Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Trump administration on Monday released a list of the companies that received the largest sums of money distributed through the Paycheck Protection Program, a stimulus for businesses set up to combat economic fallout from the COVID-19 pandemic.
The PPP loans are meant to enable businesses to continue paying staff even as their revenue takes a hit amid the COVID-19 pandemic.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Health-care industry was top recipient of PPP loans, data showThe health-care industry was the top recipient of loans under the Paycheck Protection Program through the end of June, the Trump administration said Monday, as it released the names of more than 650,000 businesses that got funds under the small-business lending program.
Source: MarketWatch - 🏆 3. / 97 Read more »
Trump administration releases list of companies that received most money from small business bailout loansThe Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns. Mitch McStealing wife Transportation Secretary Elaine Chao's family's business, Foremost Maritime Company, got a loan valued between $350,000 and $1 million. That federal money Buy OTM short dated calls on their own company to drive it higher then take out loans on their holdings to avoid any tax. Duh Buy back stocks
Source: CNBC - 🏆 12. / 72 Read more »
I took out an Economic Injury Disaster Loan and will use it for taxes - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US discloses names of many paycheck protection loan borrowers - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
PPP loans roughly in line with industry payrolls, but some stand outPaycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday by the U.S. Treasury Department and the Small Business Administration.
Source: Reuters - 🏆 2. / 97 Read more »