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The PPP program bailed out the Georgia-based online lender, which went from furloughing employees in March 2020 to being an appealing takeover target in a matter of months thanks in part to the $7 ...
The House report states that two fintechs, Womply and Blueacorn, facilitated a third of PPP loans in 2021 before being suspended by the Small Business Administration earlier this year.
Those employees, along with an army of contractors, are responsible for overseeing a loan portfolio that currently includes 48,000 PPP loans with an outstanding balance of $1.3 billion and dealing ...
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 ...
BlueHippo Funding, LLC was an installment credit company operating in the United States founded by Joseph Rensin that claimed to offer personal computers, flat-screen televisions and other high-tech items for sale to customers with poor credit.
Goldman Sachs also committed to buying $320 million in loans from Loanpal. [15] By October 2020, the company had funded over $4.5 billion in solar loans [ 16 ] and closed a securitization of $434 million worth of Loanpal loans in November 2020 [ 17 ] and was responsible for 41% of the solar loan market in the U.S. and was the top solar lender ...
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self ...
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [ 1 ] [ 2 ] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [ 3 ]
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