SBA PPP forgiveness rule comes under fire - Silicon Valley Business Journal

Amy Yassigner started Deer Park, Illinois-based Yazz Jazz Music and Productions more than 10 years ago — but is now fighting for its survival.

The problem, known by a coalition of business groups, fair lending groups and lawmakers as the “good faith error” has According to lawmakers and supporters of rescinding the rule, the average good faith error with the program is more than $12,000 — a significant amount for many small businesses. Ken Kimber, director of small business recovery and resiliency at the American Business Immigration Coalition, said that while they firmly believed the PPP helped save many small businesses, the good faith error rule has resulted in broken promises to the most vulnerable.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SBA PPP forgiveness rule comes under fire - Dallas Business JournalSome small-business owners are being forced to pay back thousands in PPP loans they thought would be forgiven. Here's what business owners need to know.
Source: DallasBizNews - 🏆 525. / 51 Read more »

SBA PPP forgiveness rule comes under fire - Dallas Business JournalSome small-business owners are being forced to pay back thousands in PPP loans they thought would be forgiven. Here's what business owners need to know.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Eataly Silicon Valley is the 2022 Structures honoree for Retail Project - Silicon Valley Business JournalThis unique food market/wine store/cooking school with two on-site restaurants and a cafe made a big debut as part of Westfield Valley Fair’s expansion.
Source: svbizjournal - 🏆 334. / 59 Read more »