StemCell Therapy

LIVINGSTON, NJ Federal officials have released a list of businesses across the nation, including in Livingston, which were approved for loans under the Paycheck Protection Program (PPP).

More than 4.9 million loans worth roughly $521 billion have been approved for businesses and nonprofit organizations across the United States under the program, which was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

See a list of awardees in Livingston below.

The aid is meant to help small businesses keep workers on their payrolls during the COVID-19 crisis. Funds can also be used to pay interest on mortgages, rent, and utilities. PPP loans have an interest rate of one percent and can be fully forgiven under certain conditions. (Learn more about the program)

Roughly 22,000 entities in New Jersey were approved for loans greater than $150,000. Awards in the Garden State also included loans to higher education institutions, private schools, manufacturers, car washes, real estate agent companies and nonprofits.

Earlier this week, the U.S. Small Business Administration (SBA) and U.S. Treasury released a list of loan recipients by town, adding a big caveat about the data:

Several companies that made the list have since questioned its accuracy, claiming that they didn't apply for or receive the funds the government says they did, CNBC reported.

See a list of approved loans over $150,000 in Livingston via the searchable database below. Enter the town's name where it says "Search business name of town" to begin.

More here:
Coronavirus PPP Loans In Livingston: Where The Money Went - Livingston, NJ Patch

This entry was posted on July 9, 2020 at 6:46 pm and is filed under Stem Cell kidney Failure. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |