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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 ...
Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small ...
“A re-elected President Trump would certainly not provide any forgiveness for borrowers who are saddled with student loan debt,” said Jo Ann Oravec, MA, MS, MBA, Ph.D., a professor in the ...
The provisions set forth by the Trump-era 2017 Tax Cuts and Jobs Act are slated to expire by the end of 2025. But, a second-term Trump presidency would surely result in an extension of these rules.
Expands the Small Business Administration's Economic Injury Disaster Loans (EIDL) to cover most nonprofit organizations, including faith-based organizations. An unsecured EIDL can be for up to $25,000, while a secured EIDL may be for up to $2 million. The applicant must have an acceptable credit history and be able to repay the EIDL.
To help address lost income for millions of workers and assist businesses, Congress and President Trump enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020. It included loans and grants for businesses, along with direct payments to individuals and additional funding for unemployment insurance.
Beginning April 6, 2021, the U.S. Small Business Administration (SBA) is expanding its Economic Injury and Disaster Loan (EIDL) program, the organization announced in a press release. Small ...
A subsequent $2.2 trillion aid package was later proposed and signed into law March 27, 2020, titled the CARES Act which provided forgivable loans for small businesses, increased unemployment benefits, a temporary child tax credit and further aid towards state and local governments in addressing the pandemic.