More than six weeks after the long-delayed program started taking applications, 14,000 businesses have applied for a Shuttered Venue Operators Grant. Only 90 have been awarded one.
More than six weeks after the long-delayed program started taking applications, 14,000 businesses have applied for a Shuttered Venue Operators Grant. Only 90 have been awarded one.
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Dive Brief:
The Paycheck Protection Program has run out of funds and its portal has stopped accepting applications for loans from most lenders, the American Bankers Association posted Tuesday on its website, citing a Small Business Administration update.
Some of the money is still available through minority depository institutions and community development financial institutions, although the estimated amount varies slightly, according to trade groups. The ABA pegged the figure at about $8 billion, while the Independent Community Bankers Association said $9.9 billion remained.
The funding cutoff comes nearly four weeks before PPP was slated to end. Lawmakers in late March extended the program s application deadline to May 31 and gave the SBA until June 30 to close pending PPP applications.
Trump administration bailed out anti-vaccine groups during the pandemic
Five anti-vaccine organizations received more than $850K from the federal Paycheck Protection Program
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According to a new report, multiple anti-vaccine organizations have received more than $850K in loans from the federal Paycheck Protection Program installed to provide relief to companies amid the coronavirus pandemic.
The
Washington Post reports that the National Vaccine Information Center, Mercola Health Resources, Informed Consent Action Network, the Children’s Health Defense Co., and the Tenpenny Integrative Medical Center all received PPP funding from the government. The Center for Countering Digital Hate conducted the research using public documents and uncovered the loans. The U.K.-based group used data released in early December by the Small Business Administration in response to a lawsuit from