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  2. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for payroll and certain other costs. A PPP loan amount is approximately equal to 2.5 times the applicant's average monthly payroll costs. Sometimes, an applicant may receive a second draw typically equal to the first.

  3. Paycheck Protection Program and Health Care Enhancement Act

    en.wikipedia.org/wiki/Paycheck_Protection...

    Of that amount, $60 billion is for PPP loans made by small banks, small credit unions, and community financial institutions. [19] [20] Appropriates an additional $10 billion for emergency Economic Injury Disaster Loans. [21] [20] Expands eligibility for emergency Economic Injury Disaster Loans to farms and agricultural-related businesses. [22] [20]

  4. White House schools reps who took PPP money, but oppose ...

    www.aol.com/news/white-house-schools-reps-took...

    “Congressman Matt Gaetz had $482,321 in PPP loans forgiven,” the White House tweeted. That posting was accompanied by a Wednesday tweet from Gaetz lamenting the amount of money the U.S. has ...

  5. Employee Retention Credit - Wikipedia

    en.wikipedia.org/wiki/Employee_Retention_Credit

    The Employee Retention Credit is equal to 50 percent of qualified wages paid to eligible employees between March 13, 2020, and December 31, 2020. [14] Eligible employee is defined differently depending on the size of the employer. If the employer averaged 100 or fewer full-time employees [h] during 2019, then all of its employees are eligible ...

  6. Trump, Kushner companies were major beneficiaries of PPP loans

    www.aol.com/news/release-ppp-loan-recipients...

    Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self ...

  7. Mauricio Umansky Sued for Allegedly Obtaining $3.5 ... - AOL

    www.aol.com/entertainment/mauricio-umansky-sued...

    The docs stated the amounts The Agency “applied for and received exceeded the loan limit of 2.5 monthly salary with a cap of $100,000 annual salary per employee.”

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