Search results
Results from the WOW.Com Content Network
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. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders. [3]
Prepayment penalty, sometimes assessed when a loan is paid off ahead of schedule; Paycheck Protection Program, a loan program for small businesses in the United States introduced during the Covid-19 pandemic; Polluter pays principle, a principle of environmental law
The loan was the third-highest in the Houston area during the entirety of July and August. ... You got $4.4 million in #PPE loans while 12 million people are about to be evicted, ...
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.
The Government has issued civil legal proceedings against PPE Medpro, a firm at the centre of a row over the supply of personal protective equipment during the coronavirus pandemic.
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.
Arun Nevader/Getty ImagesCOVID-19 decimated many independent and small businesses, particularly in the areas of restaurants, tourism, hospitality, fashion, and retail. Months of lockdowns and ...