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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 ...
So far, the Small Business Administration has not made public the list of roughly 4.6 million businesses that have received close to $513 billion in government-backed aid. At least 4 members of ...
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 loan program was primarily intended to protect employee pay during the COVID-19 pandemic. The loans were eventually forgiven, and Kelly was scrutinized for receiving the loan while serving as a member of Congress, though he denied any wrongdoing. [11]
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. ... Over 100 loans were made to ...
The PPP program was created by Congress in March 2020 to help small businesses struggling with COVID-19 closures and disruptions. ... agreement after the SBA made changes to the loan forgiveness ...
An employer that has already filed its Form 941 for each quarter may file a Form 941-X with the IRS in order to request the tax credit be refunded to it by a check by mail. [3] An employer may file Form 941-X to receive a tax refund up to three years and four months after the end of the calendar year if the original Form 941 was filed before ...
Mayweather Promotions, TB12 and Golden Boy Promotions were among a long list of sports organizations granted government money during the shutdown. Tom Brady, Floyd Mayweather have companies that ...