That’s why, in part due to the recently passed Coronavirus Aid, Relief, and Economic Security Act (or CARES), which designated $350 billion to help small businesses,new programs have been created which are designed to help small business owners make ends meetin this unprecedented financial cri...
As Qu pointed out, to finance its relief package, the U.S. government will basically issue an IOU to the market and the rest of the world to borrow money. It will then pay this back with income from taxes and other sources over the next several years. "So tha...
While many small business owners are trying to avoid taking on more debt, they can apply for anEconomic Injury Disaster Loan. They can get up to 24 months of relief, with a maximum loan of $500,000. Those who applied before April 6 were given six months and a maximum of $150,00...
Several Democratic House members alsosent a letterto PresidentJoe Bidenearlier this week calling for more targeted relief for small businesses, including reopening the fund and the Shuttered Venue Operators Grants. Additionally, they asked for other at-risk sectors centered on in-person gatherings be ...
Using credit bureau data, we document that, despite potential savings above $4 billion, enrolment was limited: 24% for mortgages and 7% for credit cards. By exploiting the richness of our data set, we provide evidence that close to 80% of individuals were unaware of the credit card relief ...
Business Administration and PPP participating lenders, according to the indictment.She received $851,894 in COVID-19 relief funds from the fraudulent scheme.Clarke is charged with three counts of wire fraud and three counts of money laundering.She faces up to 10 years in prison for money ...
The program, designed to provide loans for small businesses to keep their workers on the payroll during the COVID-19 outbreak, ran out of money last week. In a previously approved 2.2-trillion-dollar relief package, 349 billion dollars had been allocated to fund the PPP. The U.S. Capitol...
South Dakota's attorney general called on a state lawmaker Thursday to repay more than $600,000 in federal COVID-19 relief funding she received for her preschool business.
"No one is showing up and we are firmly operating in the red now, but people are buying gift cards and ordering online, for which I am really grateful," Marshall told CBS MoneyWatch. For small business owners suddenly deprived of customers, such support from patrons can can spell the diff...
Republicans and Democrats broadly agree on the need for more small business loans, an extension of provisions that expand unemployment insurance eligibility and money for Covid-19 vaccine distribution and schools. However, lawmakers have not resolved disputes over protections against coronavirus-related ...