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New version of the HousePPP bill is here. It would ease loan forgiveness rules by setting a 60 percent minimum for payroll spending (down from 75) and give businesses 24 weeks to use the funds (up from eight)

BofA looks to rein in costs after staffing up for PPP

The Small Business Administration's PPP loans didn't take into account how the hospitality industry worked, according to restaurants and retail shops. But that may change.

Q&A Iowa Trust & Savings Bank 9ppl issues: PPP farm economy rural broadband regulations ethanol plant closures etc #99countymeetings  @ Emmetsburg, Iowa

Got a PPP loan but workers rejected your rehire offer? You might have to report them to unemployment

Businesses applying for a PPP loan through Bank of America may have seen some of their information compromised.

BofA looks to rein in costs after staffing up for PPP by AmerBanker

Lakeview Capital Partners, an Atlanta-based RIA with $3.3 billion in AUM, was the latest firm to disclose it received a PPP loan from the federal government. It received the $581,000 loan on April 15, according to its Form ADV. #PPPloans  #CARESAct 

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If you are a minority or woman owned, or any company that believes you are eligible for a PPP loan, but have not been approved, please post an overview of your status here and I will do my best to connect you to a bank. There is still more than $100B left. Let's get that money

It's time to face the fact that PPP didn't work. Great plan, difficult execution. No one's fault. The only thing that will save businesses is consumer demand. No amount of loans to businesses will save them or jobs if their customers aren't buying.

I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing. After I sign this Bill, we will begin discussions on the next Legislative Initiative with fiscal relief....

Let's check in on Monty Bennett, who secured a $96.1 million bailout from the PPP funds for "small businesses". Bennett: —Has 3 companies that raked in $2.2B in 2019 —Laid off 95% of employees in March —Donated $50K to Trump's reelection committee More socialism for the rich.

Say What? Defiant Harvard not paying back a dime. Slams the administration saying it didn't get a nickel from PPP it got $9,000,000 from Cares Act instead. Umm...with $40 billion in the bank many wonder why they laid off cafeteria workers and are getting any taxpayer funds.

Explain to me how banks will make $17.5B in fees for PPP loans they CAN'T LOSE MONEY ON yet for some reason half the qualifying businesses and most of the indie contractors CAN'T GET A RESPONSE to their applications ? @SenSchumer  @marcorubio  @stevenmnuchin1  @NancyPelosi 

3 companies with ties to the Trump admin. received millions under the PPP program. Another got a loan from a bank that once employed its board's chair.

“Let's set the record straight. Once Republicans found out the PPP was going to run dry, there was a clean bill to replenish it. Nancy Pelosi didn't go for it. Period. So to say that the delay was Mitch McConnell's fault is just political jiujitsu for Nancy Pelosi.” @FoxNews 

Democrats are blocking additional funding for the popular Paycheck Protection Program. They are killing American small businesses. Stop playing politics Dems! Support RefillingPPP NOW – it is out of funds!

HUGE. Paycheck Protection Program (PPP), which authorizes loans to small businesses to pay employees during the COVID-19 crisis, has run out of money and is now frozen. Small Business Administration says it is "currently unable to accept new applications" or enroll new lenders.

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