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President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Provisions of the Paycheck Protection Program and Health Care Enhancement Act include the following. Appropriates an additional $320 billion of funding for the Paycheck Protection Program, which provides low-interest loans for payroll costs and other expenses to small businesses that are forgivable under certain circumstances. [19]
I created the article PPP Extension Act of 2021 (which is about proposed legislation in the 117th United States Congress of the same name, that would extend the Paycheck Protection Program by a few months), which Wikipedia editor John B123 moved to the draftspace at Draft:PPP Extension Act of 2021 since it did not have any sources and was not a ...
Kabbage provided small businesses with debt facilities. In March 2020, Kabbage suspended lending services for active and new customers in favor of offering loans to U.S. businesses through the PPP (Paycheck Protection Program) introduced as part of the Trump administration's COVID-19 economic stimulus package.
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
On April 17, 2020, two subsidiaries of Ruth's Hospitality Group received $20 million in Paycheck Protection Program loans secured by the federal government. Although the subsidiaries were eligible for these loans and planned to use them to pay their restaurant employees, there was a considerable public backlash. [13]
In April 2021, Blotnick was arrested and accused of applying for five separate Paycheck Protection Program (PPP) loans between April 2020 and August 2020, and of falsifying information about the number of employees, federal tax returns, and payroll documentation. [9] [10] [11]
Plant Protection Product (pesticide) Progress, plans, problems, a reporting methodology; Prepayment penalty, sometimes assessed when a loan is paid off ahead of schedule; Paycheck Protection Program, a loan program for small businesses in the United States introduced during the Covid-19 pandemic; Polluter pays principle, a principle of ...