Small business owner concerned by Bank of America’s handling of Paycheck Protection Program

Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Source link

Written by Angle News

Leave a Reply

NYPD officers risk spreading coronavirus as they jail people over social distancing orders

Elyse Knowles enjoys a relaxing stroll and plays catch with her dogs on a quiet beach in Byron Bay