MoneyBusiness

Actions

Big companies may have to return Payment Protection Program money

Money
Posted
and last updated

Big companies that received loans under the Payment Protection Program may be forced to give it back. The Small Business Administration issued new guidelines for borrowers.

It implies that if eligibility for the loan can't be proven the money should be returned by May 7th. PPP loans are intended for small businesses with 500 or fewer employees.

Money for the loans quickly ran out leaving many business owners waiting for the next round of funding. A report from the Associated Press estimates 147 publicly traded companies took out loans under the PPP.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Sunday

04/27/2025

Cloudy

65° / 52°

3%

Monday

04/28/2025

Partly Cloudy

74° / 54°

4%

Tuesday

04/29/2025

Sunny

84° / 60°

2%

Wednesday

04/30/2025

Partly Cloudy

87° / 61°

1%

Thursday

05/01/2025

Mostly Sunny

86° / 62°

2%

Friday

05/02/2025

Mostly Sunny

87° / 59°

6%

Saturday

05/03/2025

AM Clouds/PM Sun

66° / 50°

24%

Sunday

05/04/2025

AM Clouds/PM Sun

67° / 52°

23%