Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Loans

Feds forgive about half of Craig businesses’ PPP loans

admin by admin
September 9, 2021
in Loans
0
Feds forgive about half of Craig businesses’ PPP loans

As of July 1 (the most recent data available), 256 Craig businesses received PPP — Paycheck Protection Program — loans to keep their businesses afloat during the last year and a half. In total, the Craig community received $17,874,409 in assistance from the federal government.

A lot of that is getting forgiven.

Related articles

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

These Are the Best Ways to Finance a Car Purchase in 2023

Across the state of Colorado, around 55% of PPP loans are being forgiven. PPP loans are federal funds given to businesses to cover worker salaries for at least two months, and that program timed out earlier this summer on May 31. Loans issued before June 5, 2020, have a maturity of two years while loans issued after that date have a maturity of five years. The state received over $15 billion dollars to cover business costs, and $8.4 billion has been forgiven. 200,000 PPP loans were made to Colorado small businesses, as well.

According to the U.S. Small Business Administration, over 11 million loans were given out nationally, and over half have been forgiven — totalling a whopping $500 billion of forgiveness.

So far in Craig, $8,838,908 of that $17.8 million has been forgiven, and others are in the process to be wiped out, as well. Of the 256 loans given to Craig businesses, 133 have an “exemption 4” status, meaning that the loan is not forgiven but is in the process or charged off as a loss (if the business went under during the pandemic), and 114 were marked as “paid in full” and had a 1% interest rate. The rest are considered “active disbursement,” which means that their loan application is SBA Approved but the lender hasn’t disbursed the loan.

 

Read more…

admin

admin

Related Posts

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

MEXICO CITY, Dec 20 (Reuters) - The United States is offering to help Mexico with loans to finance planned solar power stations in the northern state...

These Are the Best Ways to Finance a Car Purchase in 2023

Car financing is an important part of buying a vehicle and can be the difference between getting your ideal car and settling for something less. A...

As funds run dry, Idaho Housing and Finance will soon pause emergency rental assistance program

The Idaho Housing and Finance Association plans to pause applications for emergency rental assistance funds on Dec. 29 because federal funds are quickly running dry for...

Score Payday loans Relief into the Denver, Texas within the super easy

You can find forms of cash advance save one to Texas citizens can use to save money. Cash advance will appear to be what you want...

The Future of Insurance USA Returns in June 2023

Headwinds of change are ripping through insurance –inflation is causing a profitability crunch, customers are demanding digital perfection, and a scarcity of talent leaves the industry...

Next Post
National insurance hike sets UK on path to record level of taxes

National insurance hike sets UK on path to record level of taxes

If You Have Multiple Credit Card Balances, Here’s Which One You Should Pay Off First

If You Have Multiple Credit Card Balances, Here’s Which One You Should Pay Off First

How to figure out how much risk you can handle when you start investing in the stock market

How to figure out how much risk you can handle when you start investing in the stock market

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

Uncategorized

Profiles Of People Who Spend Six Figures A Year On Rent

Uncategorized

Moving Tips: A Tale of Two Cities

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2022 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2022 Our Finance Guide, All Rights Reserved.