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March 7, 2021

PPP

Article

Breaking down the tax implications of PPP loans

March 4, 2021 The Associated Press

The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program. Can you deduct expenses paid with your loan funds? Do you need to do anything […]

Article

Biden to boost pandemic lending to smallest businesses

February 22, 2021 The Associated Press

WASHINGTON, D.C. — President Joe Biden is targeting federal pandemic assistance to the nation’s smallest businesses and taking steps to further equity in what is known as the Paycheck Protection Program. The administration is establishing […]

Article

Tillis holds PPP roundtable with restaurant industry leaders in Raleigh

August 26, 2020 A.P. Dillon

RALEIGH — Sen. Thom Tillis (R-NC) held a roundtable at the Angus Barn in Raleigh to discuss the Paycheck Protection Program, or PPP, with concerned restaurant owners. Angus Barn owners Van Eure and Steve Thanhauser […]

Article

TILLIS: DNC shows two paths offered to voters

August 20, 2020 admin

As the Democrats finish their virtual convention this week, it is clear that there are two very distinct paths being offered to voters this November. North Carolinians can either cast their votes to continue our […]

Article

Nation’s top small business advocacy organization endorses Tillis

August 13, 2020 A.P. Dillon

RALEIGH — Today, during a virtual event held using Zoom, the nation’s top small business advocacy organization announced their endorsement of U.S. Sen. Thom Tillis for re-election. The National Federation of Independent Business (NFIB) announced […]

Article

KAKADELIS: Setting the record straight on charter funding and PPP loans

August 11, 2020 admin

Recent news coverage skews the facts on charter funding and Paycheck Protection Program (PPP) loans. Because some public charter schools received PPP loans and a portion of CARES Act funding, critics accuse them of “double-dipping.” […]

Article

With loan money gone, restaurants are at mercy of virus

August 3, 2020 The Associated Press

NEW YORK — The check has arrived and beleaguered restaurant owners across America are looking down on their empty wallets. Government coronavirus loans in the spring helped eating establishments rehire laid-off employees and ride out […]

News

Report: Cal Cunningham criticized, then used PPP funds

July 7, 2020 North State Journal Staff

A report from the Washington Free Beacon on Tuesday reported that WasteZero, a Raleigh-based environmentalist trash service, obtained between $1 and $2 million in PPP funding on May 3, data released by the Small Business Administration […]

Article

Fed’s program for loaning to Main Street off to slow start

June 30, 2020 The Associated Press

WASHINGTON, D.C. — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He’s making money through food delivery and pickup and wants […]

Business

Fed moves to ensure companies can tap bond market for funds

June 16, 2020 The Associated Press

WASHINGTON, D.C. — The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The […]

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