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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]
As a result, Dunkley’s business received a Paycheck Protection Program loan for $18,540 and another under the Economic Injury Disaster Loan program for $17,500 during the pandemic.
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]
The 22nd District Agricultural Association, which operates the Del Mar Fairgrounds, has reached a settlement of $5,664,015 over allegations that it improperly secured a Paycheck Protection Program ...
Worrell was one of six people arrested in March on allegations of stealing a total more than $3 million from the Paycheck Protection Program, an economic stimulus enacted in 2020 under the ...
During the COVID-19 pandemic, the Dhillon Law Group (located in California) was the recipient of a federal loan under the Paycheck Protection Program, in the amount of between $150k-350k, in April 2020, through Hiawatha National Bank, [27] a small regional bank located in Hager City, Wisconsin with 5 branches. [28]
A South Florida man facing prison for his role in stealing millions from a federal COVID-19 loan program not only faces a prison term but also another consequence of his crime — loss of his ...