governing the Paycheck Protection Program to allow small businesses to qualify for partial loan forgiveness even if 60% of the government-financed loan wasn't directed toward loan forgiveness.
The SBA issued the new rule in the early hours of Thursday morning. It's set to make partial loan forgiveness available to vastly more small businesses that don't spend the majority of their cash on workers' paychecks.
PPP was implemented back in March under the CARES Act as Congress rushed to stave off an economic disaster and massive layoffs of workers. The $660 billion federal program was designed to allow small businesses to qualify for loans that could be fully forgiven if a substantial chunk of the loan went toward employing workers.
But many businesses criticized the restrictions as onerous and faulted rule changes that triggered confusion. Other critics blasted the program when large publicly traded companies were found to be drawing funds from it.
America soul poisoned with prejudice for people they brought here as slaves cheap labor. Perception of many whites cant see black people in any other way
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Inside Net City, Tencent's 320-acre futuristic neighborhood in China - 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. Please don’t do this US should game up their infra they gotta stop aiding other countries and start aiding themselves. IMO
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Inside story of Brex layoffs after $150 million raise - 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.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Mnuchin loosens restrictions on small-business loans to ease forgiveness, but borrowers to remain secretThe treasury secretary told Congress he wants to ease a path to forgiveness for borrowers but won’t release their names.
Источник: washingtonpost - 🏆 95. / 72 Прочитайте больше »
Treasury Secretary Mnuchin announced 3 big changes to PPP small business loan program - 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. Satan couldn't have picked better could he?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Costco workers share insights as pandemic restrictions lift - 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.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »