SoftBank-backed startups among those approved for U.S. paycheck loan program
(This July 6 story has been refiled to clarify that CloudMinds Technology Inc is a U.S.-based subsidiary of CloudMinds Inc in paragraphs 5-6) [...]
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Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid
PHILADELPHIA/WASHINGTON (Reuters) – Backlights off, music quiet and poles bare, strip clubs across the United States closed earlier this year in the face [...]
U.S. Paycheck Protection hit some of its mark, but missed the most vulnerable
(Reuters) – The Paycheck Protection Program appears to have thrown a critical safety net under U.S. middle and upper-middle-wage jobs, but it faltered [...]
Internal U.S. small business watchdog launches inquiry into duplicate pandemic loans
WASHINGTON (Reuters) – The U.S. Small Business Administration’s internal watchdog has launched an inquiry into a technical glitch that led many small businesses [...]
Amid pandemic, wealthy U.S. families approved for government loans
BOSTON (Reuters) – Private investment firms that manage the fortunes of wealthy individuals and their kin were approved for millions of dollars in [...]
Trump administration says pandemic aid saved 51 million jobs. Did it?
WASHINGTON (Reuters) – U.S. President Donald Trump’s administration touted its $660 billion small business pandemic aid program this week as a “wild success,” [...]
Grindr, dating app valued at $620 million, cleared for small-business loan
(Reuters) – Grindr, the gay dating app valued at $620 million when it was sold recently by its Chinese owner, was approved for [...]
Dozens of expensive private schools received millions in U.S. pandemic loans
NEW YORK (Reuters) – At least six dozen expensive private schools, including one where former President Barack Obama’s children studied, got between $42 [...]
Elite Boies law firm approved for up to $10 million in PPP aid
(Reuters) – An elite law firm founded by trial lawyer David Boies was approved for up to $10 million in federal aid under [...]
U.S. Treasury to name small businesses that took pandemic aid, says 51.1 million jobs supported
WASHINGTON (Reuters) – The Trump administration on Monday said it was releasing the names of hundreds of thousands of businesses which took money [...]