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Henan Tongwei Medical Equipment Co., LtdCall us : +86 − −19139704654 // Email us : [email protected]
Henan Tongwei Medical Equipment Co., LtdCall us : +86 − −19139704654 // Email us : [email protected]
The Paycheck Protection Program (PPP) under the CARES Act was supposed to help small businesses during the uncertain era we are living in today It has indeed helped numerous borrowers many of which needed the money to stay afloat But many of those
The Bank has arranged PPP funding for companies as large as 193 employees and has made loans up to $6 million per business "Whether or not a third round of SBA loans becomes available The Leaders Bank stands ready to help small businesses gain funding to see them through COVID-19 " Hall says
However for all the reasons laid out above many organizations have eschewed the PPP in favor of alternative forms of funding If financial aid through the PPP hasn't worked out for your business or if you'd simply like to be aware of all of your funding options here's what you need to know
Both Democrats and Republicans are backing another round of PPP funding which makes a new round of funding promising Read more in our breakdown of the two bills being debated The Paycheck Protection Programs depleted its initial $359 billion in funding but has already been replenished with an additional $310 billion under the "Paycheck Protection Program and Health Care Enhancement Act "
If you have not yet been approved for a PPP Loan you need to continue to prepare for what many expect to be a second round of funding from the federal government To help address the pressing questions surrounding these two issues we invited Jeff Watson a licensed attorney with more than three decades of experience related to business legislation and regulatory issues to share his
2020/4/17Funding for the Paycheck Protection Program (PPP) came via the CARES Act which authorized $349 billion specifically for the newly created program By April 16 every dollar available to small businesses had been claimed via the application process and the SBA announced that it cannot accept new applications nor enroll additional lenders in its program until more funding is appropriated
However for all the reasons laid out above many organizations have eschewed the PPP in favor of alternative forms of funding If financial aid through the PPP hasn't worked out for your business or if you'd simply like to be aware of all of your funding options here's what you need to know
2020/4/22For those businesses who have not yet received their PPP loan but were already approved by the SBA during the first round of applications the funds will be coming For those who have not yet applied now is the time to get your paperwork ready and to get your application in Small business owners should be proactive now during this interim period as applications will be processed on a first
For those businesses who have not yet received their PPP loan but were already approved by the SBA during the first round of applications the funds will be coming For those who have not yet applied now is the time to get your paperwork ready and to get your application in Small business owners should be proactive now during this interim period as applications will be processed on a first
2020/7/7MARYLAND BIZ GET MORE THAN $10B IN PPP LOANS: Maryland businesses have received more than $10 billion in loans from the federal Paycheck Protection Program according to data the U S Small Business Administration and Treasury Department released Monday
New Paycheck Protection Program (PPP) guidance released Monday night declares that PPP recipients can apply for loan forgiveness early but that doing so could cost them money In a 34-page interim final rule (IFR) issued in consultation with Treasury the U S Small Business Administration (SBA) addresses a number of issues related to the PPP which was created by the Coronavirus Aid Relief
2020/8/12BOONE — Nearly 100 businesses in Watauga County have received Paycheck Protection Program loans of $150 000 or more according to records released last month On July 6 the Trump Administration disclosed a database via the Small Business Administration detailing businesses across the country that
In order to best take advantage of the PPP loan businesses can delay disbursement to try to wait for a more optimal time Since many businesses such as restaurants and retail stores must stay closed until mid-May business owners might want to delay when they receive their first loan disbursement so that they can more fully utilize the eight-week period stipulated by the SBA
Instead the aim is to give startups the financial assistance necessary to retain their employees during the COVID-19 pandemic Since startups employ over two million Americans enabling such businesses to access PPP funding would allow many to keep their jobs during this difficult time
Hundreds of small businesses have shared how this lapse in PPP funding has left them in desperate circumstances on the republicanwhip gov "SHARE YOUR STORY" web portal These businesses are begging Democrats to stop their political games and fund the PPP now
2020/4/18Funding for the $349 billion Paycheck Protection Program (PPP) may be depleted but many financial institutions are continuing to take new applications and process those in their pipelines in anticipation of a new appropriation The question seems to be not
Hundreds of small businesses have shared how this lapse in PPP funding has left them in desperate circumstances on the republicanwhip gov "SHARE YOUR STORY" web portal These businesses are begging Democrats to stop their political games and fund the PPP now
Instead the aim is to give startups the financial assistance necessary to retain their employees during the COVID-19 pandemic Since startups employ over two million Americans enabling such businesses to access PPP funding would allow many to keep their jobs during this difficult time
During this initial round of the SBA-PPP lenders were challenged to comply with rules pertaining to application submissions and funding date requirements The initial CARES Act stipulation was to fund within 5-days of loan approval was unrealistic and the rule was changed to 10-days
In order to best take advantage of the PPP loan businesses can delay disbursement to try to wait for a more optimal time Since many businesses such as restaurants and retail stores must stay closed until mid-May business owners might want to delay when they receive their first loan disbursement so that they can more fully utilize the eight-week period stipulated by the SBA
2020/4/10You have 8 weeks to spend the money from the loan funding date for payroll and approved expenses (e g rent mortgage utilities) If you don't use the full money during that time for the approved forgivable expenses the balance converts into a low interest loan
PPP loans issued after 6/5/2020 will have a 5-year term Any reduction in an employee's salary or hourly wages of more than 25% will be subtracted from your eligible loan forgiveness amount If you laid off an employee then offered to rehire the same employee for the same salary or wage and number of hours but they declined the offer your loan may still be forgiven for the full amount
However for all the reasons laid out above many organizations have eschewed the PPP in favor of alternative forms of funding If financial aid through the PPP hasn't worked out for your business or if you'd simply like to be aware of all of your funding options here's what you need to know
The Paycheck Protection Program (PPP) under the CARES Act was supposed to help small businesses during the uncertain era we are living in today It has indeed helped numerous borrowers many of which needed the money to stay afloat But many of those
Hundreds of small businesses have shared how this lapse in PPP funding has left them in desperate circumstances on the republicanwhip gov "SHARE YOUR STORY" web portal These businesses are begging Democrats to stop their political games and fund the PPP now
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