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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 ...
The PPP program was created by Congress in March 2020 to help small businesses struggling with COVID-19 closures and disruptions. Under the terms of the program, small businesses could obtain ...
A key part of the Small Business Administration's Paycheck Protection Program is forgiveness. "The next big critical moment here is going to be some clear guidance on the forgiveness piece of this ...
The release late Friday, May 22, of clarified rules on the Paycheck Protection Program (PPP) cleared up some aspects of the program, left some others uncertain but also drove home the point that ...
With a net worth of $27.7 million, Williams was listed as the 22nd wealthiest member of Congress in 2018. [46] Williams is a trustee of TCU and the George Bush School of Government and Public Service at Texas A&M University in College Station. [citation needed] Williams is the coach of the Republican team for the Congressional Baseball Game. [47]
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]
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 ...
If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer considered deferred, and borrowers will begin making loan ...