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The Paycheck Protection Program, enacted to help small businesses dealing with the coronavirus pandemic, had expired Tuesday. With Trump's signature Saturday, the new deadline to apply is Aug. 8.
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The first round of Paycheck Protection Program funding ran out in days, but the second pot of money has more than $140 billion left after a month. Some business owners decided the PPP wasn't for them.
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Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?
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The city of Oklahoma City is reporting high demand for the small business relief program created on March 31 due to the COVID-19 pandemic.More than 600…
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The SBA chief announced that only small banks will be given access to the Payroll Protection Program for eight hours, after heavy criticism that the program had given money to well-known businesses.
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The Paycheck Protection Program is designed to help small businesses from falling off a cliff during the pandemic, but some companies on firm ground have gotten millions to expand.
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Business owners lucky enough to get the federal rescue funds are wrestling with paying their employees, even when their doors are closed.
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Bankers tell NPR that the SBA's portal wouldn't allow them to enter the loan application information that is needed to access the PPP program.
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Banks handling the federal government's loan program for small businesses made more than $10 billion in fees, while thousands of small businesses were shut out of the program.
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"Personal identifiable information" was potentially exposed to other businesses via an online lending application portal, a spokesperson for the Small Business Administration told NPR.