On May 26, SBA Administrator Isabella Casillas Guzman began a series of hearings on the Hill that will continue through May 28. On May 26, she testified before the House Committee on.
US Winds Down Small Business Aid Program That Gave $800 Bn
06/01/21 AT 1:18 PM
The US government on Tuesday closed the books on the Paycheck Protection Program (PPP) that extended a nearly $800-billion lifeline to small businesses to keep them afloat amid the Covid-19 pandemic.
Created by the CARES Act rescue package in March 2020, the PPP emergency aid measure offered low-cost loans to small businesses which did not have to be repaid if certain conditions were met.
In a statement announcing its May 31 closure, Small Business Administration chief Isabella Casillas Guzman said the program provided $798 billion to 8.5 million small firms and nonprofits across the country.
LI firms say they still need PPP loans as the program runs dry newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
PRESS ADVISORY FOR IMMEDIATE RELEASE MAY 30, 20217th Annual Wharton DC Innovation Summit June 10-12, 14-16, 2021:“Innovation Leadership in a Post-Pandemic World”Opens with Top Keynote PanelFor More Information, please call Alan Schlaifer,Summit Chair, at (301) 365-8999, anschlaifer@whartondc.comwww.WhartonDCInnovation.com