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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]
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 Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The owner of a Hanford nuclear site subcontractor has agreed to pay the federal government $1.1 million to settle accusations that he and BNL Technical Services defrauded the federal government ...
The feds have focused their COVID-19 loan fraud probe on BSO deputies and others in the agency. 17 Broward sheriff’s employees face charges of fleecing federal pandemic loan program Skip to main ...
After making what it called “significant fixes” to the Public Service Loan Forgiveness (PSLF) program, the Biden administration on Thursday is announcing the approval of $4.5 billion in ...
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