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The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP ...
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. ... received a loan for $505,552. ...
Those employees, along with an army of contractors, are responsible for overseeing a loan portfolio that currently includes 48,000 PPP loans with an outstanding balance of $1.3 billion and dealing ...
President Joe Biden visiting the W. S. Jenks & Son hardware store in Washington, D.C., which received a PPP loan (). In order to be eligible for the Paycheck Protection Program, an applicant must be a small business, sole proprietor, independent contractor, self-employed person, 501(c)(3) nonprofit organization, [a] [b] [c] [14] 501(c)(19) veterans organization, [15] [16] or a tribal business.
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]
PPP is designed for small companies and has a maximum of $10 million loan value, but Vibra received the loans split between 26 LLCs at the same address. 23 of the LLCs were funded by Orrstown Bank, and almost all were funded on the same day. Vibra also received $13 million in health care grants from CARES act and $41 million in Medicare payment ...
Continue reading ->The post PPP Loans: Lender List and Requirements appeared first on SmartAsset Blog. Skip to main content. 24/7 ...
In 2020, during the COVID-19 pandemic, Anbow Education and Bay State College received a $1.47 million federal PPP loan through the Bank of America and an additional $794,000 in CARES Act-HEERF funding. [15] [16] The following year, the Small Business Administration fully forgave the outstanding principal of the PPP loan. [13]