The Paycheck Protection Program (PPP), introduced as part of the CARES Act, provides essential financial support to small businesses. However, not all businesses or individuals are eligible for a PPP loan. Understanding the ineligibility criteria is crucial for ensuring compliance and avoiding potential legal or financial setbacks. Below, we’ll explore who is not eligible for a PPP loan in great detail.

A day after U.S. Senator Marco Rubio acknowledged flaws in the small business loan program aimed at maintaining payrolls, the federal agency administering the program announced that funds are now exhausted. The U.S. Small Business Administration ran out of money for the Paycheck Protection Program, according to a message to lenders posted on SBA’s website […]

U.S. Senator Marco Rubio and two South Florida state lawmakers held a virtual town hall meeting on Facebook Wednesday to underscore the struggles of small businesses, including layoffs, firings and keeping workers on the payroll amid the coronavirus pandemic. Rubio, a Republican U.S. senator, said many small business owners are struggling with limited access to […]