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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 ...
Paycheck Protection Program and Health Care Enhancement Act is a $484 billion law that increases funding to the Paycheck Protection Program and also provides more funding for hospitals and testing for COVID-19. The law was enacted as a response to the outbreak of the COVID-19 pandemic.
The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the second round of its program to help cover payroll costs of small businesses hurt by the ...
On top of more traditional funding, such as SBA 7(a) loans, qualifying companies had access to two rounds of Paycheck Protection Program funding, which provided forgivable loans to help companies ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
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 ...
The burger chain says it has obtained new funding and will return the paycheck protection loan it obtained to help weather the COVID-19 crisis.
Continuing Small Business Recovery and Paycheck Protection Program Act – The bill, introduced by senator Marco Rubio, is an extension of the Paycheck Protection Program, providing money for additional loans, while reserving loans only for companies with under 300 employees and at least a 50% reduction in gross receipts. [20]