In a statement, Wave Life Sciences said, it will return a $7.2 million loan granted under the Payroll Protection Program (PPP), following new guidance from the U.S Treasury Department. “We made this decision after the SBA (Small Business Administration) issued… Read More ›
SBA
Burger chain Shake Shack Inc returns $10 million U.S. Small Business Administration loan
In the first such development, in a blog post, burger chain Shake Shack Inc stated, it will return the business loan that it took from the U.S. government which was meant to help businesses ride out the impact of the… Read More ›
Millions of small U.S. firms set to tap $2.2 trillion Paycheck Protection Program on Friday
According to a senior official from the Trump Administration, millions of applicants are likely to tap its $350 billion small-business coronavirus rescue loan program when it launches on Friday. Officials from the U.S. Treasury and Small Business Administration, which are… Read More ›