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They’ve been processing PPP loans, and also simply helping clients navigate a tough financial climate.
About 75% of small businesses sought Paycheck Protection Program loans and about 72% of them got PPP loans, according to the Census Bureau.
It’s clear the loans went to some enterprises that are once again prompting questions about who really needed the government aid.
Congress and the Trump administration have not yet agreed on a plan for distributing the unused $130 billion remaining in the program.
The deadline for Paycheck Protection Program loan approvals is Tuesday. Some haven’t been clear about their eligibility. Others have been trying since the beginning.
Because loan amounts were based on how much companies pay their employees, lower-income workers got less money.
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
Grand Prairie Foods lost 80% of its hospitality and travel-related business in one day. To survive, it’s focusing on packaged foods.
The Trump administration says the relevant part is that the COVID-19 relief loans complied with the law — not who actually got them.
The program’s helping them attract new customers and bring in revenue during the downturn.