Borrowers who received loans of $50,000 or less from the Paycheck Protection Program will now be forgiven for the full loan amount regardless of any decreases to their full-time employee count or wages.

Some 16 Lehigh Valley companies received up to $10 million from the federal Paycheck Protection Program, according to data released Monday by the Small Business Administration.

More than $6 billion of remaining Paycheck Protection Program funds will be reserved for Community Development Financial Institutions to lend to a broader demographic of small business owners, federal officials announced on Thursday.

There’s still $147 billion available in the second round of the Paycheck Protection Program, according to a report by the Small Business Administration released on Saturday.

Business partnerships could be eligible for additional funds via the Paycheck Protection Program if they didn’t include the self-employment income of partners in its initial application, according to a guidance update from the Small Business Administration.

The long-awaited form Paycheck Protection Program borrowers need to be forgiven for their loan has been released by the Small Business Administration to “reduce compliance burdens and simplify the process for borrowers.”

Recipients of a less than $2 million loan via the Paycheck Protection Program automatically meet financial qualifications to receive their loan based on economic need, the Small Business Administration said in a Wednesday guideline update.

Requirements for small businesses to be forgiven for federal paycheck protection loans are at the center of lobbying efforts to revise the program’s guidelines by industry leaders who say the aid package fails to address sector-specific challenges of the coronavirus recession.

The $349 billion Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDLs) are tapped out after a hurried and uneven rollout that extended private lenders beyond capacity and left many businesses in peril. Officials from the Small Business Administration, the federal agency responsible for rolling out both programs, said lenders processed more than 14 ...

More than $247 billion of the $349 billion Paycheck Protection Program (PPP) has been approved for use by American businesses as of Tuesday evening, according to the latest figures from the Small Business Administration, the federal agency overseeing the rollout of stimulus funds.