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...But it really came into its own during the Covid pandemic when it processed more than $5.5bn in government-backed Paycheck Protection Program loans, and other banks using its software handed out more than...
...Although it’s too early to say for sure, some studies indicate that scaling up treatment systems could increase tipping fees (the fees paid to dispose waste in a landfill) by $1.5 per ton, i.e., by ~2.5%...
...The plan, he argued, was akin to the bipartisan Paycheck Protection Program launched early in the Covid-19 pandemic to help shuttered businesses meet payroll....
...To cover her attorney’s fees, she agreed to pay Wigdor 38 per cent of any money she received through litigation, meaning she would need to win about $18mn just to get back to the position she had started...
...Excluding loans from the government-backed Paycheck Protection Program, year-end loan balances were 8 per cent higher at $974bn. “I’d say we’re pretty optimistic on loan growth,” Borthwick said....
...Whereas on the far right you're seeing people who want to provide safety mechanisms for the NCAA to try to give them some form of an antitrust exemption and shield them from litigation that may come out....
...Here is how to make it happen: To start with, the $284.45bn funding extension for the Paycheck Protection Program, enacted in December, is not nearly enough. Expanding it would require legislation....
...“We’re charging something very close to a market rent,” Young told an interviewer in 2015....
...“This includes instances of customers misusing Paycheck Protection Program loans, unemployment benefits and other government programmes....
...“There’s an inherent imbalance in terms of rights, in terms of liabilities for doing it wrong, in terms of the budget for legal fees,” complains one landlord attorney....
...Kabbage, the small business lending start-up backed by SoftBank, said it had processed more than $3.5bn in Paycheck Protection Program loans, six weeks after shutting its lending operation in the middle...
...Her team “focused all our efforts on securing and expediently deploying” funds from the $349bn Paycheck Protection Program, she wrote in an “insider account” for American Banker magazine....
...involving applications to the $610bn Paycheck Protection Program....
...But he said Congress “ultimately chose to address this issue through one programme — PPP — for all businesses”. “We don’t fault Congress for the Paycheck Protection Program,” he said....
...The US central bank also said businesses that had taken on loans through the Paycheck Protection Program, a small business aid scheme administered by the Trump administration this year, could exclude up...
...Ms Styne and Mr Boulud received loans under the Paycheck Protection Program this spring, but both said these had been of limited benefit because they could only be forgiven if all staff were retained even...
...It is a similar story with the US version, the Paycheck Protection Program. Funding Circle argues that government support is not the be all and end all....
...The worries that small businesses were being crowded out of the scheme designed to address the coronavirus pandemic — known as the Paycheck Protection Program (PPP) — came as the White House and Congress...
...He credits the Paycheck Protection Program, the US government’s pandemic-relief loans for small companies, with getting his business through the worst of the pandemic via two tranches of $168,000 loans....
...Protection Program....
...“They have been let down by lawmakers and the bureaucracy with the smallest businesses most disadvantaged in attempting to participate in the Paycheck Protection Program.”...
...The government’s $525bn emergency “Paycheck Protection Program” offered vital succour to many smaller companies earlier this year, and helps explain why corporate bankruptcies have been surprisingly muted...
...Mr Mnuchin said there was “bipartisan support” for extending the Paycheck Protection Program — the federal government’s rescue fund for small business — and for allowing these businesses, whose revenues...
...But fintech lenders were initially excluded from the US Treasury’s Paycheck Protection Program to support small businesses, and that appears to have left black-owned companies receiving less of the PPP money...
...The Senate majority leader has also called for increasing protections for employers facing coronavirus-related litigation, calling the issue a “red line” for Republicans in any future talks....
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