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President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
In total, the 14 accused hate groups that received relief funds analyzed by NBC News were awarded a total of $4.3 million in PPP loans. Overall more than 5.2 million PPP loans worth more than $525 ...
Exactly one week after the signing of the Coronavirus Aid, Relief and Economic Security (CARES) Act Act, the Payroll Protection Plan (PPP), a lifeline for small businesses, began providing ...
The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP ...
Nick Leeson, English trader whose unsupervised speculative trading caused the collapse of Barings Bank [ 43] James Paul Lewis, Jr., ran one of the biggest ($311 million) and longest running Ponzi schemes (20 years) in U.S. history [ 44] Victor Lustig, con artist known as "the man who sold the Eiffel Tower ".
The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders.
As a result, Dunkley’s business received a Paycheck Protection Program loan for $18,540 and another under the Economic Injury Disaster Loan program for $17,500 during the pandemic.
A public–private partnership ( PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [ 1][ 2] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [ 3]