Stories tagged: "small business loans"

AP Photo/Matt Rourke
Big Companies — Not Small Businesses — Made Bank Off of Trump’s Paycheck Protection Program

Nearly 400 publicly traded companies received almost $1.3 billion in loans intended to help small businesses survive, according to an independent analysis of financial record filings.

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States Affected Most By Coronavirus Are Getting Fewer Small Business Loans

The federal government’s small business coronavirus bailout funds have disproportionately flowed to states that have had smaller outbreaks.

AP Photo/Charles Krupa
Small Businesses Warn Loan Program Is Not Enough to Help Them Rehire Employees

The Paycheck Protection Program promises a business owner loan forgiveness if they retain or rehire all the workers they had in late February. But owners say the equation isn't so simple, in part because of current economic conditions and partly due to the terms of the loans.

AP Photo/John Minchillo, File
Restaurant Chains Like Ruth’s Chris — Not Small Businesses — Are Getting a Bunch of That Relief Money

Restaurant chains Shake Shack, Ruth's Chris Steakhouse and Potbelly's announced last week they'd obtained loans worth a combined $40 million.

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This Woman’s Story Shows What a Failure the Government’s Small Business Bailout Has Been

Less than two weeks after the Paycheck Protection Program opened on April 3, the program Laurel Hess applied to for help had all but run out of money.