US Small Business Administration - updates

Rappler's latest stories on US Small Business Administration

ARTICLE FINDER

Mnuchin says U.S. to audit virus relief loans after outcry

Apr 29, 2020 - 8:00 AM

'For any loan over $2 million, the [Small Business Administration] will be doing a full review of that loan before there is loan forgiveness,' says United States Treasury Secretary Steven Mnuchin

HALTED. A normally busy Main Street is deserted as the small businesses that line the business district in Rockton, Illinois, remain closed on March 24, 2020. Photo by Scott Olson/Getty Images/AFP

U.S. bars larger firms from SBA loans after uproar

Apr 24, 2020 - 8:00 AM

Companies that inappropriately received funding under the Paycheck Protection Program have until May 7 to return the funds to the US Small Business Administration

UPSCALE RESTAURANT. A branch of Ruth's Chris Steak House in Anaheim, California. Photo from Shutterstock

U.S. loan program under fire as Shake Shack returns SBA money

Apr 20, 2020 - 11:40 PM

(UPDATED) The United States' Paycheck Protection Program is touted as a lifeline for mom-and-pop businesses, but has faced questions about whether too much of the money is going to better-connected firms

WORLDWIDE CHAIN. A Shake Shack branch in New York City. Photo from Shutterstock

U.S. says loan program aided 1.6 million small businesses

Apr 18, 2020 - 7:30 AM

The $349 billion allocated to the United States' Paycheck Protection Program goes to 1.6 million small businesses. There are talks on additional funding.

ALMOST EMPTY. A man walks across Wisconsin Avenue in the normally busy shopping district of Georgetown in Washington, DC, on March 23, 2020. Photo by Mandel Ngan/AFP

U.S. agency out of stimulus money for key small business loans

Apr 17, 2020 - 10:00 AM

'In less than 14 days, the SBA has processed more than 14 years [worth] of loans,' says US Small Business Administration chief Jovita Carranza

CLOSED. Picnic tables block the closed doors of Abbey Burger Bistro in Baltimore, Maryland, after Maryland Governor Larry Hogan banned dining at area establishments due to the coronavirus outbreak. Photo by Jim Watson/AFP