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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 ...
The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days.
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 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 ...
The Small Business Administration (SBA) on Monday will release $310 billion in funds for the second round of its program that aims to help small businesses hurt by the novel coronavirus disruption ...
But the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act expanded unemployment benefits to self-employed workers unemployed or underemployed because …
To amend the Small Business Act and the CARES Act to extend the covered period for the paycheck protection program, and for other purposes. Pub. L. 117–6 (text), H.R. 1799, 135 Stat. 250, enacted March 27, 2021: 117-7 April 14, 2021 (No short title) To prevent across-the-board direct spending cuts, and for other purposes.
Most of Ford Motor Co's <F.N> U.S. dealers received payroll protection loans from the U.S. government amid the coronavirus pandemic, the automaker's chief operating officer said on Thursday. Early ...