When COVID-19 began to infect Americans in early 2020, Congress appropriated $787 billion under the Paycheck Protection Program (PPP) to allow businesses and nonprofits to pay employees when they were ...

On June 13, 2023, the U.S. Small Business Administration (“SBA”) issued new FAQ 72 (“FAQ 72”) to help clarify whether amounts paid by borrowers to third-party payers for the third-party payer’s ...

The Biden administration just made it easier for very small businesses and self-employed workers to get more money in less time. Paycheck Protection Program loan portal opens to larger lenders soon: ...

The Long-Term Effects Felt by Lenders Nationwide. As a result of the United States government instituting the Paycheck Protection Program (“PPP”), companies nationwide have defaulted on hundreds of ...

When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, ...