Some Small Businesses Say They Would Not Participate In The Paycheck Protection Program AgainWhen the economy was bottoming out last spring billions of Paycheck Protection Program dollars helped thousands of companies survive. Some of them say the process helped, but they would not do it again if offered.
From Museums To Beverage Distributors To A School Bus Company, Thousands Of Illinois Businesses Got $1 Million Or More In PPP LoansThousands of Illinois businesses received millions in loans under a federal government program created to help small companies recover from the economic crisis left in the wake of the pandemic.
Owner Of Closed Elgin Restaurant Charged With Fraudulently Obtaining $175,822 PPP LoanMelissa Turasky, who owned Gifford's Kitchen and Social before it closed more than five months ago, faces one count of bank fraud and one count of lying on a bank loan.
Potbelly Receives Another $10 Million Paycheck Protection Program LoanThe Potbelly sandwich chain has received another $10 million loan through the Payment Protection Program.
Roman Catholic Church Received Between $1.4 Billion and $3.5 Billion in PPP LoansTaxpayers' money is going a lot of places in the wake of COVID-19, including billions to the Catholic church, and some say it may never have to be paid back.
Kanye West's Yeezy Got Millions From Federal Government's Paycheck Protection ProgramOn Monday night, CBS 2 learned West’s fashion company, Yeezy, received millions from the federal government’s Paycheck Protection Program.
Evanston Businessman Accused Of Falsifying Loan Application, Trying To Bilk Federal Paycheck Protection ProgramAn Evanston business owner stood charged Tuesday night with falsifying a loan application to try to bilk the federal government’s Paycheck Protection Program out of $400,000.
Small Businesses Have Until June 30 To Apply For Paycheck Protection Program Loans; $130 Billion Still AvailableThe Small Business Administration still has $130 billion left in the PPP fund, which was created to provide forgivable loans to help small businesses survive the COVID-19 pandemic.
Government To Audit PPP Loans Above $2 Million, Which Could Include Cicero Energy Company That Got $9.5 MillionLarge public companies who received a government loan for COVID-19 relief continue to receive backlash for getting money meant for small businesses.
Some Public Companies In Illinois Received Millions In Federal PPP Loans For COVID ReliefA handful of publicly-traded companies headquartered in Illinois were approved for the Paycheck Protection Program (PPP) loan, aimed at helping small businesses keep their workforce during the coronavirus pandemic.
Which Businesses Are Getting A COVID-19 Relief Loan?"I don't think its fair that the big guys get everything and the little guys get nothing,"
What To Do To Get In On The Second Round Of PPP Loans"This is not is not a time to give up. This is a time to be resilient steadfast and persistent. Stay prepared so you don't have to get prepared."
Dentist Frustrated At Being Denied Paycheck Protection Program Loan When Big Chain Restaurants Got MillionsDr. Liana Tremmel, a dentist, was denied a PPP loan for her Regency Dental Care.
Thousands Of Small Businesses May Go Under Before Congress Approves More Funding After Paycheck Protection ProgramThousands of small businesses have been put on hold after the feds announced that its $349 billion dollar Paycheck Protection Program is out of money. And as CBS 2 Investigator Pam Zekman reports they may be out of business before Congress approves more funding.
With Paycheck Protection Program Out Of Funds, Small Business Owners Wonder What's NextStruggling small businesses in Chicago are banking on government loans to keep them afloat during the coronavirus shutdown. But one major federal resource – the Paycheck Protection Program – is now out of funds, and Congress is debating how to re-fund it.