The Texas actor who played the Red Power Ranger has been charged with fraud.

Asian stock markets are mixed on 2022′s first trading day after Wall Street ended last year with a double-digit gain.

A pastor in Maryland has been arrested by federal authorities on charges of wire fraud after authorities allege he fraudulently obtained more than $1.5 million in PPP loans.

(AP Photo/Evan Vucci)WASHINGTON – President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. Biden says a lot of these mom and pop businesses “got muscled out of the way” by larger businesses seeking federal money in the early days of the pandemic. "America’s small businesses are hurting, hurting badly and they need help now,” Biden said. Under the pandemic-era Paycheck Protection Program, the administration is establishing a two-week window, starting Wednesday, in which only businesses with fewer than 20 employees — the overwhelming majority of small businesses — can apply for the forgivable loans. The Biden effort is aimed at correcting disparities in how the program was administered by the Trump administration.

SAN ANTONIO – It looks to be bad news for Luby’s lovers. Fox 7 in Austin found governmental filings that show the restaurant posted a $3 million loss in its first fiscal quarter, while also settling 24 leases of closed Luby’s properties. AdLast June, Luby’s announced that it intended to sell off all assets and operations, including Fuddruckers, with proceeds going towards paying debts and other obligations. In September, the board of directors of Luby’s Inc. announced that it had adopted a plan to liquidate and dissolve the company. “It is estimated that most restaurant operations would cease operations under our ownership by the end of fiscal 2021,” the filing states, and “that a majority of [Luby’s] assets will be sold by December 31, 2021.”AdThere are still several Luby’s restaurants that are currently open in San Antonio.

The SBA then released general guidelines for borrowers and lenders which authorized up to $349 billion in forgivable loans to small businesses. “The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. “The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said SBA administrator Jovita Carranza. If you qualify to apply for a PPP loan, contact your local community financial institution to see if they are a participating lender.

If you’re a Bexar County resident living outside of the San Antonio city limits, help is available for rent assistance, relocation assistance, utility assistance and employment assistance. Bexar County is currently distributing financial assistance to qualified county residents through the Coronavirus Relief Fund. These programs are a partnership between Bexar County, Workforce Solutions Alamo, Project Quest, SA Works and other local organizations. TRAM funds are administered by the Housing Authority of Bexar County. Bexar County Small Business, Restaurant and Bar Business Emergency FundThis new $4 million program will provide COVID-19 relief grants that are intended to support an inclusive and diverse restaurant and bar business environment within Bexar County.

Small businesses are in limbo again as the coronavirus outbreak rages and the governments $659 billion relief program draws to a close. Congress is debating further help for small business as part of a broader coronavirus relief package. For example, the 50% requirement will leave out many small businesses, says Sean Kennedy, an executive vice president at the industry group National Restaurant Association. With the economy struggling, Koleas business is still down, and having spent all his loan money, hes hoping for a second loan. Krigman laid off staffers and rehired them when she got a PPP loan, but that money has been spent.

PPP loans were requested for Magnolia Flour, LLC and Magnolia FTT, LLC in the amount of $350,000-$1 million. Magnolia Flour, LLC does business as Silos Baking Co. and Magnolia FTT, LLC does business as Magnolia Table. Data shows the loans for Magnolia Flour, LLC and Magnolia FTT, LLC were made on April 8, and the loan for Magnolia Kitchen was made on April 9. Combined, all three Magnolia businesses that requested PPP loans allowed 210 people to retain their jobs, according to the data. Magnolia Kitchen, Magnolia Flour, LLC and Magnolia FTT, LLC all fit the criteria for small businesses as they have less than 500 employees and were directly impacted by COVID-19 closures.

The PPP offered loans up to $10 million to companies with fewer than 500 employees. The most appealing aspect of the program: possible loan forgiveness if most of the money was spent on workers. But when the loans were first proposed, lawmakers described them as a rescue for small businesses and their employees. Treasury Secretary Steven Mnuchin soon said the government would audit loans above $2 million, though some experts have their doubts. Aliera Companies, a private equity firm specializing in healthcare, got a $5 million to $10 million loan.

However, none of the four major North American sports leagues the NFL, NBA, NHL and Major League Baseball were among the businesses that applied, according to the data. The data showed businesses that applied for and received loans, though some may not ultimately have taken the funds. An AP survey completed in May found 32 U.S. Olympic sports organizations about 70% of all federations had applied for PPP loans. With their seasons shut down, more than a dozen minor league baseball teams turned up on the PPP rolls. The Big South Conference, Conference USA, Southland Conference and Big Sky Conference all listed less than two dozen full-time employees, according to the data.

Texas Data released by the U.S. Small Business Administration (SBA) shows 378 Paycheck Protection Program loans valued between $5-10 million were given to Texas businesses, 25 of which are located in San Antonio. Here is the full list of 378 Texas businesses that requested loans between $5-10 million:PPP loans are made by lending institutions which are then guaranteed by the SBA. According to a press release, all loans over $2 million will be automatically reviewed by the SBA. The Paycheck Protection Program resumed accepting applications Monday at 8 a.m. in response to the Paycheck Protection Program Extension Act. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020, according to SBA.gov.

SAN ANTONIO The U.S. Small Business Administration (SBA) has released data regarding businesses that applied for Paycheck Protection Program loans and nearly 3,000 San Antonio businesses appear to have requested funds through the program. The list of organizations that received loans include businesses, nonprofit organizations and educational entities. All PPP loans are subject to SBA review and all loans over $2 million will automatically be reviewed, according to the press release. The Paycheck Protection Program resumed accepting applications Monday at 8 a.m. in response to the Paycheck Protection Program Extension Act. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020, according to SBA.gov.

In the months ahead, Main Street loans may prove a valuable resource for firms that were in sound financial condition prior to the pandemic, Powell said. Companies with up to 15,000 employees or $5 billion in revenue are eligible for Main Street. The Fed has said it will purchase up to $600 billion in Main Street loans from banks. Main Street loans currently have a rate slightly above 3%. Haith, meanwhile, said the interest rate on a Main Street loan is much lower than he would typically expect to pay, even in a healthy economy.