Paycheck Protection Program

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.

Former New England Patriots quarterback Tom Brady’s performance lifestyle brand recently sought a financial lifeline from the federal government. TB12 Inc. received between $350,000 and $1 million from the Paycheck Protection Program, according to federal data published Monday. It was not disclosed how many jobs would be saved thanks to the money, which was disbursed through Cambridge Savings Bank. The…

Democrats have driven a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate.

Billions of dollars offered by Congress as a lifeline to small businesses in the pandemic are about to be left on the table when a key government program stops accepting loan applications

While small business owners have one more week to take advantage of the federal government’s paycheck protection program, one Massachusetts woman has already done so and is using the loan to transform her restaurant. Grendel’s Den Restaurant and Bar is back in business, but luckily the Cambridge restaurant was able to reinvent itself when the coronavirus hit. “I had...

Small business owners have one more week to take advantage of the government’s paycheck protection program.

The steady drumbeat of construction activity is relief to the ears of Marquita and Glen Kelley. When the coronavirus pandemic paused construction work in Boston, the couple worried they’d have to shutter their third-generation electrical business for good. “I think we would’ve had to go out of business, if we were not able to get that loan,” Marquita Kelley...

At least two dozen publicly traded Massachusetts companies soaked up millions of dollars from the Paycheck Protection Program.

A Hollywood aviation management company is sharing the benefits of a taxpayer-financed loan with its private jet-owning clients after it won the loan through the federal Paycheck Protection Program, according to three clients and a copy of a letter announcing the plan.

With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance.

Two men lied about their businesses in loan applications under the new Paycheck Protection Program, federal prosecutors announced Tuesday, saying they are the first to be charged with fraud in connection with the multibillion-dollar loan initiative in the United States. The two men were been charged in Rhode Island with filing fraudulent bank loan applications seeking $438,000 from the Small…

Two New England men are accused of lying about their businesses to try to get more than half a million dollars from the Paycheck Protection Program.

“Social distancing and beer consumption kind of don’t really go hand in hand,” said David Fields with Wormtown Brewery. The Worcester brewery is one of thousands of Massachusetts small businesses hit hard by the restrictions put in place to try to stop the spread of coronavirus. “We lost 70% of our customer base,” Fields said. Although liquor store sales have…

NBC 10’s Brian Shactman shares your questions with Chris Carlozzi, Massachusetts Director of the National Federation of Independent Businesses. Viewers share concerns about the new round of Paycheck Protection Program loans, how recipients can use the money.

While Paycheck Protection Program loans are providing some support for small businesses, there are concerns about the rules.

The Los Angeles Lakers qualified for and received approximately $4.6 million from the government’s Paycheck Protection Program, which was established to provide relief to small businesses suffering during the coronavirus pandemic. The Lakers eventually returned the money, according to NBC News.