The bill includes $310 billion in new funds for the Paycheck Protection Program , which was put in place to provide aid for small businesses.
According to a statement released by Jovita Carranza, administrator of the Small Business Administration , and Treasury Secretary Steven Mnuchin, the SBA will begin accepting PPP loan applications again on Monday, April 27. "We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously," the statement read. "All eligible borrowers who need these funds should work with an approved lender to apply. Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former SBA employees: Why it's hard for small businesses to get loans - Business Insider'Companies that need the money can't get it:' Former Small Business Administration officials say that the disaster loan application process has always been stacked against small businesses
Source: BusinessInsider - 🏆 729. / 51 Read more »
SBA warns big companies on seeking small business loans after backlashThe guidance doesn't change the formal rules of the program and wouldn't necessarily stop large companies from continuing to seek the aid. Shouldn't there be built-in protections for actual small businesses in the application process? After they already had their share of the huge stimulus scam phew...we need those coronavirus emails released ASAP . I don't like big companies applying for this also but it is not their fault. If you are too stupid to write legislation that goes to the people who need it you get what you deserve. To blame this is disingenuous to say the least but you are to blame not them.
Source: politico - 🏆 381. / 59 Read more »
Former SBA employees: Why it's hard for small businesses to get loans - Business Insider'Companies that need the money can't get it:' Former Small Business Administration officials say that the disaster loan application process has always been stacked against small businesses
Source: BusinessInsider - 🏆 729. / 51 Read more »
After Shake Shack controversy, Treasury says public companies should repay loansThe new guidance came as Congress approved another round of funding for small business loans. Was the confusion they thought that if they were SBA qualified because they are just multi-million dollar companies instead of multi-billion dollar companies? Do you think liberals can muster up the courage to go out and support government designated 'non-essential' businesses? Right now it's okay for liberals to shop at virus-free dispensaries, liquor stores, grocery stores, walmart/costco, gas stations, home improvement stores etc. They are getting caught Dorian the swamp my ass
Source: ABC - 🏆 471. / 51 Read more »