Tag Archives: PPP

Isabel Guzman, administrator of the Small Business Administration (SBA), told The 19th in an interview published Thursday that providing immediate federal relief to small companies is “really critical” as these businesses deal with the economic impact of the COVID-19 pandemic. Guzman highlighted the need to link small businesses to the federal marketplace.

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury (DoT), has released detailed loan-level data in regards to the loans made under the Paycheck Protection Program (PPP), the administration reported on Monday. This disclosure covers each of the 4.9 million PPP loans that have been made.

Jovita Carranza, Small Business Administration (SBA) administrator, has launched an online tool for small businesses and nonprofits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders and traditional smaller asset size lenders in the Paycheck Protection Program (PPP), SBA announced on Monday.  

The U.S. Small Business Administration (SBA) and U.S. Department of the Treasury (DoT) have released a guidance to implement the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, the agencies reported on Monday. 

President Trump signed the Paycheck Protection Program Flexibility Act (PPPFA) into law on Friday to simplify the process for recipients of Paycheck Protection Program (PPP) loans to qualify for forgiveness. 

The U.S. Small Business Administration (SBA), in consultation with the U.S Department of the Treasury (DoT), has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for the application, the administration announced on Monday. 

The Small Business Administration (SBA) has awarded a $5.5 million contract to Consult DSA, a woman-owned small business based in Gaithersburg, Maryland, to implement improvements amid the COVID-19 pandemic, the agency reported on Friday. The contract is set to run for a base of 12 months, with four one-year add-on options.

Maria Roat, chief information officer at the Small Business Administration (SBA) and a 2020 Wash100 Award winner, said SBA’s security operations team is implementing SBA Connect authentication for new capabilities and performing penetration testing to address data security issues during the coronavirus pandemic, FedScoop reported Thursday.

The Small Business Administration (SBA) administrator Jovita Carranza and U.S. Treasury secretary Steven Mnuchin issued a statement on Friday regarding the success of the Paycheck Protection Program (PPP) in lieu of the COVID-19 pandemic. 

Veritone and its subsidiary, Veritone One announced that the companies have received a total of $6.5 million of loans from Sunwest Bank under the Paycheck Protection Program (PPP) contained within the new Coronavirus Aid, Relief, and Economic Security (CARES) Act, the company announced on Friday.