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  1. May 13, 2024 · Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection Program. Monday, May 13, 2024. For Immediate Release. Office of Public Affairs. The Justice Department announced today that now-bankrupt financial technology company Kabbage Inc., doing business as KServicing, has agreed to resolve allegations that it ...

  2. May 6, 2024 · The new law reduces that requirement to 60 percent. This change affords business owners the opportunity to allocate the funds toward other eligible expenses such as utilities or rent without fearing the loss of loan forgiveness.

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  4. May 22, 2024 · The interest and principal could be forgiven as long as the proceeds were spent within a certain time period (originally eight weeks after loan disbursement, but revised to 24 weeks after loan...

  5. May 16, 2024 · The EIDL also has the following credit score requirements: $500,000 and under570; Greater than $500,000625 2; Paycheck Protection Program. The Paycheck Protection Program (PPP) is a loan program established by the CARES Act. The program closed on May 31, 2021.

    • paycheck protection program forgiveness requirements1
    • paycheck protection program forgiveness requirements2
    • paycheck protection program forgiveness requirements3
    • paycheck protection program forgiveness requirements4
    • paycheck protection program forgiveness requirements5
  6. May 24, 2024 · If individuals have a PPP loan under $100,000, they may be able to apply for loan forgiveness now at the SBA PPP Direct Forgiveness Portal. For more information, visit www.sba.gov/PPPForgiveness . A step-by-step guide to using the portal can be found here .

  7. May 18, 2024 · Document Checklist. For more information on the rules around forgiveness, please review the Interim Final Rule, the Interim Final Rule- Additional Eligibility Criteria and Requirements for Certain Pledges of Loans, which covers Self Employed borrowers and the FAQs and other documents found on the Treasury’s website.

  8. May 24, 2024 · provide eligible small businesses with as much as 250 percent of monthly payroll costs worth up to $2 million; prevent affiliated businesses with separate locations from receiving more than $2 million in aggregate P4 loans; and. allow P4 recipients maximum flexibility to apply for loan forgiveness as soon as 8 weeks after the loan disbursement. ###

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