Paycheck Protection Program Loans
GPTKB entity
Statements (67)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:charity
|
| gptkbp:admission_fee |
high during initial rollout
|
| gptkbp:application |
available through various organizations
through approved lenders |
| gptkbp:appointed_by |
gptkb:High_School
|
| gptkbp:business_model |
oversees the program
500 employees or fewer targeted towards hard-hit sectors |
| gptkbp:bypass_ratio |
based on eligible expenses
|
| gptkbp:certification |
required by lenders
|
| gptkbp:challenges |
included fraud and mismanagement concerns
|
| gptkbp:closing_date |
varied by lender and funding round
|
| gptkbp:community_programs |
conducted to inform businesses
numerous businesses reported survival due to loans |
| gptkbp:convicted_of |
required for forgiveness process
|
| gptkbp:data_usage |
high among eligible businesses
payroll, rent, utilities, and mortgage interest |
| gptkbp:economic_impact |
significant during pandemic
helped reduce unemployment spikes helped retain millions of jobs part of broader economic recovery efforts |
| gptkbp:effective_date |
varied based on lender
|
| gptkbp:emergency_services |
related program
|
| gptkbp:employs |
included in the program
|
| gptkbp:end_date |
May 31, 2021
|
| gptkbp:form |
SBA Form 2483
|
| gptkbp:future_plans |
lessons learned for future programs
|
| gptkbp:has_documentation |
required to prove eligibility
|
| gptkbp:has_programs |
considered a success by many economists
|
| https://www.w3.org/2000/01/rdf-schema#label |
Paycheck Protection Program Loans
|
| gptkbp:impact |
ongoing by various agencies
helped millions of businesses during COVID-19 pandemic |
| gptkbp:in-game_currency |
1%
|
| gptkbp:is_criticized_for |
some argued it favored larger businesses
|
| gptkbp:is_evaluated_by |
assessed for effectiveness post-implementation
|
| gptkbp:launched |
gptkb:2020
|
| gptkbp:legacy |
influenced future disaster relief efforts
|
| gptkbp:local_economy |
positive in many regions
|
| gptkbp:p_hpreference |
legislation that modified terms
|
| gptkbp:part_of |
gptkb:CARES_Act
|
| gptkbp:payment_methods |
directly to bank accounts
deferred for 6 months |
| gptkbp:performance |
job retention and business survival rates
|
| gptkbp:philanthropy |
certain non-profits eligible
|
| gptkbp:public_awareness |
widely discussed in media
|
| gptkbp:purpose |
to provide financial support to small businesses
|
| gptkbp:receives_funding_from |
gptkb:government_agency
gptkb:U._S._Treasury_Department $310 billion $349 billion additional funding rounds occurred based on demand and applications received over $800 billion allocated subject to availability of funds |
| gptkbp:regulatory_compliance |
subject to audits and reviews
|
| gptkbp:release_date |
varied by funding round
|
| gptkbp:reports_to |
borrowers must report on use of funds
required for transparency |
| gptkbp:responsible_for |
must use funds for eligible expenses
|
| gptkbp:sacraments |
maintaining payroll and employee retention
|
| gptkbp:scholarships |
$10 million
2 to 5 years typically within days of approval |
| gptkbp:shelf_life |
ended in May 2021
|
| gptkbp:student_enrollment |
small businesses and certain non-profits
|
| gptkbp:bfsParent |
gptkb:Lendistry
|
| gptkbp:bfsLayer |
9
|