Paycheck Protection Program Loans
GPTKB entity
Statements (67)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:financial_assistance
|
| gptkbp:administered_by |
gptkb:Bachelor's_degree
|
| gptkbp:application |
through approved lenders
|
| gptkbp:borrower_documentation |
required to prove eligibility
|
| gptkbp:borrower_responsibilities |
must use funds for eligible expenses
|
| gptkbp:business_eligibility_verification |
required by lenders
|
| gptkbp:business_sector_focus |
targeted towards hard-hit sectors
|
| gptkbp:business_size_limit |
500 employees or fewer
|
| gptkbp:challenges |
included fraud and mismanagement concerns
|
| gptkbp:currency |
1%
|
| gptkbp:economic_impact |
helped retain millions of jobs
|
| gptkbp:economic_stimulus |
part of broader economic recovery efforts
|
| gptkbp:eligibility |
small businesses and certain non-profits
|
| gptkbp:evaluates |
assessed for effectiveness post-implementation
|
| gptkbp:financial_aid |
$10 million
2 to 5 years typically within days of approval |
| gptkbp:first_round_funding |
$349 billion
|
| gptkbp:forgiveness_criteria |
maintaining payroll and employee retention
|
| gptkbp:funding |
gptkb:U._S._Treasury_Department
over $800 billion allocated subject to availability of funds |
| https://www.w3.org/2000/01/rdf-schema#label |
Paycheck Protection Program Loans
|
| gptkbp:impact |
helped millions of businesses during COVID-19 pandemic
|
| gptkbp:impact_on_small_business |
significant during pandemic
|
| gptkbp:impact_on_unemployment |
helped reduce unemployment spikes
|
| gptkbp:launched_in |
gptkb:2020
|
| gptkbp:legacy |
influenced future disaster relief efforts
|
| gptkbp:loan_application_assistance |
available through various organizations
|
| gptkbp:loan_application_deadline |
varied by lender and funding round
|
| gptkbp:loan_application_form |
SBA Form 2483
|
| gptkbp:loan_approval_rate |
high during initial rollout
|
| gptkbp:loan_approval_timeline |
varied based on lender
|
| gptkbp:loan_disbursement_method |
directly to bank accounts
|
| gptkbp:loan_forgiveness_amount |
based on eligible expenses
|
| gptkbp:loan_forgiveness_application |
required for forgiveness process
|
| gptkbp:loan_repayment_terms |
deferred for 6 months
|
| gptkbp:loan_usage |
payroll, rent, utilities, and mortgage interest
|
| gptkbp:loan_utilization_rate |
high among eligible businesses
|
| gptkbp:non_profit_eligibility |
certain non-profits eligible
|
| gptkbp:part_of |
gptkb:CARES_Act
|
| gptkbp:pppflexibility_act |
legislation that modified terms
|
| gptkbp:program_awareness_campaigns |
conducted to inform businesses
|
| gptkbp:program_criticism |
some argued it favored larger businesses
|
| gptkbp:program_data_reporting |
required for transparency
|
| gptkbp:program_end_date |
May 31, 2021
|
| gptkbp:program_evaluation_metrics |
job retention and business survival rates
|
| gptkbp:program_expiration |
ended in May 2021
|
| gptkbp:program_funding_distribution |
based on demand and applications received
|
| gptkbp:program_funding_replenishment |
additional funding rounds occurred
|
| gptkbp:program_funding_source |
gptkb:federal_government
|
| gptkbp:program_future_considerations |
lessons learned for future programs
|
| gptkbp:program_impact_assessment |
ongoing by various agencies
|
| gptkbp:program_impact_on_local_economies |
positive in many regions
|
| gptkbp:program_oversight |
subject to audits and reviews
|
| gptkbp:program_success |
considered a success by many economists
|
| gptkbp:program_success_stories |
numerous businesses reported survival due to loans
|
| gptkbp:public_awareness |
widely discussed in media
|
| gptkbp:purpose |
to provide financial support to small businesses
|
| gptkbp:reports_to |
borrowers must report on use of funds
|
| gptkbp:second_round_funding |
$310 billion
|
| gptkbp:self_employed_eligibility |
included in the program
|
| gptkbp:small_business_administration |
oversees the program
|
| gptkbp:submission_deadline |
varied by funding round
|
| gptkbp:targeted_economic_injury_disaster_loan |
related program
|
| gptkbp:bfsParent |
gptkb:Lendistry
|
| gptkbp:bfsLayer |
9
|