Entrepreneurs of color struggled to get small-business relief loans
Businesses owned by people of color were disproportionately underserved by the relief effort, often because they lacked the connections to get access to the aid...
Fraud checks and errors slow small-business relief loans
Six weeks into the second run of the Paycheck Protection Program, $134 billion in emergency aid has been distributed by banks to 1.8 million small...
Here’s who qualifies for a second round of small-business relief? The deadline to apply is March 31.
The hardest-hit owners will be eligible for another loan from the Paycheck Protection Program. But there are changes in PPP 2.0 including eligibility and limits...
‘It was a joke’: Some small businesses got $1 relief loans
Sole proprietors were eligible for loans under the Paycheck Protection Program only if they were profitable, but many got tiny loans because of the way...
Recession’s silver lining: American households are doing better than expected
Despite the pandemic’s economic devastation, which has tipped millions of people into unemployment, many American households are in relatively good shape. Since April, consumer savings...
Spotting $62 million in alleged PPP fraud was the easy part
The Paycheck Protection Program poured $525 billion into the economy in just four months. More than 5 million businesses received loans. Now, the program is...