Page 98 - Payroll Protection Program News Today

Spending levels at 40,000 restaurants nationwide dropped significantly last year because of the coronavirus pandemic. Restaurants in some states, including

More empty storefronts and for rent signs appear along city streets every week.

Restaurants' spending levels dropped last year as operators changed purchasing habits to cope with falling consumer demand during the pandemic.

New federal paycheck protection loans available By Jim Day, Albany Democrat-Herald Published: January 14, 2021, 6:21pm Share: The $900 billion federal relief package signed by President Trump in December contains $325 billion in aid for small businesses. The funding, part of a bill that also includes unemployment funds and stimulus checks for individuals, expands on the earlier Payroll Protection Program in that businesses who received funding in earlier iterations of the program...

By Kathi OShea January 15, 2021 8:30 am clipart.com BELLINGHAM, Wash. — The parent company of a long-time Bellis Fair clothing store is filing for bankruptcy and closing its doors for good. Women’s clothier Christopher and Banks announced the news in a release Thursday. A closing sale is underway including some fixtures, and clothing markdowns of 40-60%. CNN reported the company took a Payroll Protection Program loan in May. Featured Content

Wednesday, January 13, 2021 The Consolidated Appropriations Act, 2021, which became law on December 27, 2020, makes significant changes to the employee retention tax credits available under the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). The changes are generally designed to increase the availability, scope and amount of the credits. Significantly, certain employers that received a Payroll Protection Program (PPP) loan (or that were related to employers that r...

David Zalubowski/AP The front doors of a closed restaurant are secured by a chain wound through the handles of the doors and a padlock Friday, Oct. 2, 2020, in Northglenn, Colo. Victor Uruchurtu moved to the U.S. from Mexico 12 years ago. He started his own disaster restoration business in Denver for homes with flood damage. He came close to shutting down when the pandemic hit. “It was pretty pretty intense,” Uruchurtu said. The large companies that contract with him fell behind on payments...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Block Advisors Small Business Certified Tax Pros Help Small Business Owners Navigate the ... HRB Tax Group, Inc.January 13, 2021 GMT Specially trained tax pros can help explain relief options and tax implications KANSAS CITY, Mo., Jan. 13, 2021 (GLOBE NEWSWIRE) -- The stimulus package signed into law in late December includes more relief for struggling small business owners, including a second round o...

By STEFAN MODRICH  The Small Business Administration (SBA) provided a lifeline to many businesses of varying sizes and across several industries in Fort Bend County through the Paycheck Protection Program (PPP). The list of loan recipients in zip code 77478, which includes Sugar Land, was dominated by food distributors and restaurant franchisors. Tri City Foods, Inc., which is one of the largest franchise networks of Burger King in the area, garnered a $10 million PPP loan, the most in 77478...

Sole proprietorship farms may qualify for second round of PPP loan payments.