Small Business Administration Paycheck Protection Program PPP

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Background

Food & Drink

The House Just Passed $42 Billion in Additional Relief for Restaurants

Few sectors were hit as hard by the COVID-19 pandemic as the hospitality industry, with restaurants and bar closures serving as a frontline defense against social mixing. And yet, many of these businesses have struggled to get relief funding. As Food and Wine reports, despiteĀ multiple iterations, the SBA's Paycheck Protection Program provedĀ problematicĀ andĀ controversial. And more recently, the Restaurant Revitalization Fund only provided compensation to about a third of businesses that applied […]

todayApril 11, 2022

Fashion

Fashion and Beauty Brands Start Grants for BIPOC-Owned Businesses

According to CBS News, 40% of Black-owned enterprises might not make it through the Covid-19 pandemic. The Center for Responsible Lending estimated that 90% of small businesses owned by people of color "have been, or will likely be, shut out"Ā from the Small Business Administration'sĀ Paycheck Protection ProgramĀ (PPP),Ā Ashley Harrington, the organization's director of federal advocacy and senior council, toldĀ CBS News in April.Ā (You may remember how, quite controversially, the PPP initially sent loans […]

todayJune 26, 2020

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