Ppp Stimulus News Today

It wasnt the smartest plan. Heres What You Need To Remember: If there is a moral to this story, it seems to be that, while egregious abuse of federal small business loans – often referred to as Paycheck Protection Program, or PPP – has been a sadly common occurrence, it is not consequence-free. Instead, it has often resulted in capture and prosecution. Last week, David Staveley, 53, of Andover, Massachusetts, pleaded guilty to charges of conspiracy and failure to appear in court – as p...

Monday is the first day that businesses affected by the coronavirus pandemic can apply for the new round of stimulus loans known as the Paycheck Protection Program.In the first stimulus package in the spring of 2020, the Paycheck Protection Program gave out hundreds of billions of dollars in loans to help keep businesses open.Congress included funding for the second version of the program when it passed the latest stimulus package last month. Changes were also made after there was criticis...