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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-employed workers, sole proprietors, certain nonprofit organizations ...
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 deal includes a $350 billion “Paycheck Protection Program” for small businesses as well as a $454 billion fund for a new lending agency. ... There is also a crucial change in how the $350 ...
The program is limited to $25 billion for passenger air carriers, $4 billion for air cargo carriers, and $17 billion for businesses critical to maintaining national security. [55] [56] Creates a $669 billion small-business loan program called the Paycheck Protection Program (PPP).
The 22nd District Agricultural Association, which operates the Del Mar Fairgrounds, has reached a settlement of $5,664,015 over allegations that it improperly secured a Paycheck Protection Program ...
Worrell was one of six people arrested in March on allegations of stealing a total more than $3 million from the Paycheck Protection Program, an economic stimulus enacted in 2020 under the ...
An employer is not allowed to take the Employee Retention Credit on any wages or health plan expenses that the employer counted for its Paycheck Protection Program (PPP) loan forgiveness, Emergency Paid Sick Leave, or Emergency Paid Family Leave. [6] [8]
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