Majority of Paycheck Protection Program loans have been …
WEBJan 9, 2023 · Called PPP for short, the program offered simple-to-get, potentially forgivable government loans to small businesses. Yet billions of dollars went to companies owned by wealthy celebrities ...
Government has forgiven nearly $400 billion in Covid-relief PPP …
WEBJul 21, 2021 · WASHINGTON — The federal government has forgiven $394.6 billion in more than 4 million loans to businesses through the Paycheck Protection Program (PPP), according to new data published by a...
Small Business Administration Announces Further Action to Help PPP …
WEBJan 5, 2024 · WASHINGTON – The U.S. Small Business Administration (SBA) has announced expanded flexibility and accommodations for COVID EIDL and PPP borrowers to help bring them into compliance and avoid the repercussions of defaulting on a government loan.
SBA Administrator Announces New Paycheck Protection Program (PPP …
WEBSep 24, 2021 · WASHINGTON – The U.S. Small Business Administration (SBA) reached a major milestone today as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its one millionth PPP loan forgiveness application for borrowers seeking forgiveness for loans of $150,000 or less.
PPP Loan Forgiveness: The Clock Is Ticking - Forbes
WEBAug 25, 2021 · Paycheck Protection Program (PPP) loans, aimed at providing financial relief to help companies dealing with the economic fallout of the Covid-19 pandemic, provided a lifeline for...
New portal will allow small businesses to apply directly for PPP …
WEBJul 28, 2021 · The Small Business Administration announced Wednesday that it's launching a new portal for small businesses to apply directly for Paycheck Protection Program loan forgiveness through the agency....
Fintechs fueled widespread PPP loan fraud, according to a report …
WEBDec 6, 2022 · PPP provided more than 11 million potentially forgivable low-interest loans to small businesses to help them keep employees on the payroll as COVID-19 shutdowns decimated profits.
PPP loan forgiveness | U.S. Small Business Administration
WEBMar 13, 2024 · Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content. Where to apply for loan forgiveness. Effective March 13, 2024, all borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.
Biden signs PPP extension into law, moving application ... - CBS News
WEBMar 30, 2021 · Washington — President Biden on Tuesday signed an extension for the popular Paycheck Protection Program (PPP), which was created last year to help small businesses weather the economic...
PPP Loan Fraud Campaign Warrants Documentation, Internal Review
WEB2 days ago · Conduct an honest internal review to determine whether you can prove that use of the PPP funds followed the program’s guidelines. Identify any discrepancies or issues that must be addressed. Prepare for possible outcomes. Understand the potential consequences of the investigation, which could span negotiation with authorities, fines ...
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