Paycheck Protection Program Archives

Trump Halts Stimulus Relief Talks Until After Election, Calls On Congress To Pass $25 Billion Airline Aid Package

Derek MajorOctober 7, 2020October 7, 2020

by Derek MajorOctober 7, 2020October 7, 2020404

President Trump has told his administration to stop coronavirus stimulus talks until after the election next month, leaving Americans out in the cold....

Sports

Former New York Jets Player Josh Bellamy Charged for Role in $24 Million COVID-Relief Fraud Scheme

Cedric 'BIG CED' ThorntonSeptember 11, 2020September 11, 2020

by Cedric 'BIG CED' ThorntonSeptember 11, 2020September 11, 20202636

Josh Bellamy, who was just released by the New York Jets, has been charged for his alleged participation in a fraudulent scheme regarding PPP loans...

Entrepreneurship

Magic Johnson’s Equitrust, MBE Partners, And Carver Bank To Fund $325 Million In PPP Loans

Derek MajorAugust 27, 2020August 27, 2020

by Derek MajorAugust 27, 2020August 27, 20204655

EquiTrust Life Insurance Co., along with MBE Partners and Carver Federal Savings Bank has funded another $225 million in PPP loans...

paycheck protection program PPP small business loans

Entrepreneurship

$132 Billion in PPP Funding Still Available; New Report Shows Scant Details On Race in Loan Info

Jeffrey McKinneyJuly 17, 2020July 17, 2020

by Jeffrey McKinneyJuly 17, 2020July 17, 202019604

There was more than $132 billion unclaimed on loan approvals on the Paycheck Protection Program, but few details on the race of businesses receiving loans...

COVID-19

Hate Groups Received PPP Loans As Black Businesses Struggle To Stay Afloat

Derek MajorJuly 16, 2020July 17, 2020

by Derek MajorJuly 16, 2020July 17, 202014768

As small businesses suffer and close five months into the coronavirus pandemic, hate groups have received funds from the Paycheck Protection Program (PPP)...

Entrepreneurship

Sens. Cory Booker and Steve Daines Create $50B Bipartisan COVID-19 Relief Proposal For Black Business

Dana GivensJuly 10, 2020July 10, 2020

by Dana GivensJuly 10, 2020July 10, 202013519

Sen. Cory Booker and Sen. Steve Daines create a new bipartisan proposal that would provide $50 billion in federal aid to Black businesses in cities...

Lifestyle

Kanye West’s Yeezy Brand Received Millions From the Federal Paycheck Protection Program

Cedric 'BIG CED' ThorntonJuly 7, 2020July 7, 2020

by Cedric 'BIG CED' ThorntonJuly 7, 2020July 7, 20207760

The hip hop billionaire was granted a government loan between $2 million and $5 million for his Yeezy brand....

Politics

Senate Passes Extension of PPP Small Business Loans

Derek MajorJuly 1, 2020July 1, 2020

by Derek MajorJuly 1, 2020July 1, 20204040

The U.S. Senate extended the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP). ...

Entrepreneurship

Small Businesses Have Until June 30 to Apply for the $128 Billion Left in PPP Loans

Jeffrey McKinneyJune 29, 2020June 29, 2020

by Jeffrey McKinneyJune 29, 2020June 29, 20209814

The deadline for PPP applications is June 30. Act now....

National Bankers Association Board Chair Kenneth Kelly

Entrepreneurship

Minority Bank Trade Association Hopes To Gain $10 Billion In New PPP Funding To Lend To Small Businesses

Jeffrey McKinneyJune 17, 2020June 20, 2020

by Jeffrey McKinneyJune 17, 2020June 20, 202014234

The National Bankers Association is taking steps to help ensure minority banks and small businesses gain access to capital if Congress issues a third round...