WASHINGTON (Reuters) – Standing in front of half a dozen American flags at a press conference at his country club in Bedminster, New Jersey, President Donald Trump announced what has become a central part of his November re-election argument: the treatment of his administration of the economic downturn of the …
Read More »New PPP rules from SBA aimed at clarifying loan forgiveness
getty The U.S. Small Business Administration, which manages the Payroll Protection Program (PPP), began applying for loan relief on August 10th. Just two weeks later, the bureau, in conjunction with the Treasury Department, issued additional guidelines on forgiveness of designed pandemic loans to keep workers on payroll. If you are …
Read More »Here’s what small businesses can expect in the second incentive
Shayna “Pigeon” Meikle opens her elementary school shop on Retro Row in Long Beach, California, on Thursday, … [+] 16 July 2020. MediaNews Group via Getty Images The Paycheck Protection Program (PPP), a federally funded lending program created as part of the CARES Act as an incentive for small businesses …
Read More »GOP coronavirus relief package receives a warm welcome from business groups
Business groups from badly affected industries applauded provisions of the coronavirus relief package for approximately $ 1 trillion Republicans in the Senate, released Monday. The GOP plan would expand eligibility for the Paycheck Protection Program (PPP) to nonprofit or quasi-governmental tourism marketing organizations, which the travel industry lobby group has …
Read More »Trump Admin. COVID-19 used to intimidate family planning: Democrats
House Democrats are investigating whether the Trump administration abused a small business loan program to intimidate and lie to Planned Parenthood while rewarding supporters of the White House and the Republican Party. Rep. Carolyn Maloney (DN.Y.) and Rep. Nydia Velázquez (DN.Y.), respective chairs of the Supervision and Reform and Small …
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