PPP ends this weekend. Experts who will benefit from the new program - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

PPP is over, but some businesses might be able to apply for a second federal loan. Insiders predict what the next round of emergency funding could look like.

So far, the Small Business Administration approved more than 4.9 million loans for a total of more than $521 billion.

The PPP was part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act and was originally set to expire on June 30. However, on July 4, President Trump signed legislation that extended the deadline by five weeks. The Small Business Administration approved more than 4.9 million loans for a total of more than $521 billion, according to SBA numbers from July. At the time, the SBA said it had about $132 billion remaining in the fund.

Jim Tobin, executive vice president of government affairs and chief lobbyist at the trade association National Association of Home Builders, believes the PPP will lapse because lawmakers are focused on other timely issues, like unemployment benefits. "They're going to try to target those groups to make sure there aren't any specific sectors of the small business community that are left behind," Tobin said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Can't wait for this to get absued again. Maybe they'll improve the vetting process

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Inside Sunrun strategy to provide clean power from customer batteries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

PPP ends this weekend. Experts who will benefit from the new program - Business InsiderBusinesses might be able to apply for a second federal loan for coronavirus relief. Policy experts predict that the next round of emergency loans might target specific industries and owners
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Business Insider Subscription - Sign up TodayAs a BI subscriber, we’ll take you inside the companies you care about, industry analysis on new trends, and important interviews and info you can’t afford to miss. Subscribe now for up to 50% off your annual subscription
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Business Insider's best investing stories of the week ended August 11 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

TikTok launched a TV app for Amazon Fire TV - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »