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Bitcoin has dominated the news in 2017 with its remarkable gains, and despite widespread skepticism within the financial establishment, the cryptocurrency has continued to progress towards its integration into more traditional transactions. After seeing more and more retailers accepting bitcoin, supporters of virtual currency are now turning to a key traditional banking function: lending using …

Three RIAs, each with around $ 1 billion in assets under management, accepted a loan from the government-backed Paycheck Protection Program (PPP), according to recent Securities and Exchange Commission (SEC) filings. Planning Alternatives, a $ 1.17 billion RIA based in Bloomfield Hills, Mich., Took out a loan of $ 403,100. Meanwhile, the Covington, Kentucky-based MCF …

The outcry over large companies receiving hundreds of millions of payroll protection program loans originally intended for small businesses has been sparked by reports based on public statements these companies are required to make because they sell shares on public stock exchanges. But more than 99% of the businesses that get the loans are private …

The vast majority of North Dakota recipients have received small loans under $ 150,000, but more than 2,000 companies have accepted larger sums, as the US Small Business Administration report released this week reveals. Of the North Dakota companies that qualified for the highest tranche of loans, 294 companies accepted loans over $ 1 million, …

By Kelsey Sheehy The approaching tax season raises new questions for business owners who have received a loan through the Paycheque Protection Program. Can you deduct expenses paid with your loan funds? Do you need to do something different this year? And if your loan is canceled, is it considered taxable income? The answers to …

As the coronavirus pandemic began to ravage the economy last spring, Congress passed the Paycheck Protection Program (PPP), one of the flagship parts of COVID-19 stimulus efforts aimed at delivering cash quickly to businesses. Until this month, the federal government has shared only limited information on companies receiving these loans. But thanks to a coalition …

Since the passage of the CARES Act and the completion of the first round of PP loans by the SBA, companies have faced an ever-changing set of guidelines interpreting the conditions of eligibility for a PPP loan and possible cancellation. of the loan. Unfortunately, no clear guidelines are yet available. On April 23, 2020, the …

ProPublica is a non-profit newsroom that investigates abuse of power. Subscribe to receive our biggest stories as soon as they are published. After a months-long legal battle over the transparency of one of the federal government’s largest coronavirus relief programs, a Washington judge has demanded the release of data on thousands of small business loan …

Eligibility required for student loans As these loans are given to deserving students and those who are unable to cover the cost of their graduate studies, the eligibility of the student loan is academic achievement and student achievement. In other words, applicants’ eligibility is measured on the basis of their academic performance, as applied in …

The Small Business Administration must clear thousands of paycheck protection program loans currently stuck in the agency’s system, a coalition of lender groups asked in a letter to lawmakers on March 5. These loans, signaled by a strengthened set of automated checks by the agency, could mean many small businesses are excluded from the program …