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Tag Archives: business news

This part of Paycheck Protection Program could reduce forgivable loans

Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg | Getty Images The Small Business Administration may forgive the loans, which are offered through SBA-approved banks, given certain stipulations. …

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Lenders give mortgage relief amid pandemic. Ask these questions first

Homeowners whose finances have been battered by coronavirus might want to think again before postponing their mortgage payments. Congress has offered some relief to mortgage borrowers who are experiencing financial strain from the coronavirus pandemic, which has left a flood of layoffs in its wake. The Coronavirus Aid, Relief, and …

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