Delinquent PPP loans are on the rise. Here's what it means for businesses. - Dallas Business Journal

France Nouvelles Nouvelles

Delinquent PPP loans are on the rise. Here's what it means for businesses. - Dallas Business Journal
France Dernières Nouvelles,France Actualités

The pace of PPP forgiveness has slowed in recent months. The number of delinquent loans it has purchased has more than doubled.

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

What happens to delinquent PPP loans?

After 60 days of nonpayment, PPP lenders can submit those loans to the SBA for purchase, and the lenders will be made whole. back in May that, while she did not know exactly how many PPP loans the agency will end up having to purchase from lenders if businesses don’t make payments, the agency was ready to handle them.

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.

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:

DallasBizNews /  🏆 525. in FR
 

France Dernières Nouvelles, France 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.

Southwest hopes to lure businesses with new referral program - Dallas Business JournalSouthwest hopes to lure businesses with new referral program - Dallas Business JournalSouthwest is offering 25,000 Rapid Rewards points each for up to five business referrals as it looks to take advantage of a recovery in demand.
Lire la suite »

Here's when H-E-B is opening its new store in Plano - Dallas Business JournalHere's when H-E-B is opening its new store in Plano - Dallas Business JournalThe popular San Antonio-based grocer is opening another Collin County location soon.
Lire la suite »

FireBird Energy to be acquired by Diamondback Energy for $1.6B - Dallas Business JournalFireBird Energy to be acquired by Diamondback Energy for $1.6B - Dallas Business JournalThe acquisition will give Diamondback about 75,000 additional acres in the Midland Basin, which is part of the Permian Basin in West Texas.
Lire la suite »

Dirk Nowitzki is opening a new restaurant in DFW Airport - Dallas Business JournalDirk Nowitzki is opening a new restaurant in DFW Airport - Dallas Business JournalThe restaurant is set to open summer 2023 and will feature foods inspired by Nowitzki's home country of Germany including German potato salad, chicken schnitzel and bratwurst with sauerkraut.
Lire la suite »

Briggs Freeman lists six new luxury homes for sale in DFW - Dallas Business JournalBriggs Freeman lists six new luxury homes for sale in DFW - Dallas Business JournalThe homes range in price from $4.8M to $11.9M. Multiple homes are featured in gated communities.
Lire la suite »

New projects in North Texas for October 14, 2022 - Dallas Business JournalNew projects in North Texas for October 14, 2022 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Lire la suite »



Render Time: 2025-01-16 04:24:23