Per the ruling, PPP loans are intended to help businesses cover nonpayroll costs owed to third parties, not payments to a business’s owner that occur because of how the business is structured. The ...

The financial solution that’s right for an equipment purchase isn’t necessarily the one a business should use to infuse cash into the accounts receivable department.

Two lodging companies affiliated with hotelier Monty Bennett are poised to receive $46 million in loans from the U.S. Paycheck Protection Program. One of them has stopped payments on most of its ...