I-Team: Texas Small Business Owner Denied Access To Own Money After Approved For PPP LoanInstead of helping one North Texas woman's at-home business recover from the pandemic, she said the PPP loan made her financial situation worse.
Payment Protection Program Runs Out Of Money Ahead Of May 31 Application DeadlineThe enormously popular small business relief program, known as the Payment Protection Program (PPP) has run out of money.
PPP Will Likely Run Out Of Money Weeks Before May 31 Application DeadlineEven though the deadline to apply for a loan was extended, no additional funding was added to the program.
Stimulus Checks For $600 Added To COVID-19 Relief Deal As Deadline Nears With the deadline quickly approaching, relief for struggling North Texans appears to finally be in sight.
New PPP 'Loan Necessity' Questionnaire Raises Concern Among Small Business OwnersMonths after thousands of small businesses accepted government aid to help them get through the pandemic, some borrowers are worried the government is changing the forgiveness rules.
'They're Moving The Goal Posts': Big, Unexpected Tax Bill Could Be Coming For Small Business Owners Granted PPP Loans“That’s not what (the government) said back in late March when these businesses took out the loans,” said accountant Glen Birnbaum, a partner at Sikich LLP. “They are moving the goal posts.”
'This Is Taxpayer Money': Government Watchdogs Call For Safeguards To Prevent Further PPP Loan Fraud“Frankly, (the government) has a duty to make sure the money goes to the right individuals and to those who actually need it."
I-Team: Millions In PPP Money Went To Bogus Texas Companies With Little VettingAccording to court records, Dinesh Sah of Coppell was approved for PPP funding for 11 different companies for a total of $17.7 million.
Trump Cabinet Member In Dallas Touts Small Business Loan Success: 'No Small Businesses Were Left Behind'Jovita Carranza, head of the Small Business Administration, met with small businesses owners in Dallas on Friday.
$100 Billion In Forgivable Small Business Loans Still Available But Time To Apply Quickly Running OutMore than $100 billion in relief from the federal government is still available for small businesses. However, the time to take advantage of these forgivable loans is quickly running out.