Paycheck Protection Program Related Content

Biz2Credit: Earnings for Women-Owned Business Rose in 2020, Yet Loan Approvals Lagged

The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew. However, the average loan size for women-owned businesses was 33% lower than the average loan size for businesses owned by men. read more

Wintrust Receives Applications for $1.27MM in Loans in Latest PPP Round

Wintrust Financial has received 6,973 applications for $1.27 billion in loans since it opened its platform on Jan. 11 to accept client submissions for the latest round of the Paycheck Protection Program from the U.S. Treasury Department and Small Business Administration. read more

SBA Reopening PPP to Small Lenders on Jan. 15, All Lenders on Jan. 19

The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will reopen the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or fewer in assets on Jan. 15. The portal will fully open on Jan. 19 to all participating PPP lenders. read more

Biz2Credit Begins Taking ‘Pre-Applications’ For New Round of PPP Loans

Now that new COVID-19 relief has been signed into law by President Donald Trump, fintech company Biz2Credit has begun taking ‘pre-applications’ for the new round of the Paycheck Protection Program. read more

Biz2Credit: PPP Had Large But Short-Lived Effect for Small Businesses

U.S. government lending programs restored sufficient capital for businesses to weather the effects of the COVID-19 pandemic for a short period, but many firms are currently operating at a monthly loss, according to Biz2Credit’s new six-month analysis of COVID-19’s impact on small businesses. read more

AICPA, and Biz2Credit Launch New Platform for Small Business Funding

The AICPA,, and Biz2Credit are teaming up on a new platform,, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options. read more

PayNet: Lending Rebound Continues, Main Street Remains at Risk

The PayNet Small Business Lending Index continued to bounce back in July after bottoming out in April, but the PayNet Small Business Delinquency Index 31–90 Days Past Due remains 55 basis points above its year-ago level. read more

Biz2Credit: Small Business Revenues Slashed in Half in Q2/20

According to Biz2Credit’s Small Business Financial Health Survey, year-over-year Q2/20 revenues of small business owners plummeted 52% from Q2/19 while payroll expenses dropped 54%. read more

AICPA Survey: 56% of Business Execs Say Companies Sought PPP Funds

AICPA’s recent survey reported that more than half of business executives said their companies had sought relief funds through the Paycheck Protection Program. read more

AICPA Offers Insight for Valuing Businesses Affected by COVID-19

The American Institute of CPAs released a set of FAQs to address how provisions within the federal CARES Act can impact business valuations. read more

People’s United Bank Delivers Over $2.5B in Relief to Small Business Owners

People's United Bank has registered and obtained approval for more than 16,000 PPP loans through the SBA, delivering more than $2.5 billion to business customers. read more

AICPA Applauds Passage of PPP Flexibility Act

The AICPA applauded the passage of H.B. 7010, the “Paycheck Protection Program Flexibility Act of 2002,” and is encouraged by bi-partisan support for flexibility in PPP loan guidelines. read more

Survey: 46% of Small Business Owners Worry Cashflow Will Impede Reopening

Nearly half of small business owners worry they cannot afford to resume normal operations following mandated closures to slow the spread of COVID-19, according to LendingTree's latest survey of small business owners. read more

SBA, Treasury Launch Loan Forgiveness App, AICPA Says it Leaves Many Questions

The Treasury Department and Small Business Administration released a loan forgiveness application form for the Paycheck Protection Program, but the AICPA said it fails to address outstanding issues and does not provide enough flexibility for those who receive funds. read more

AICPA, Small Business Advocates Call for Clearer PPP Loan Guidance

AICPA, NFIB, S-CORP and four other small business advocates issued a statement in response to the SBA’s lack guidance on the Paycheck Protection Program. read more

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