Tag Archives: small businesses

Fed extends small business aid lending program by 3 months

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

$5 Billion in P.P.P. Loans Were Approved Last Week

Small-business relief loans start flowing again, with $5 billion worth approved in the first week. The revived Paycheck Protection Program is off to a smoother — and slower — start than it had last spring, when desperate borrowers deluged banks with loan applications and overwhelmed the government’s computer systems. The