ThePaycheck Protection Program (PPP)was a huge federal program that paid out $793 billion in small business loans during the COVID-19 pandemic.1ThePPP Act, which instigated the program, allowed for much of that money to be forgiven, so the businesses that received it don’t have to pay i...
The Paycheck Protection Program (PPP) provided small businesses with roughly $800 billion dollars in uncollateralized, low-interest loans during the pandemic, aAutor, David H.Cho, DavidCrane, Leland DodGoldar, MitaLutz, Byron F.Montes, Joshua...
The second round of federal small business loans designed to help them survive during the coronavirus pandemic got off to an uneven start. Banks claimed they had problems getting their loan applications into the government's overwhelmed computer system, while the L.A. Lakers basketball team was ...
The loans, which aim to help small keep workers on payroll during the COVID-19 pandemic, are in addition to over $175 billion in federal funding earmarked for healthcare providers affected by the novel coronavirus. Distribution of the funding for healthcare providers, howeve...
Our Health Care Group details how changes by the Centers for Medicare & Medicaid Services to the AAP loan program delays repayment obligations for all health care providers and suppliers that received AAP loans during the COVID-19 pandemic. ...
the all Main Street Lending Program loans, the applicant nonprofit must have been in sound financial condition before the COVID-19 pandemic. Comments are due by Monday, June 22, 2020. Interested parties should closely review the proposed terms and conditions described in the Fed announcement and ...
"During the COVID pandemic, the federal government suspended all interest and payments for federal student loan borrowers through the CARES Act," noted Travis Hornsby, CFA and founder of Student Loan Planner. Student loan payments and interest deferment on federal student loans have also been extend...
Wells Fargo stops taking applications for Paycheck Protection Program loansBy Stephen Gandel Updated on: April 6, 2020 / 12:07 PM EDT / MoneyWatch Wells Fargo is bowing out of a new federal program aimed at helping small businesses retain workers and pay bills during the coronavirus pandemic. ...
Many small business owners have applied for Paycheck Protection Program loans, created under the CARES Act as an incentive for employers to maintain payroll during the COVID-19 pandemic.
Some PPP loans, meant for struggling businesses during the COVID-19 pandemic, were stolen by criminals, the FBI says.CHICAGO (WLS) -- The Paycheck Protection Program has issued $22 billion to struggling Illinois businesses, but some of those federal loans are being stolen, according to the ...