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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 ...
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. [3]
The Wayne County Regional Educational Service Agency or Wayne RESA is a regional educational service agency for schools in Wayne County, Michigan within Metro Detroit. Its headquarters is in the Wayne RESA Education Center in Wayne. [2][3] It provides services such as group purchasing, computer service, and staff development.
The Wayne County commissioners voted 2-1 for a contract with a company that will help employees navigate the Public Service Loan Forgiveness Program.
The Paycheck Protection Program allocated about $800 billion in loans through banks that were entirely guaranteed by the Small Business Administration and, in almost all instances, forgiven as ...
The analysis by NBC News, one of 11 newsrooms that sued for the release of data, also shows: Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and ...
The Employee Retention Credit is equal to 50 percent of qualified wages paid to eligible employees between March 13, 2020, and December 31, 2020. [14] Eligible employee is defined differently depending on the size of the employer. If the employer averaged 100 or fewer full-time employees [h] during 2019, then all of its employees are eligible ...
The deal includes a $350 billion “Paycheck Protection Program” for small businesses as well as a $454 billion fund for a new lending agency. Sen. Marco Rubio (R-FL) talks to reporters after ...