PPP

The paycheck protection program is set to reopen tomorrow, offering forgivable loans to small businesses. NBC 7’s Amber Frias joins us with the details and impact it could have on local businesses in need.

The small business administration is set to roll out the second round of PPP loans this week.  “The moment we’re able to do so I will definitely apply,” said Randy Smerak, owner of Solare Ristorante at Liberty Station.  Many local business owners like Smerak are eagerly awaiting the help. “The sales have gone down a lot,” said Smerak. “I...

Stimulus relief can be make or break for small business, so business owners hope the money is distributed the right way. NBC 7’s Alexis Rivas has the story.

That new stimulus relief bill includes $284 billion for small businesses through the SBA’s flagship forgivable relief loan – the Paycheck Protection Program – or PPP for short. So before the president signs the second wave of relief into law, NBC 7 Investigates did a deep dive into who got the most money here in San Diego the first time…

A Brooklyn man was arrested Monday on charges of defrauding the federal Paycheck Protection Program (PPP) of almost $2 million. Federal prosecutors in Brooklyn charged Leon Miles, 51, of using the money to purchase a 2020 Bentley Continental for $250,000 and a 2020 Cadillac Escalade for $100,000. The PPP is part of the CARES Act passed by Congress in March…

Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows. The analysis found that tenants paying rent at properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared...

NBC 7’s Alexis Rivas heard from congresswoman about the outlook on a stimulus bill.

NBC7 asked a California Congresswoman when small businesses can expect a federal stimulus lifeline, and a local business owner called her answer “scary.”

The HEROES Act is expected to die in the Senate, according to Senate Majority Leader Mitch McConnel, R-Ky.

A National Football League player from Florida is accused of stealing more than $1.2 million in coronavirus relief funds.

A San Diego business owner pleaded guilty to federal fraud charges for claiming she had employees when she, in fact, had none in order to obtain a nearly $20,000 loan meant for businesses struggling during the coronavirus pandemic, the U.S. Attorney’s Office said.

NBC 7 Investigates’ Mari Payton looks at some of the largest companies that took PPP loans meant for small businesses.

San Diego County businesses received between $3.9 to $6.5 billion in loans through the federal government’s coronavirus disaster fund.

San Diego business owners receive loans from the Small Business Administration’s Payroll Protection Program, reports NBC 7’s Priya Sridhar.

Some San Diego business owners have received lifelines from the Small Business Administration’s Payroll Protection Program.

Owner says he’s not waiting around for a lifeline from the second round of the federal government’s PPP loan program, he’s prepared to fight — with one of the biggest banks in America, reports NBC 7’s Priya Sridhar.

“I’ve been with them, I’ve been a loyal customer, and guess what, you haven’t been loyal to me, so you know what? I don’t feel bad,” said Rebecca Hyde-Edwards, who owns the Hyde Edwards Salon & Spa.

Flashbacks, a vibrant and colorful vintage clothing store that has been in business on Fifth Avenue in Hillcrest for 26 years, may be forced to close permanently due to the coronavirus pandemic, the owner tells NBC 7.

Flashbacks owner unable to obtain federal small business loan but hopeful for money to keep it operating, reports NBC 7’s Artie Ojeda