Signature Bank extended dozens more loans under the federal Paycheck Protection Program (PPP) to cryptocurrency businesses than was previously reported. Around $20 million of the $1.9 billion in PPP loans the bank extended was given to roughly 40 firms in the digital asset space, said CEO Joseph DePaolo. The executive […]
PPP
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It might have only taken a few court fights and a Capitol Hill lobbying campaign, but payday lending companies managed to get a cut of the near-$700 billion relief fund set aside by Washington to help the country’s small businesses weather the coronavirus outbreak. Records of who received loans under […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act , a $2 trillion economic stimulus bill signed into law by President Trump in March in response to the economic fallout from the COVID-19 pandemic, provides for a Paycheck Protection Program extending forgivable loans to small businesses. World banks are looking […]
They don’t exactly scream “small business.” At least 1,322 companies backed by private equity investors received Paycheck Protection Program loans from the Small Business Administration, according to a review by the Project On Government Oversight (POGO) and the Anti-Corruption Data Collective. The pandemic bailout loans obtained by the companies are […]
A 29-year-old Texas man is in A-1 trouble after being charged Monday with siphoning nearly $1 million in Payment Protection Program loans meant for a barbecue company into a cryptocurrency trading account. Read the unsealed criminal complaint below: Disclosure The leader in blockchain news, CoinDesk is a media outlet that […]
Billionaire rapper and shoe designer Kanye West’s company has received a multimillion-dollar loan as part of the federal government’s coronavirus stimulus package, according to records released Thursday by the U.S. Treasury’s Small Business Administration. The money was handed out in the latest round of the Paycheck Protection Program, part of […]
Several companies associated with US lawmakers, including Mike Kelly (R-Pa), Kevin Hern (R-Okla.), Markwayne Mullin (R-Okla.) and Rick Allen (R-Ga.), Roger Williams (R-Texas), Vicky Hartzler (R-Mo.), Susie Lee (D-Nev.) and Debbie Mucarsel Powell (D-Fla.) have applied for coronavirus loans recently. EDI Associates, linked to House Speaker Nancy Pelosi’s husband, Paul […]
Senator Susan Collins is fighting for her political life with a new television ad that says “in a time of crisis, real leaders step forward. Others disappear.” The ad touts that the Maine Republican co-wrote the Paycheck Protection Program that’s provided $2.5 billion in forgivable loans to more than 26,000 […]
Rosemary Ugboajah (at front) with her company’s leadership team, Alan Tse and Sheri Ellis. Terry Hastings/The Hastings Gallery hide caption toggle caption Terry Hastings/The Hastings Gallery Rosemary Ugboajah (at front) with her company’s leadership team, Alan Tse and Sheri Ellis. Terry Hastings/The Hastings Gallery The first time Rosemary Ugboajah applied […]
Shelley Luther, the Texas hair salon owner who received national attention for defying orders to keep her shop temporarily closed during the coronavirus pandemic, admitted on Monday morning that she had received $18,000 in stimulus funds days before her fateful court appearance. Luther became a conservative hero when she was […]