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2. Paycheck Protection Program - Wikipedia

   en.wikipedia.org/wiki/Paycheck_Protection_Program

   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 ...

3. SBA ramps up PPP loan forgiveness as big banks like ... - AOL

   www.aol.com/finance/ppp-ramps-loan-forgiveness...

   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 ...

4. Paycheck Protection Program and Health Care Enhancement Act

   en.wikipedia.org/wiki/Paycheck_Protection...

   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]

5. Employee Retention Credit - Wikipedia

   en.wikipedia.org/wiki/Employee_Retention_Credit

   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]

6. PPP program was awash in fraud. Now, one lender may ... - AOL

   www.aol.com/news/ppp-program-awash-fraud-now...

   Hundreds of borrowers have been prosecuted for submitting fraudulent PPP applications, but few lenders have been held accountable for their role in approving these fraudulent loans. Now, thanks to ...

7. Facing federal PPP fraud investigations, online lender ... - AOL

   www.aol.com/facing-federal-ppp-fraud...

   Those employees, along with an army of contractors, are responsible for overseeing a loan portfolio that currently includes 48,000 PPP loans with an outstanding balance of $1.3 billion and dealing ...

8. Ameris Bancorp - Wikipedia

   en.wikipedia.org/wiki/AMERIS_BANCORP

   As an SBA-preferred lender, Ameris Bank worked with its commercial customers to provide relief during the 2020-2021 COVID-19 pandemic. The bank originated more than $1.5 billion in Paycheck Protection Program (PPP) loans to more than 14,000 businesses, including intentional outreach to more than 400,000 minority and woman-owned businesses.

9. Small Banks Make Outsized Impact in PPP Applications - AOL

   www.aol.com/finance/small-banks-outsized-impact...

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