paycheck protection program

On the day that the Paycheck Protection Program (PPP) was set to expire with more than $130 billion in authorized funds waiting to find a borrower, the initiative to keep Americans on their companies' payroll may be getting new life. According to various news reports, the U.S. Senate is a type of...

Trevor Milton is fighting mad. For the second time in three months, the founder and executive chairman of Nikola Corporation (NASDAQ: NKLA) is blasting a national media outlet over its reporting on him and his newly public electric truck startup.  The latest incident boiled over Wednesday evening...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The Paycheck Protection Program—the emergency small business loan program established by the CARES Act—has provided a much-...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Right now, millions of small businesses across America are in crisis mode.  Statewide stay-at-home orders have hit every sector of...

NBA legend Magic Johnson and billionaire entrepreneur Mark Cuban are reaching out to minority business owners who are struggling to navigate coronavirus shutdowns. What Happened? Johnson’s Magic Johnson Enterprises has partnered with MBE Capital partners to provide $100 million in loans...

If your company received a loan of less than $2 million under the Paycheck Protection Program, the new message from the Small Business Administration is that you're OK. In an addition to its lengthy list of FAQs, the SBA said Wednesday that all loans granted under that dollar threshold will be...

The chicken wing restaurant chain Wing Zone isn't in any rush to re-open its dine-in restaurant, despite having the legal right to do so in the state of Georgia. 'Wait And See' For Wing Zone Restaurants Wing Zone's business consists of dozens of franchise locations and its structure...

Detroit, MI, April 27, 2020 Credibly, a leading, national small business fintech lender, announced on Friday its designation as an Approved Lender for the SBA Paycheck Protection Program (PPP). Since receiving the approval, Credibly has facilitated over $500M in federally-backed COVID-19 stimulus...

With reports out of Washington that the White House and Congress have agreed upon the next round of the Paycheck Protection Program (PPP), the question for those in the trucking industry that didn't get a piece of the first $350 billion is, how do they avoid getting shut out this time? "Get your...

A group of lawmakers wants the next COVID-19 relief package to include the creation of a "supply chain czar" to ensure personal protective equipment (PPE) gets to truck drivers and other essential workers. In a letter sent to congressional leadership last week, 25 Democrats from the U.S. House of...

Workhorse Group, Inc. (NASDAQ: WKHS) is seeking additional patent protection for its truck-mounted Horsefly delivery drone because customers say touchless delivery will carry over beyond the coronavirus pandemic to life after the health crisis. "In the last several months we have seen significant...

The Payroll Protection Plan (PPP), which was designed to keep people employed and paid, has run out of money. The U.S. Small Business Administration (SBA) posted the news on its website this morning, April 16, under a banner that said "Notice: Lapse in Appropriations." "The SBA is currently...

As rates have crashed and freight volumes have dried up — unless you are hauling grocery or other essential goods — trucking companies across the country are at increasing risk of failure.  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was designed to protect just these types...

So far, from Chris Henry's perch with the Profitability Program at TCA and FreightWaves, the assistance programs offered by the federal government are getting money into the hands of carriers. Henry, who is vice president of carrier profitability with FreightWaves and program manager for the TCA...

With the application process already well underway for small companies to apply for assistance under the 3P provision of the CARES Act, a group of people who will be helping companies through the process had a message: Get moving if you want some money from the program. In a webinar produced by...