Michael C. Moller was sentenced to nearly 7 years in prison on Tuesday for defrauding $699,251 from the Paycheck Protection Program.
Initial critiques of the loan said the government essentially handed out grants to fund religious groups which goes against the Constitution.
Osteen is probably paying taxes. The outrage over his wealth and low taxation comes amidst a national moment of reckoning - and photos of his Ferrari.
Congress allocated $16 billion in emergency grants to venues and stages hit by the pandemic. Seven months later, only a fifth of it has been awarded.
Tayshia Adams, Colton Underwood, Dale Moss, and Arie Luyendyk Jr. are among the "Bachelor" alums who applied for a PPP loan.
Christopher Paul Lick received $6 million in PPP loans by lying to banks about his businesses' expenses, according to court documents.
SPACs took about 30 startups public after the companies had received government-backed PPP loans, meant to help businesses during the pandemic.
The man allegedly used falsified documents to apply for the loans. The sports cars have since been seized by federal agents.
The Senate passed a PPP extension on March 25, which would give struggling business owners another two months to apply for relief.
Nearly 330 small business leaders signed a letter in support of Biden’s $US1.9 trillion stimulus. The package includes measures for small business, which has been decimated by the pandemic. PPP loans saved at least 1 million jobs, but small business overall is two-thirds the size of early 2020. Visit the […]
The number of small businesses open in the US has decreased by 34.2% since January 2020, but new stimulus provisions could offer a lifeline.
Top anti-vaccine advocacy groups received PPP funding from the Trump administration, The Washington Post reported. American distrust in the safety of COVID-19 vaccinations continues to pose a threat to public health. K. “Vish” Viswanath, a professor of health communication at the Harvard T.H. Chan School of Public Health, told Insider […]
The new $US900 billion stimulus deal includes $US325 billion for small businesses and a continuation of the Paycheck Protection Program. The deal allocates money for specific kinds of business owners and industries, including $US15 billion for entertainment venues and theatres. Business Insider reviewed the nearly 5,600-page bill and talked with […]
The Paycheck Protection Program is back. For millions of small business owners still struggling to pay rent and employ workers, the federal government’s forgivable loan program is a lifeline. This round looks a little different than the original that launched in the spring. It’s aimed at even smaller businesses, and […]
The French Laundry received more than $US2.4 million from the Paycheck Protection Program in April, according to ABC7‘s Stephanie Sierra and Lindsey Feingold. Both PPP loans were approved on April 30 and went toward retaining a total of 168 staff members, the publication reports. ABC7 said the French Laundry’s PPP […]
Popular vegan restaurant chain By Chloe is filing for bankruptcy, as the coronavirus pandemic led to a drop in revenue and reduction of staff. The chain has 14 locations in the US, along with two international spots. By Chloe will seek to sell itself, and was loaned $US3.25 million by […]
Millions of dollars from the taxpayer-funded COVID-19 Paycheck Protection Program (PPP) was given to anti-LGBTQ+ hate groups, according to an analysis of the payments by NBC News. The data released by the Small Business Association (SBA) showed that the money had been given to organisations with homophobic policies or a […]
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