, generating some criticism from people who contended that keeping workers on unemployment insurance while also taking a loan through the Paycheck Protection Program was problematic.
Loans made through the program can be forgiven if they are used to cover payroll, and certain other expenses such as rent and utilities, in the eight-week period after the loan is made. If the criteria to be forgiven are not met, the money becomes a two-year loan at 1% interest.
There is nothing honorable by not using it just as it is not dishonorable by using it.
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Small business loans top $296 billion and could reach the program's limit by the end of WednesdaySmall business loans top $296 billion and could reach the program’s limit by the end of Wednesday Meanwhile Pelosi nowhere to be found JerrValtNews Thank Pelosi and Schumer for playing politics Who's getting the money? Not my small business that's totally shut down!
La source: CNBC - 🏆 12. / 72 Lire la suite »
Restaurant owner says small business loan not enough to immediately bring workers off furlough'We have to wait until we have a very clear pathway to success,' Junior's Cheesecake owner Alan Rosen said. Mask off. UBI and Medicare For All now. i am afraid that many small business will be gone for forever when the crisis is over
La source: CNBC - 🏆 12. / 72 Lire la suite »
Trump economic adviser's wife applies for small business loan amid rollout chaosKudlow, whose personal assets are reportedly valued at a maximum net worth of $2 million, touted how simple it was for his wife to take out a loan for her business under the Small Business Administration loan program. This entire administration is clueless. So what’s the big deal? He is an American citizen and he pays his taxes? Come on people this shouldn’t be news. People in the Government with bigger net worth’s are doing this. These goons of Trump's aren't even hiding how corrupt they are.
La source: ABC - 🏆 471. / 51 Lire la suite »
Democrats call on Trump admin to offer guidance on small business aid programA group of two-dozen House Democrats have sent a letter asking for guidance for financial institutions on which small businesses can receive loans from the latest coronavirus relief package. What’s your definition of guidance? I’m thinking the Democratic Party definition is do as I say or else. what about the workers of those businesses?
La source: NBCNews - 🏆 10. / 86 Lire la suite »