Paycheck Protection Program Archives

Shake Shack Giving Back $10 Million Small Business Loan From The CARES Act

With a Shake Shack in Harlem, the fast-casual restaurant chain Shake Shack is returning the $10 million small business loan it received under the CARES Act.Continue reading

The Biden-Harris Administration Brings Immediate Enhancements To PPP Lending Program

The Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. Continue reading

Op-Ed: The Urgent Need For Long-Term Small Business Relief From Harlem To Hawaii

By John Lettieri, president, & CEO, Economic Innovation Group Small businesses are the backbone of our economy and the heart of our communities, and the economic fallout from the pandemic has imperiled them like nothing prior to our lifetimes.Continue reading

Tren’ness Woods-Black And Others Help NYC’s Immigrant-And Minority-Owned Small Businesses Recover

In recent months, CUF has shined a light on the disproportionate damage done by the pandemic to the city’s immigrant- and minority-owned small businesses, while elevating solutions to help cushion the blow and ensure an inclusive recovery.Continue reading

The COVID Crisis: Announcing Nearly 6,000 PPP Loans To District And More Time To Apply

Today, Representative Adriano Espaillat announced the release of Paycheck Protection Program (PPP) information to New York’s 13th congressional district by the Small Business Administration and U.S. Treasury Department:Continue reading

Harlem Commonwealth Council Is Officially A Lender For The Paycheck Protection Program

Harlem Commonwealth Council Inc. (HCC) is pleased to announce that its investment subsidiary, Harlem Entrepreneurial Fund (HEF), was approved to participate in the U.S. Small Business Administration (SBA)'s Paycheck Protection Program (PPP) as a lender.Continue reading

The COVID Crisis: Black-Owned Businesses Demand Share Of Federal Dollars As COVID-19 Rages On

By J. Cunningham, Special to Texas Metro News The coronavirus pandemic has ravaged the U.S. economy, leaving scores of businesses in limbo and livelihoods in jeopardy.Continue reading

Harlem Rep. Espaillat Update On The Paycheck Protection Program And Impact To NY’s 13th Congressional District

Representative Adriano Espaillat released the following statement on the release of additional funding for the Paycheck Protection Program (PPP).Continue reading

The COVID Crisis: Harlem Rep. Espaillat Lauds Senate Passage Of Small Business $60 Billion Funding (Spanish)

Representative Adriano Espaillat, a member of the House Small Business Committee, led by Chairwoman Nydia M. Velázquez (NY-07) released the following statement on the inclusion of $60 billion to support small and minority-owned businesses.Continue reading

Senate Democrats Reject GOP Small Business Loan Bid Over “Community-Based Funding”

On Thursday, Senate Democrats blocked a bid by Senate Majority Leader Mitch McConnell (R - Ky.) to deliver an additional $250 billion in coronavirus aid to small businesses.Continue reading