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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. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders. [3]
The initiative is only for loans of $150,000 or less, which make up 92% of the PPP loans distributed. The new online portal is reportedly designed to streamline the process both for borrowers and ...
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 ...
To apply for an SBA 7(a) loan, you will need to work with a lender approved by the SBA. Then, be prepared to submit a long list of financial documentation to show that you can repay the loan.
On April 10, 2020, Phunware received $6.1 million in federally backed small business loans from JP Morgan Chase as part of the Paycheck Protection Program. The company received scrutiny over this loan for its connections to Donald Trump and Fox News .
This is an accepted version of this page This is the latest accepted revision, reviewed on 31 January 2025. American politician (born 1960) Jeff Fortenberry Member of the U.S. House of Representatives from Nebraska's 1st district In office January 3, 2005 – March 31, 2022 Preceded by Doug Bereuter Succeeded by Mike Flood Personal details Born (1960-12-27) December 27, 1960 (age 64) Baton ...
May have to apply in person. 2. Online loans. Who it’s best for: Businesses with fair-to-bad credit or needing funds quickly. Where to get online loans: Fintech lenders without bank branches.