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The program relied on banks to manage most aspects of the loans with very little government intervention, which meant lenders setting up their own process for collecting loan forgiveness ...
Small businesses that received PPP loans of $50,000 or less can now apply for forgiveness using a simplified application form. Small businesses that received PPP loans of $50,000 or less can now ...
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 ...
The SBA and Treasury Department released a new, five-page forgiveness application for small business owners who received a PPP loan
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Chevy Chase Bank, F.S.B. was the largest locally based banking company in the Washington Metropolitan Area. [3] It was acquired by Capital One in February 2009, and rebranded as Capital One Bank in September 2010. Despite its name, Chevy Chase Bank was a federally chartered thrift regulated by the Office of Thrift Supervision, rather than a bank.
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