MoneyBusiness

Big companies may have to return Payment Protection Program money

Money
Add KERO as a Google Preferred Source

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.

Bakersfield, CA

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

ThursdayThu

11/12/2026

Sunny

86° / 56°

0%

FridayFri

11/13/2026

PM Showers

70° / 51°

45%

SaturdaySat

11/14/2026

Partly Cloudy

65° / 48°

9%

SundaySun

11/15/2026

Partly Cloudy

70° / 52°

4%

MondayMon

11/16/2026

Rain

58° / 49°

67%

TuesdayTue

11/17/2026

AM Clouds/PM Sun

58° / 43°

24%

WednesdayWed

11/18/2026

Partly Cloudy

64° / 49°

19%

ThursdayThu

11/19/2026

AM Showers

60° / 46°

47%