paycheck protection program

Three months ago, 1 in 5 Indiana small business owners said they would have to close over the next six months without additional aid.

The National Federation of Independent Business estimates more than 80 percent of small businesses that received a PPP loan have used all the money already in the most recent survey taken.

More than 75,000 loans were issued to businesses and organizations in Indiana through the Paycheck Protection Program. The program's deadline is Aug. 8,

The Small Business Administration released national data on who received a Paycheck Protection Program (PPP) loan through June. But the lack of detailed information included for smaller loans limits the ability to hold those businesses and organizations accountable.

The Small Business Administration released data Monday on companies and other groups that received a loan through the Paycheck Protection Program (PPP).

The Paycheck Protection Program (PPP) created to help small businesses in response to the coronavirus was set to expire Tuesday. According to some advocates, most businesses owned by people of color did not get the chance to take full advantage of the program.

Businesses in Indiana lost billions of dollars to the pandemic. Federal support helped, but for many small businesses, owners say it isn't nearly enough. With tight profit margins even before COVID-19, some are worried for the future of their businesses.

The Small Business Restart Fund is supported by $30 million of federal CARES Act funding sent to Indiana.

The RESTART Act proposes extending the time businesses have to use the PPP loan from eight to 16 weeks and creates a new lending program to be a bridge while businesses get back up and fully running.

The Indianapolis City-County Council held an emergency meeting Friday and unanimously approved more funding for small business loans.