paycheck protection program

With approximately two weeks left in the third iteration of the Paycheck Protection Program, here are some numbers to indicate how things are going with the distribution of hundreds of billions of dollars to keep people employed and to give a lifeline to businesses that need it — or cash to others...

Clean energy manufacturing company FuelCell Energy Inc (NASDAQ: FCEL) has repaid the entirety of a $6.57-million Paycheck Protection Program (PPP) CARES Act claim made last year. The PPP is a Small Business Administration-backed loan program that helps small businesses keep their workforce employed...

The bank doors open Monday for the next round of borrowing under the Paycheck Protection Program, with borrowers from the first round eligible to go in for another round of low-interest loans that can be forgiven under certain circumstances. The Small Business Administration announced Friday that...

Companies that received funding under the Paycheck Protection Program the first time around are going to get a second shot at more money. But it's possible that trucking companies are just making too much money to get another bite at the apple. For companies that would be going in for PPP funding...

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 final weeks of 2020 are upon us, though the end of the troubled year may be of little consolation to the nation’s small business...

Last Thursday was the day the Small Business Administration (SBA) was ordered by a court to release detailed data on all of its money disbursed under the Paycheck Protection Program (PPP), right down to the smallest one. But the huge amount of data that would disclose information on many companies...

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. While the first round of PPP loans distributed by Credibly and other small business lenders has helped preserve companies over the...

JPMorgan Chase & Co (NYSE: JPM) terminated a number of employees after an investigation revealed they improperly applied for and received loans meant to assist businesses affected by the COVID-19 pandemic, the Financial Times reported Wednesday. What Happened: The applications were said to have...

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.        Motor carriers form the most competitive mode of transportation.  This is because there are so many independent players, and the mode is relatively easy to...

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 National Federation of Independent Business’s (NFIB) monthly survey of small business optimism has been on a rollercoaster...

The last day to apply for funding under the Paycheck Protection Program (PPP) is Saturday, August 8. But that's when things will get busy for people like Michael Rofman.  He's a partner and leader of the New Jersey Transportation & Logistics practice at the national accounting firm of Mazars...

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With the release of the identities of the biggest recipients of money under the Paycheck Protection Program, reviewing all the names of those who got money and figuring out how this will impact the industry's operations is now the hot topic of discussion in trucking. On this week's Drilling Deep...

On today's Midday Market Update, Michael Vincent and Kevin Hill talk about the SONAR-powered data, issues and news that move you. On this episode, they're joined by Jeff Dangelo, founder at Turvo Inc.; Matt O'Leary, CEO at Motiv Power; and FreightWaves Market Experts Andrew Cox, Anthony Smith and...

The public release of data for Paycheck Protection Program (PPP) loans exceeding $150,000 on Monday by the Small Business Administration has provided visibility into the far-reaching impact of this program. Much has already been written about the impact of PPP on the motor carrier and 3PL sectors,...