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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 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 ...
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self ...
And the company also obtained two PPP loans in 2020 and 2021 under its corporate name Oto Analytics, Inc. which totaled $5.1 million. ... The company became a favorite conduit for PPP loans for a ...
Neoliberalism. 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]
Kabbage was an online financial technology company based in Atlanta, Georgia. [1] The company provided unsecured loans and funding directly to small businesses and consumers through an automated lending platform. [2] In 2020, the company was acquired by American Express and its mobile app was rebranded to American Express Business Blueprint.
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]
After months of litigation, the SBA released the dataset Tuesday night on every small business that received a Paycheck Protection Program (PPP) or Economic Injury Disaster (EIDL) loan.