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Paycheck Protection Program Problems

List of Banks Accepting SBA Paycheck Protection Program Loans – Update 1/13/2021
Business

List of Banks Accepting SBA Paycheck Protection Program Loans – Update 1/13/2021

ByRichard Meldner May 13, 2020April 16, 2022

PPP Loan Update: (1/13/2021) SBA, in consultation with the U.S. Treasury Department, opened up the Paycheck Protection Program loan portal on Monday, January 11, 2021…

Community Banks Moved Ahead of The Line For SBA PPP Funding This Evening
Business

Community Banks Moved Ahead of The Line For SBA PPP Funding This Evening

ByRichard Meldner April 29, 2020

Small businesses working with small community lenders moved ahead of the line this evening for about 8 hours in the SBA Payroll Protection Program (PPP)…

The SBA Paycheck Protection Program Round 2 Starts Today Monday April 27
Business

The SBA Paycheck Protection Program Round 2 Starts Today Monday April 27

ByRichard Meldner April 27, 2020

Last week, Congress and the President approved an additional $310 billion for the SBA Paycheck Protection Program (PPP) as part of a $480 billion in…

SBA Announces It is Out of Money for PPP Paycheck Protection and EIDL Disaster Relief Programs
Business

SBA Announces It is Out of Money for PPP Paycheck Protection and EIDL Disaster Relief Programs

ByRichard Meldner April 16, 2020

SBA has run out of funding for Paycheck Protection Progam (PPP) and EIDL (Economic Injury Disaster Loan) relief programs for small businesses. This was posted…

American Institute of CPAs Urges Additional Funding for Paycheck Protection Program
Business

American Institute of CPAs Urges Additional Funding for Paycheck Protection Program

ByNewswire April 16, 2020May 23, 2020

The American Institute of CPAs (AICPA) urges swift approval of additional funding for the SBA Paycheck Protection Program (PPP), a crucial initiative under the CARES…

SBA Report Suggests Paycheck Protection Program Will Be Out of Money This Week
Business

SBA Report Suggests Paycheck Protection Program Will Be Out of Money This Week

ByRichard Meldner April 15, 2020January 10, 2021

The Small Business Administration (SBA) provided an update on the Paycheck Protection Program (PPP) lending program. In the CARES Act passed by Congress to help…

IRS / SBA / U.S. Secret Service Warnings of Coronavirus Stimulus Scams And Phishing Attacks
Business

IRS / SBA / U.S. Secret Service Warnings of Coronavirus Stimulus Scams And Phishing Attacks

ByRichard Meldner April 8, 2020April 8, 2020

With the coronavirus stimulus packages passed in Washington, scammers and fraudsters see an opportunity to take advantage of people trying to make ends meet or…

Another $250 Billion For SBA Paycheck Protection Program in The Works
Business

Another $250 Billion For SBA Paycheck Protection Program in The Works

ByRichard Meldner April 7, 2020April 7, 2020

The SBA Paycheck Protection Program (PPP) that is part of the $2.2 trillion coronavirus relief legislation (CARES Act) may run out of money before many…

AICPA Provides Recommendations to Small Businesses on Information Required For SBA Paycheck Protection Program Loans – Updated
Business

AICPA Provides Recommendations to Small Businesses on Information Required For SBA Paycheck Protection Program Loans – Updated

ByNewswire April 7, 2020April 7, 2020

The American Institute of CPAs (AICPA) recommends a defined set of documents for lenders to rely on as well as some key clarifications in the…

SBA Paycheck Protection Program Plagued With Technical Problems
Business

SBA Paycheck Protection Program Plagued With Technical Problems

ByRichard Meldner April 5, 2020May 23, 2020

The rapid rollout of the SBA Paycheck Protection Loan (PPP) program is plagued with technical issues, according to a report from NBC news. The primary…

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