Tag: Paycheck Protection Program
Local lenders prepare for fast and furious second round of PPP...
PROVIDENCE – “A breath of fresh air” is how Leland Merrill, chief lending officer and chief operating officer of BankNewport, described it when the...
PBN coronavirus summit panel: Many do’s and don’ts in using stimulus...
Planning is crucial in business, and it has never been as difficult as it is now that the coronavirus pandemic has hammered the national...
NFIB: On day PPP was depleted, 80% of small businesses were...
PROVIDENCE – A new survey from the National Federation of Independent Business found that as of April 17 nearly 80% of small-business owners that...
AP: Publicly traded firms get $300M in small-business loans
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...
Business owners left out as lending program goes on hold
NEW YORK (AP) – The government’s lending program for small businesses is tapped out, leaving business owners who still need loans waiting for Congress...
R.I. businesses approved for $876M in payroll-relief funds; less than one-third...
PROVIDENCE – Over 4,000 Rhode Island small-business applicants have been approved for $875.6 million in forgivable loans through the U.S. Small Business Administration’s Paycheck...
PBN Summit: Experts grapple with uncertainty in coronavirus relief programs
How to get federal financial aid, how to spend the money properly and how to mop up after the money is gone or the...
SBA processes $1.3B for R.I. small businesses as PPP program nears...
PROVIDENCE – The Rhode Island District Office of the U.S. Small Business Administration has processed more than 8,700 Paycheck Protection Program loans for roughly...
BofA posts $4B Q1 profit, builds funds anticipating bad loans
PROVIDENCE - Bank of America Corp. reported a 45% drop in first-quarter earnings driven by a new $3.6 billion reserve build for bad loans...
R.I. businesses approved for $876M in payroll-relief funds; less than one-third...
PROVIDENCE - Over 4,000 Rhode Island small-business applicants have been approved for $875.6 million in forgivable loans through the U.S. Small Business Administration’s Paycheck...
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