Paycheck Protection Program

Business

Paycheck Protection Program Re-Opens to Small Lenders on 1/15 & All Lenders on 1/19

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19,

Business

As small businesses await new US aid, it’s too late for some

Clay Reynolds is starting to make peace with a gut-wrenching reality: He may have to once again close his business, Arrichion Hot Yoga and Circuit Training. The $900 billion pandemic relief package that Congress has just approved contains billions in aid directed specifically at struggling small companies like Reynolds’. Arrichion received a loan last spring

National

Highlights of $900 billion COVID-19 relief, wrap-up bills

Congressional leaders have hashed out a massive, year-end catchall bill that combines $900 billion in COVID-19 aid with a $1.4 trillion omnibus spending bill and reams of other unfinished legislation on taxes, energy, education and health care. The huge bill is slated for votes on Monday — with lawmakers having only a few hours to

National

Post-election rancor clouds chances for COVID relief bill

President-elect Joe Biden’s top allies on Capitol Hill adopted a combative posture on COVID-19 relief on Thursday, pressing their case for a $2 trillion bill that’s a nonstarter for Republicans and faulting the GOP for dragging its feet on acknowledging Biden’s victory. The message from House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck

National

The fastest recovery in history!

11.4 million. That’s how many new jobs the U.S. economy has added since May—when experts were still predicting that the unemployment rate would hit 20 percent and that American job losses would continue to mount for months to come. Instead, President Trump has led what is on track to be the fastest economic recovery in

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