WebOct 11, 2024 · The majority of Black borrowers who received aid from the $800 billion relief program got their loan from a financial technology company, not a bank, according to an economic working paper... WebApr 11, 2024 · In a 2024 study, expected to be published in The Journal of Finance, out of 11.8 million PPP loans, roughly 1.8 million showed at least one sign of fraud--like multiple companies filing via the ...
Racial Bias Skewed Small-Business Relief Lending, Study Says
WebAug 23, 2024 · We’re accepting 3508S, 3508EZ and 3508 loan forgiveness applications for First and Second Draw Paycheck Protection Program (PPP) loans. Check the PPP Dashboard of your online application portal to access your loan forgiveness application. If you didn’t apply for your PPP loan through the online portal, you’ll receive an invitation to ... WebSep 10, 2024 · The first round of the Paycheck Protection Program (“PPP”) authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. In early May 2024, Congress provided an additional $320 billion in … how far is gastonia from rock hill sc
First Draw PPP loan
WebPPP loan under section 7(a)(36) of the Small Business Act (‘‘First Draw PPP Loans’’) and have used or will use the full amount of the initial PPP loan for authorized purposes on or before the expected date of disbursement of the Second Draw PPP Loan. Like First Draw PPP Loans, Second Draw PPP Loans are intended to provide WebJan 9, 2024 · She received a $1,022 PPP loan through PayPal that was later sold to another company. It took her more than two years to get it forgiven. Kayana Szymczak for NPR In spring 2024, her tiny... WebMay 16, 2024 · Bonelli & Associates was able to secure a first-round PPP loan for about $25,000 and helped many clients with the process, as well, he said. But the second round wasn't as simple. how far is gastonia nc from greensboro nc