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Paycheck Protection Program

The Paycheck Protection Program (PPP) was a federal loan program established under the CARES Act in 2020 to support small businesses affected by the COVID-19 pandemic. Administered by the U.S. Small Business Administration, it provided forgivable loans to cover payroll costs, rent, utilities, and other essential expenses. The program aimed to prevent layoffs and sustain operations during economic disruptions caused by the public health crisis.

Paycheck Protection Program Recent News

JPMorgan Removes Employees Who Pocketed COVID-19 Small Business Relief Funds: FT
JPMorgan Removes Employees Who Pocketed COVID-19 Small Business Relief Funds: FT
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 reporte
Commentary: With PPP Loans Ended, What Comes Next?
Commentary: With PPP Loans Ended, What Comes Next?
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. 
Hope, Worry, Frustration: Small Businesses Mixed On Their Outlook For The Future
Hope, Worry, Frustration: Small Businesses Mixed On Their Outlook For The Future
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.
Partner Content
Daily Infographic: The Paycheck Protection Program
Daily Infographic: The Paycheck Protection Program
Drilling Deep: Trucking Got Big Money From PPP; What Will Be The Impact?
Drilling Deep: Trucking Got Big Money From PPP; What Will Be The Impact?
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.
How Long Can PPP Keep Near-Bankrupt Carriers Afloat? (With Video)
How Long Can PPP Keep Near-Bankrupt Carriers Afloat? (With Video)
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 Zach Strickland.
Senate vote would give PPP assistance program six more weeks
Senate vote would give PPP assistance program six more weeks
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.
Nikola's Milton Scraps With Startup's Media Critics
Nikola's Milton Scraps With Startup's Media Critics
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. 
4 Community Bank Executives Give Their Perspectives On The Paycheck Protection Program
4 Community Bank Executives Give Their Perspectives On The Paycheck Protection Program
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.
Partner Content
Why Magic Johnson, Mark Cuban Are Connecting Minority-Owned Businesses With Millions In PPP Loans
Why Magic Johnson, Mark Cuban Are Connecting Minority-Owned Businesses With Millions In PPP Loans
NBA legend Magic Johnson and billionaire entrepreneur Mark Cuban are reaching out to minority business owners who are struggling to navigate coronavirus shutdowns.
PPP Loans Under $2 Million Get A Significant Waiver From SBA
PPP Loans Under $2 Million Get A Significant Waiver From SBA
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 viewed as having met the "good faith" standard necessary under the PPP.
Atlanta-Based Chicken Wing Chain's CEO On Re-Opening, PPP Loans
Atlanta-Based Chicken Wing Chain's CEO On Re-Opening, PPP Loans
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.
Next Phase Of PPP Agreed Upon; How Do Truckers Not Get Shut Out?
Next Phase Of PPP Agreed Upon; How Do Truckers Not Get Shut Out?
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 av
Lawmakers Call For 'Czar' To Help Drivers Secure Personal Protective Equipment
Lawmakers Call For 'Czar' To Help Drivers Secure Personal Protective Equipment
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.
Workhorse Truck-Mounted Delivery Drone Could Soar In Post-COVID-19 World
Workhorse Truck-Mounted Delivery Drone Could Soar In Post-COVID-19 World
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.
Petition Calls For More Targeted Relief For Truck Leases, Insurance Costs
Petition Calls For More Targeted Relief For Truck Leases, Insurance Costs
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 o
PPP Looks To Be Putting Money Into The Hands Of Trucking Companies Quickly
PPP Looks To Be Putting Money Into The Hands Of Trucking Companies Quickly
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.
Want A PPP loan? Get Moving, Experts Advise
Want A PPP loan? Get Moving, Experts Advise
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