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New Paycheck Protection Program Offers Real Relief for Small Business


r2d2

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“We cannot solve the economic crisis until we solve the public health crisis caused by the coronavirus, but we can take steps to ease the financial pain for our nation’s employers and their employees. And that is what Congress did last week,” Sen. Marco Rubio (R-FL) writes for Fox Business.

The $350 billion Paycheck Protection Program “will immediately get cash in the hands of small and midsize businesses to keep Americans tied to their jobs.” As long as employers use the loan “for payroll costs like salaries and cash tips, as well as debt obligations like mortgage, rent, utilities, and insurance premiums, it would be forgiven in full.”

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23 minutes ago, tacobell fan said:

I am thankful to an extent but it’s too early. 

no one thought COVID 19 would hit US this level. 
same applies to this , if you can not act now it may be too late

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14 minutes ago, nightcrawler said:

no one thought COVID 19 would hit US this level. 
same applies to this , if you can not act now it may be too late

Too late meaning? 

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1 hour ago, r2d2 said:

“We cannot solve the economic crisis until we solve the public health crisis caused by the coronavirus, but we can take steps to ease the financial pain for our nation’s employers and their employees. And that is what Congress did last week,” Sen. Marco Rubio (R-FL) writes for Fox Business.

The $350 billion Paycheck Protection Program “will immediately get cash in the hands of small and midsize businesses to keep Americans tied to their jobs.” As long as employers use the loan “for payroll costs like salaries and cash tips, as well as debt obligations like mortgage, rent, utilities, and insurance premiums, it would be forgiven in full.”

75% of Funds shld used for pay roll for waiver..! That’s a huge rod 

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1 minute ago, tacobell fan said:

Banks not ready. I’m ready the day they announced. 

what small business you have ? desi consultancies not covered anta ippude beefing lo telling

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