🌐 Entity
Paycheck Protection Program
U.S. federal government business loan program
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Political Corruption (1)
- COVID-19 Fraud (1)
🏷️ Keywords
Missouri (1) · John Diehl (1) · PPP fraud (1) · wire fraud (1) · prison sentence (1) · restitution (1) · small business aid (1)
📖 Key Information
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.
The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for payroll and certain other costs. A PPP loan allows a business applicant to receive funds up to 2.5 times the applicant's average monthly payroll costs.
📰 Related News (1)
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🇺🇸 Former Missouri House speaker sentenced to prison for COVID relief fraudA former Missouri House speaker was sentenced Monday to 21 months in prison after pleading guilty to wire fraud for misusing federal COVID-19 relief f...
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People and organizations frequently mentioned alongside Paycheck Protection Program:
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Missouri · 1 shared articles -
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John Diehl · 1 shared articles