Treasury: Page 33
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Small businesses 'muscled out' of aid to receive exclusive access to PPP loans
President Biden is targeting Paycheck Protection Program loans to businesses with fewer than 20 workers that he says received too little from the coronavirus rescue program in 2020.
By Jim Tyson • Feb. 22, 2021 -
Whole Foods/CFO Dive, data from https://media.wholefoodsmarket.com/image-library/category/prepared-foods
Report: Hardest-hit businesses received less than 10% of PPP loans
Companies in food services and similar businesses slammed by COVID-19 received a comparatively small portion of PPP loans in 2020, according to a Tax Policy Center analysis.
By Jim Tyson • Feb. 21, 2021 -
Moriah Solomon. (2021). [Photograph]. Retrieved from Unsplash.
Prior business relationships influence PPP coronavirus lending, study finds
Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.
By Jim Tyson • Feb. 17, 2021 -
Survey: Most financial executives not planning to use bitcoin as corporate asset
Volatility discourages most financial executives from ever adopting bitcoin even though it is gaining some acceptance in finance, according to a Gartner survey.
By Jim Tyson • Feb. 17, 2021 -
CBO: US federal debt to surge this decade, fueled by rising deficits
Annual federal deficits will rise to 5.7% of GDP by 2031, increasing U.S. debt to a record 107% of GDP that year, according to CBO projections.
By Jim Tyson • Feb. 16, 2021 -
Survey: CFOs plan to shore up reserves against pandemic, other risks
CFOs are reacting to the pandemic-induced downturn by reshaping risk strategies and cushioning against future shocks, a Euler Hermes survey finds.
By Jim Tyson • Feb. 9, 2021 -
CFOs turn to shelf registrations to position companies for capital raises
Filings can have a short-term negative impact. But when the timing is right, they help companies move quickly with stock and other offerings.
By Robert Freedman • Feb. 7, 2021 -
"Michigan Capitol" by Michael Erwine is licensed under CC BY 2.0
Study: States cut corporate taxes despite pandemic-induced shortfalls
A plunge in tax revenue caused by the downturn in 2020 did not discourage several states from trimming corporate income taxes.
By Jim Tyson • Feb. 4, 2021 -
Study: Companies pivoted during Q3, boosting production even as pandemic spread
After the initial blow from the coronavirus, companies reallocated resources and revived production during the third quarter of 2020.
By Jim Tyson • Feb. 3, 2021 -
Study: Digital finance helped CFOs obtain pandemic aid
Government multiplied the impact of PPP and other aid thanks to the robust digital infrastructure in place, a McKinsey study found.
By Jim Tyson • Feb. 1, 2021 -
Companies that divested assets achieved high EBITDA growth: study
Especially for those facing earnings pressure, companies that divested during a downturn were able to boost cash flow, PwC says.
By Jim Tyson • Feb. 1, 2021 -
Deep Dive5 CFO tips for tapping today's abundant capital
Record monetary and fiscal stimulus is flooding markets with liquidity, giving CFOs an unusual opportunity to improve capital structure.
By Jim Tyson • Jan. 29, 2021 -
gilaxia via Getty Images
Survey: US companies retrenched less during pandemic than firms in China, India
The coronavirus has compelled fewer staff and pay cuts among U.S. companies than among firms in China, India and the Middle East, according to a survey from the Institute of Management Accountants.
By Jim Tyson • Jan. 28, 2021 -
SBA approves over $5B in loans during first week of PPP re-opening
Amid mounting costs from the pandemic, the SBA begins a new round of Paycheck Protection Program lending approved by Congress in December.
By Jim Tyson • Jan. 25, 2021 -
IRS postpones date for companies to repay deferred payroll taxes
Companies now must repay 2020 taxes delayed as part of pandemic-related relief by Dec. 31, rather than April 30.
By Jim Tyson • Jan. 21, 2021 -
Yellen: Small business, COVID-19 aid more important than deficits right now
The Biden Administration wants to amend rather than repeal the 2017 tax law by eliminating some benefits to large companies and the highest-income taxpayers, the Treasury nominee said during her confirmation hearing.
By Jim Tyson • Jan. 20, 2021 -
Deep Dive
4 ways CFOs can cut waste in spending on the cloud
The typical company wastes as much as 35% of its cloud budget, estimates show. Wasteful spending rose as many companies rushed to move operations into the cloud during the pandemic.
By Jim Tyson • Jan. 18, 2021 -
CFOs, HR leaders optimistic about recovery in 2021, survey finds
Financial executives at emerging and mid-market businesses expect COVID-19 vaccine distributions this year to brighten the economic outlook.
By Jim Tyson • Jan. 14, 2021 -
North American M&A deal volume hits record Q4, survey finds
Although deal-makers shook off the pandemic during the fourth quarter, total global transactions fell last year to the lowest level since the mortgage finance crisis.
By Jim Tyson • Jan. 12, 2021 -
Non-PPP forgivable loan help available to startups, other SMBs
Even companies unscathed by the pandemic can get months of debt service payments made on their behalf without having to repay the assistance.
By Robert Freedman • Jan. 6, 2021 -
Hotels, restaurants to get larger PPP loans
The second round expands eligible uses to cloud computing and other operational expenses as well as essential supplies.
By Robert Freedman • Jan. 5, 2021 -
COVID-19 upends some companies' dividend-or-buyback calculation
How thinly a stock is traded, its current book value and the availability of alternative uses of cash weigh into the buyback-or-dividend decision, finance leaders say.
By Ramona Dzinkowski • Jan. 1, 2021 -
New type of direct listing promises cheaper, more lucrative IPOs
The SEC approved primary direct floor listings in December. Critics worry these new listings will brew trouble.
By Robert Freedman • Jan. 1, 2021 -
Companies see covenant, indenture loosening as investors hunt for yield
The more frequent elimination of ratio debt is one of the key leveraged loan and high-yield bond trends this year.
By Ted Knutson • Dec. 20, 2020 -
Feds OK 18-month LIBOR reprieve
Existing instruments are expected to be main beneficiaries; new issues still on track to use different rates.
By Robert Freedman • Dec. 14, 2020
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