Following up on conversations with the Senate Small Business and Entrepreneurship Committee, last week, the Treasury Department and Small Business Administration issued new guidance around the availability of Paycheck Protection Program (PPP) loans for those with felony convictions.
In addition, after Treasury Secretary Steven Mnuchin told the Senate committee that the agency considered PPP borrower information confidential and proprietary, Democrats on the Select Subcommittee on the Coronavirus Crisis sent letters to the agencies and large banks, requesting information on the loans issued.
Read on for more details from the program.