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Mar 18, 2024 · The FTC says that's what happened when small businesses applied for emergency Paycheck Protection Program loans from Biz2Credit Inc. The FTC says that when Biz2Credit Inc. marketed and offered emergency PPP loans, the company accepted more applications than it could process within the promised timeframe of 10-14 business days.
Mar 18, 2024 · Delays in processing loans needed by small businesses in an emergency — like the pandemic — can leave them struggling to stay open. And deceiving consumers about these delays violates the law. The FTC says that's what happened when small businesses applied for emergency Paycheck Protection Program loans from Biz2Credit Inc.
Mar 20, 2024 · The Federal Trade Commission (FTC) has reached settlements with two companies accused of making fake promises to small businesses seeking to participate in the Paycheck Protection Program (PPP ...
Mar 5, 2024 · The Paycheck Protection Program loan provides up to eight weeks of financial assistance to small businesses that maintain their payroll during the COVID-19 pandemic. The loan is forgivable under certain circumstances. TABLE OF CONTENTS. Click to expand.
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Mar 14, 2024 · Senators Cardin, Collins and Shaheen, along with Senator Marco Rubio (R-Fla.), authored the Paycheck Protection Program, which became law as part of the CARES Act last year. In 2020, more than five million small employers received forgivable PPP loans.
1 day ago · In 2020 and 2021, Richard Kelly, 61, was assisted by another person to apply for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) loans, which were created to help ...
Mar 15, 2024 · The Paycheck Protection Program, originally established by the CARES Act at the outset of the COVID-19 pandemic in March 2020 and subsequently renewed through the Consolidated Appropriations Act...