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Meant to keep employees on the payroll during a time of tremendous upheaval in the economy, PPP loans were an attractive program to borrowers because of the interest rate of just 1%, and could be ...
In principle, the forgiveness terms are straightforward: borrowers must spend 75% of the loan on payroll costs, such as salaries, tips, leave, severance pay and health insurance, within the first ...
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 ...
When student loan borrowers began applying for loan forgiveness 10 years after the program went into effect, most were denied relief. The White House said it made administrative fixes that ...
Here are three ways the IRS says your employer can help pay your debt tax-free: ... would be welcome news to borrowers struggling to pay down their debt. About 48 million borrowers have student ...
Borrowers have until Oct. 31 to apply for the Public Service Loan Forgiveness plan, which wipes out loan debt for people who make timely payments for 120 months while working full time for the ...
Funding Circle is a unique online-based SBA lender specializing in small SBA loans for fair or strong credit borrowers. Business owners can qualify with as little as a 630 personal credit score ...
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