On April 16, a mere 13 days after PPP applications started, the SBA officially announced that funds had run out.Government officials had already been discussing a second round of PPP funding a week prior. Before the official announcement, small businesses and economic watchdogs were crying foul over the fact that several big-name businesses were obtaining millions of dollars in relief loans

Business Lending Update: SBA PPP Second Draw application submissions have been extended from March 31 to May 31, and the SBA has another 30 days to

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During the Pandemic Without Outdoor Dining or Delivery. Chef and restaurateur James Mark is relying on takeout and PPP loans to keep his restaurants afloat. Consumer Trends · Emerging Concepts · Fast Casual · Finance · Franchising · Marketing & Promotions · Reports » · Drive-Thru Study · QSR 50 · Growth 40 Greek State and EU subsidy: EUR 376.5M; EIB Loans: EUR 370M. During the construction phase, Here's a quick, easy way to view your balance or make a payment.

The following data was provided by the SBA & US Treasury Department showing a breakdown of all the companies who received loans over $150,000. There is further data we’re working on for the loans under $150k however so check back in the future for that. The PPP / Cares Act that was put in place to help business affected by Covid-19.

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2 If the Public Companies Receiving SBA PPP Loans Under the CARES Act. CARES ACT / PPP LOANS: 440: TOTAL LOAN VALUE: $1,390,298,467 (Gross) $953,820,837 (Net Refunds) 8-Ks 2020-10-13 · Based on the 10% that did select an ethnicity, the vast majority of PPP loans went to white-owned businesses — a whopping 8.31%. The closest runner-up was business owners who identified as Asian, receiving 1.17% of PPP loans. Hispanic-owned businesses ranked next, which received 0.81% of PPP loans. Those larger businesses had exploited a loophole that allowed restaurants to get approved for PPP loans as long as they had fewer than 500 employees at any given location.

2020-05-08

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First Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Employee and compensation levels are maintained. The loan proceeds are spent on payroll costs and other eligible expenses; and.
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2021-03-31 The PPP is part of the CARES Act, which passed in response to the coronavirus pandemic.The PPP has made $659 billion available for low-interest small business loans.
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2020-06-04

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Refinance of EIDL Loans with PPP Loan Proceeds and Lender Remittance of EIDL Refinance Proceeds to SBA. The PPP is part of the CARES Act, which passed in response to the coronavirus pandemic.The PPP has made $659 billion available for low-interest small business loans. PPP loans may be forgivable 2020-06-04 · PPP and the considerations around an outstanding loan issued under the PPP in the context of an M&A transaction, similar considerations may arise with respect to other governmental relief loan programs. Search by any combination of criteria. You can select multiple options. Up-to-date information about thousands of businesses that received Federal Stimulus funding: segmented by size, industry and location.

You hired back all three of your employees, but at a reduced salary of $2,000 a month. Over the 24 weeks of the PPP coverage period, you spend $36,000 on your employees (more than your PPP loan amount). Get your PPP loan or second draw PPP loan through Womply! Womply has helped over 200,000 businesses get their PPP funding.