Tag: Paycheck Protection Program
Latest PPP loan approvals helping smaller R.I. businesses
PROVIDENCE – More Rhode Island small businesses were approved for federal forgivable payroll loans in the last week compared to the prior seven days,...
McKee standing firm on taxing PPP loans
PROVIDENCE – Gov. Daniel J. McKee is standing firm on his commitment to taxing Paycheck Protection Program loans greater than $150,000.
McKee made his position...
PPP demand slows as new event business, restaurant grant programs prepare...
PROVIDENCE – Demand for the U.S. Small Business Administration’s Paycheck Protection Program continues to slow, across the country and in Rhode Island, according to...
Proposed PPP tax ignores ongoing pandemic threat
Rhode Island’s leading small-business advocate as lieutenant governor has sent mixed signals to that constituency since taking over as governor last month.
On April 12,...
PPP taxation proposal draws pushback in Senate hearing
PROVIDENCE – Rhode Island’s business community let their voices be heard in the R.I. Senate on Thursday in opposition to taxation of Paycheck Protection...
SBA: $900M in PPP loans for nearly 13K R.I. recipients
PROVIDENCE – Demand for forgivable payroll loans among Rhode Island businesses continued to slow, with half the amount of funds approved for new applicants...
M&G Trucking: PPP tax ‘could be devastating for us’
PROVIDENCE – Melody Majkut went from a feeling of relief when her business received a federal Paycheck Protection Program loan to shock after she...
Is Gov. Daniel J. McKee’s plan to tax forgiven Paycheck Protection...
In a shift from previously announced policy before he became governor, Gov. Daniel J. McKee has proposed taxing forgiven Paycheck Protection Program loans greater...
Amid 2 month extension, R.I. sees slowdown in new PPP approvals
PROVIDENCE – The pace of new applications to the U.S. Small Business Administration's Paycheck Protection Program since a two-month extension to the second round...
McKee committed to PPP taxation over $150K
PROVIDENCE – Gov. Daniel J. McKee's proposal to tax forgiven Paycheck Protection Program loans greater than $150,000 would generate an estimated $67.7 million in revenue...
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