U.S. government simplifies forgiveness process for smallest pandemic aid loans

U.S. government simplifies forgiveness process for smallest pandemic aid loansThe U.S. government will greatly simplify the process by which borrowers of a $525-billion-pandemic-relief fund do not have to repay some of the smallest loans, the Department of Treasury said. In a statement issued late on Thursday, the Department of Treasury said businesses that borrowed $50,000 or less from the Paycheck Protection Program (PPP) can sign a one-page document attesting that the money was spent as required by the program and the loans will be forgiven, meaning taxpayers’ dollars will be used to pay for them. Introduced in April to help companies weather the economic shutdown brought on by COVID-19, the PPP was responsible for 5.21 million loans ranging from less than $50,000 each to more than $5 million.




from Yahoo News - Latest News & Headlines https://ift.tt/2SDNRlZ
via Latest News

Comments

Post a Comment

Popular posts from this blog

Facebook's latest bug exposed the private photos of 6.8 million users - The INQUIRER

Facebook's latest bug exposed the private photos of 6.8 million users    The INQUIRER After a year from hell, Facebook parties like it's 2017    The Guardian Facebook bug may have exposed users’ photos    ConsumerAffairs Bug may have exposed photos from 7 million Facebook users | WSB-TV    WSB Atlanta Use This Tool To See If Your Photos Were Exposed In Facebook's Latest Privacy Blunder    Hot Hardware View full coverage on Google News from Technology - Latest - Google News https://ift.tt/2Bs7iVW via Technology
Read more

Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game - Kotaku

Overwatch 2 Anime Charm Is Cheaper In Real Life Than In The Game    Kotaku Blizzard Sells an Overwatch 2 Charm Cheaper in Real Life Than In-Game    IGN Real life Overwatch 2 charm costs less than it does in game    PCGamesN Overwatch 2 Fans Upset at Blizzard's Reasoning for Not Nerfing Sojourn    GameRant Overwatch 2: Keychain Costs More In-Game Than Real Life    DualShockers View Full Coverage on Google News from Technology - Latest - Google News https://ift.tt/P970ArQ via Technology
Read more