck Protection Loan program for small businesses will have all necessary funding […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration

$349 Billion Small Business Paycheck Protection Program Applications Open Today

April 3, 2020 By CollisionWeek Editor

SBA PPP loan program icon

Following President Trump’s signing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin announced that the SBA and Treasury Department have initiated a mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The […]

Filed Under: News Tagged With: Coronavirus, Paycheck Protection Program, U.S. Small Business Administration

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