Monthly Archives: March 2021

PPP loan waiver: it’s complicated – Article

Through: John stanfield The original intention of the Payment Protection Plan (“PPP”) loan program was to provide a simple means of accessing capital quickly during a very uncertain period in our history. With the exception of a few pitfalls which were largely due to the sheer volume of submissions to …

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Banks announce tightening of lending standards in Q3

US banks tightened standards for business and consumer lending in the third quarter amid continued uncertainty over the economic outlook. The Federal Reserve’s quarterly survey of major loan officers found that large net shares of banks said they had raised the bar for commercial and industrial lending to large and …

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Pasco Distillery requests extension of economic development loan

PORT RICHEY – Last year, the Pasco County Commission granted an economic development loan of $ 153,020 to a local distillery buy industrial equipment and develop its activity. Identified as a target industry by the county’s economic development team, Point Distillery, LLC has encountered a problem with its financial plan …

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