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Jacob Gottlieb, whose $8 billion fund shuttered amid an insider trading scandal two years ago, received a $150,000 to $350,000 loan for his new shop.
July 7 -
Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.
July 6 -
The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.
June 17 -
Evidence suggests some minority-owned businesses can’t access loans, and the Trump administration is under pressure to report borrower demographics. The issue is gaining attention against the backdrop of protests over the George Floyd killing.
June 14 -
The SBA’s form clarifies some issues, but still leaves questions to be answered.
May 27 -
The latest version supplements the previously posted rules in order to help borrowers submit their loan forgiveness applications as provided under the CARES Act.
May 27 -
The new Paycheck Protection Program rules, which created a review process and timeline for paying lenders, did not extend the time borrowers have to comply or increase how much money can be spent nonpayroll expenses.
May 24 -
The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.
May 18 -
Little-known provisions include the economic injury disaster loan program, the employee retention credit and even an option to defer some payroll taxes.
May 14 -
About 5,500 large customers of the commercial banking business applied for funding. Nearly all of them got loans.
April 22