Rent relief has been provided to some residential tenants through local funds, but what policy solutions are available to commercial tenants to make sure they have a space to operate their business once the pandemic is over? Continue Reading
The extra $600 in federal weekly unemployment benefits Americans have collected during the recession will end this weekend. What then for 25 million out of work adults? Continue Reading
With over $130 billion in the Paycheck Protection Program still unclaimed, many are asking why money remains unallocated when small businesses are still in need, particularly businesses owned by underserved populations. Continue Reading
Although the Main Street Lending Program was announced in late March, participation in the program did not begin until June 15. Since then, bank executives have noted a lack of interest from borrowers; several institutions have reported less than 200 interested borrowers each. Continue Reading
The road to recovery is still full of economic challenges for many, including mid-sized businesses and nonprofit organizations. This post reviews loan programs and proposals that aim to fund these two types of entities, including a mid-sized business loan program and the Main Street Lending Program (MSLP). Continue Reading
With over $130 billion in PPP funding still unused as of early June, a more inclusive and comprehensive set of lending regulations would help streamline the loan process and provide small businesses with much-needed funds. Continue Reading
With Congress recently passing the Paycheck Protection Program Flexibility Act, program recipients need to be aware of tax and financial reporting-related compliance issues. This blog post discusses three such issues where the rules are not entirely clear. Continue Reading