In the D.C. area, even restaurants that received PPP money say the way the forgivable loan programhas created new problems. The PPP loans become forgivable — essentially free grant money — as long as recipients:
Restore or maintain the headcount of full-time employees by June 30 to what it was before the period between February 15 and April 26
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Big banks accused of favoring more lucrative small business loans in coronavirus programFour of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees No... Anyone at all surprised that WellsFargo is in the mix yet again for doing the wrong thing? Is anyone surprised?
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JPMorgan’s small-business coronavirus loans went to its biggest customersLarger customers of JPMorgan's commercial banking business applied for funding through the Paycheck Protection Program, and nearly all received loans. There is no end to the greed. It's astonishing. And very, very sad. Get That boost you need, Stay on top!! The smaller banks were much more efficient getting this money to smal businesses...I wonder if government works the same way?
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How small businesses can get the maximum forgiveness on PPP loans - Business InsiderUsing the loans for anything other than payroll costs, rent, or utility bills will ultimately reduce the payment amounts that are forgiven. Haha-- by joining bi prime? Nah.
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Opinion | Why did big corporations get PPP loans instead of small businesses like mine?Opinion | Michael Vendome: 'I understand that during this crisis everyone needs help, but if the government is going to call something a 'small-business loan,' then it needs to make sure it actually goes to small businesses.' - NBCNewsTHINK THINK Sharing it with trump THINK I agree! Why did Corporations receive small business loans? realDonaldTrump and senatemajldr can one of you answer that question, please? THINK Are the feds doing ANYTHING right during this crisis?
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U.S. firms may face probes over payroll loans, Treasury, DOJ officials warnU.S. Treasury Secretary Steven Mnuchin warned on Wednesday that companies that received coronavirus rescue money intended for small businesses could be investigated if it appears they did not really need the money. Chip to brain for everyone call now 1-800-chip to brain i love you Still waiting and waiting and waiting..... m_hostage No they won’t.
Source: Reuters - 🏆 2. / 97 Read more »