Paycheck Protection Program

President Joe Biden held a press conference detailing a plan for rolling out a Paycheck Protection Program designed to help small businesses trying to stay afloat through the pandemic. Only companies with fewer than 20 employees can apply for the forgivable loans under the revamp. Meanwhile, Biden’s pick for Attorney General, Merrick Garland, faces a two-day confirmation hearing in front...

President Joe Biden is targeting more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. The administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees can apply for forgivable loans under the Paycheck Protection Program.

Thousands of business owners in Massachusetts could get a reprieve from surprise tax bills attached to their emergency coronavirus relief. As the NBC10 Boston Investigators first reported, the state of Massachusetts will assess a 5% tax on money that many business owners received last year through the federal government’s Paycheck Protection Program. At Signarama in Braintree, Massachusetts, for example, a…

There are efforts on Beacon Hill to remove the hefty tax bill some businesses are facing after receiving forgivable loans to stay afloat amid the coronavirus pandemic.

At Signarama in Braintree, Massachusetts, the hum of high-tech equipment is a welcome sound to owner Michael Sepinuck. Sepinuck was surrounded by eerie silence last spring, when coronavirus restrictions went into effect around the state, shuttering his business and thousands of others. With sign orders on pause, things looked dire. But a loan received through the federal government’s Paycheck...

NBC10 crunched the numbers and found about 70,000 of the roughly 118,000 businesses in Massachusetts that received PPP loans last year are registered in ways that would potentially make them responsible to pay the state income tax.

Massachusetts has at least nine billion reasons to be happy about the latest federal COVID-19 relief and economic stimulus law. In response to a State House News Service request for information, Gov. Charlie Baker’s administration estimated that Massachusetts is positioned to receive at least $9 billion under the law assembled by Congress in December and signed late last month by…

Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications

The Paycheck Protection Program was designed to help small businesses survive the pandemic, but many in Massachusetts received only a few hundred dollars in aid. Now a new round of funding could help them survive the winter.

Soon after Lisa Evans and Tim Smith cut the ribbon at We Grow Microgreens, the pandemic arrived. Hoping to keep workers on the payroll, Evans and Smith applied for relief from the federal government’s Paycheck Protection Program, which was designed to help small businesses hurt by the virus. We Grow Microgreens received only $810.

The U.S. Secret Service seized more than $8 million from accounts linked to ASLAN International Ministry, which got PPP funds.

The coronavirus pandemic has been incredibly damaging for the restaurant industry in the United States: The National Restaurant Association estimates that at least 17% of the country’s food service establishments have already shuttered, with 10,000 restaurants having closed their doors in just the past three months.

A number of organizations, schools and businesses with either a history of anti-LGBTQ advocacy or policies that explicitly discriminate against lesbian, gay, bisexual, transgender and queer individuals have received millions in pandemic relief funding, according to an NBC News analysis of data released last week by the Small Business Administration. The Paycheck Protection Program (PPP) — which was intended to help…

A Paycheck Protection Program loan for nearly $1.2 million issued to an organic farm operator allegedly located in western Maine has raised suspicion after a massive disclosure of federal records about the small business relief program. According to records released by the U.S. Small Business Administration, Common Ground Organic Farm LLC, based in Bridgton, received the loan. The records show…

Fourteen organizations designated as hate groups by the Southern Poverty Law Center or the Anti-Defamation League have received funding from the Paycheck Protection Program totaling nearly $4.5 million, according to data released last week by the Small Business Administration revealing who benefited from the pandemic federal relief funds.

Major restaurant groups, commercial contractors and a large dairy maker in Massachusetts were among the biggest beneficiaries of the government’s coronavirus relief program for small businesses, according to new federal records. The Small Business Administration on Wednesday released sweeping data on who benefited from pandemic relief, including more than $521 billion distributed through SBA’s Paycheck Protection Program. Borrowers could...

A convicted bank robber from Rhode Island fraudulently applied for almost $5 million in forgivable federal loans intended for businesses struggling because of the coronavirus pandemic, federal prosecutors said Tuesday.  Michael Moller, 41, of Middletown, was held without bail pending trial at an appearance Tuesday in federal court. Moller in April filed for $4.7 million in loans through the Paycheck…

Are you a business owner looking for help to get through the coronavirus pandemic? Ami Kassar, the CEO of MultiFunding and a small business advocate, breaks down what you need to know about the Main Street Lending Program and the Paycheck Protection Program.

The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid

The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.