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.
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:
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 - Silicon Valley 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: svbizjournal - 🏆 334. / 59 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 »
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 - Silicon Valley 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: svbizjournal - 🏆 334. / 59 Read more »
ERC tips for small businesses: Beware of bad operators and red flags - Jacksonville Business JournalThe Employee Retention Credit is one of the few lucrative Covid-19 relief options remaining for businesses. But experts say companies need to watch a variety of red flags. Here's what to look out for.
Source: JaxBizJournal - 🏆 599. / 51 Read more »