The U.S. Small Business Administration has rolled out an online portal that lets businesses that have borrowed Paycheck Protection Program funds of $150,000 or less directly apply for loan forgiveness.
The U.S. Department of Treasury and the Small Business Administration have announced that lenders with less than $1 billion in assets will be eligible to receive first and second draws in Paycheck Protection Program loan applications starting on Friday, Jan. 15.
Here’s a look at some of the pieces of the massive spending bill Congress approved on Dec. 21 that are important to tire dealers and the automotive aftermarket. Among the highlights are additional COVID-19 relief, plus mentions of tire registration.
A bipartisan group of senators has announced a national $908 billion COVID-19 relief "framework" that earmarks $288 billion for Paycheck Protection Program loans and other supports for small businesses.