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Small businesses that received PPP loans of $50,000 or less can now apply for forgiveness using a simplified application form. Small businesses that received PPP loans of $50,000 or less can now ...
The SBA and Treasury Department released a new, five-page forgiveness application for small business owners who received a PPP loan
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 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 ...
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
And forgiveness for nearly 60,000 loans processed by Kabbage was held up due to multiple investigations into potential errors made by Kabbage in processing the loans.
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In his PPP loan application, Capps claimed Midwest Business Group had eight employees, an average monthly payroll of $32,715 and paid eligible payroll costs of $380,000 in 2019.