By Lydia DePillis The federal government has quietly reversed course on a policy that had kept thousands of businesses from applying for pandemic economic aid, with only weeks to go before funds are expected to run out. In late March, ProPublica reported on a Small Business Administration rule that disqualified individuals or
By Zachary Warmbrodt, Politico Washington’s nearly $1 trillion small business rescue, now under the watch of President Joe Biden, is about to slam into a new obstacle — it’s already running out of money. The Small Business Administration is warning lawmakers that funds for the Paycheck Protection Program, which offers
By Ayelet Sheffey, Business Insider Ahead of its expiration date on March 31, the Federal Reserve Board announced on Monday that it is extending the Paycheck Protection Program (PPP) Liquidity Facility through the end of June, allowing continued distribution of funds through the PPP to small businesses. The PPP was implemented under the CARES Act in March, and
Sonic Drive-In Restaurant exterior. Sonic Corp. is an American drive-in fast-food restaurant chain. – Costa Mesa, CA – October 17, 2015 By Jonathan O’Connell, Andrew Van Dam, Aaron Gregg and Alyssa Fowers, Washington Post Ongoing revelations about how big businesses and chains were able to secure hundreds of millions of
