Small Business

Congress Sets Up Another Mad Dash For Small Business Cash

Business groups are pleading for changes to the Paycheck Protection Program, which has come under mounting criticism for giving money to big companies.
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Publicly Traded Companies Got $300 Million In Small Business Loans: AP Investigation

Neither the Trump administration nor the lending industry has disclosed a list of Paycheck Protection Program beneficiaries.
By Reese Dunklin, Justin Pritchard, Justin Myers and Krysta Fauria, AP

Banks Funneled Stimulus Funds To Largest Companies To Fatten Fees, Lawsuits Say

Small business owners are suing Wells Fargo and other big banks, saying they "rigged" the coronavirus Paycheck Protection Program to favor large companies.
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Shake Shack Returns $10 Million Government Loan Meant For Small Businesses

The company said it got coronavirus relief funds because they were open to any restaurant chain with less than 500 employees at a single location.
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Deal On Small Business Loan Package Expected This Week, Mnuchin Says

The tentative agreement would offer another $300 billion in loans, as well as funds for hospitals, coronavirus testing and disaster relief.
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The Stimulus Isn’t Enough

While the federal government is making big companies whole during the COVID-19 crisis, working families and small businesses will suffer.
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The Paycheck Protection Program Hasn't Served Restaurants Well

The hardest-hit industry is not getting the most help from the new anti-layoff initiative.
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Tribes Aren't Getting COVID-19 Aid Because Federal Agencies Are Flailing

"They don't know how to interact in the appropriate way with tribes and they're just not getting the job done," says Sen. Tom Udall.
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As Paycheck Protection Program Runs Out Of Money, Many Firms Haven't Seen Any

Lawmakers say they want to add funding, but they're fighting about how to do it.
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Bar Owner Pays Out-Of-Work Staff $3,714 With Cash That Was Stapled To Walls

Patrons at a Georgia bar would write down memories they made there on dollar bills and fasten them to the wall. During COVID-19, that tradition came in handy.
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