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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 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.
Of that amount, $60 billion is for PPP loans made by small banks, small credit unions, and community financial institutions. [19] [20] Appropriates an additional $10 billion for emergency Economic Injury Disaster Loans. [21] [20] Expands eligibility for emergency Economic Injury Disaster Loans to farms and agricultural-related businesses. [22] [20]
The PPP program bailed out the Georgia-based online lender, which went from furloughing employees in March 2020 to being an appealing takeover target in a matter of months thanks in part to the $7 ...
ACORN sued the United States Government in the United States District Court in Brooklyn over the measure, known as the "Defund ACORN Act", claiming it was a bill of attainder, and therefore unconstitutional. Experts varied on the merit of the case, which was styled ACORN v. United States. One argument was that while government funding choices ...
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. Fifteen of the properties self ...
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