Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses ...

Tagged with: CARES Act coronavirus federal business loans Paycheck Protection Program SBA Small Business Administration

With a key coronavirus rescue fund exhausted, lawmakers faced new pressure Thursday to break a stalemate over President Donald Trump’s $250 billion emergency request to replenish the program that helps small businesses keep workers on their payroll. Senate Minority Leader Chuck Schumer ...

Tagged with: Chuck Schumer coronavirus COVID-19 Mitch McConnell Paycheck Protection Program President Trump Small Business Administration Treasury Secretary Steven Mnuchin

Desperate small business owners who hoped for a quick government lifeline to help them survive the coronavirus crisis are still without funds, instead battling red tape, wary banks and swamped computer systems. Thousands of owners who applied for loans under ...

Tagged with: coronavirus coronavirus business loans coronavirus news coronavirus pandemic Paycheck Protection Program SBA Small Business Administration Trump coronavirus