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Bank of America Is Refusing to Fully Forgive Some PPP Loans
Bank of America, the second-biggest lender in the Paycheck Protection Program, is refusing to forgive some small business owners’ loans and blocking them from getting relief directly from the Small Business Administration, which oversees the PPP program. One of the first forms of aid Congress offered to businesses during the Covid-19 pandemic was PPP loans, which were meant to be forgiven completely if used to cover payroll and other specified expenses. But in over a half-dozen interviews and emails with The Intercept, small business owners who got their PPP loans through Bank of America described the same experience: A year or more after they first received their loans, they were…
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Sonder Holdings Inc. and Gores Metropoulos II, Inc. Announce Additional Committed Capital to Fully Fund Business Plan and Strategic Revision of Transaction Terms
SAN FRANCISCO & LOS ANGELES–(BUSINESS WIRE)–Sonder Holdings Inc. (“Sonder” or the “Company”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, and Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW and GMIIU), a special purpose acquisition company formed by affiliates of The Gores Group and Metropoulos & Co., announced strategic amendments to the terms of their previously announced definitive agreement (the “Merger Agreement”) to combine. These amendments and associated incremental investments by leading institutional investors to adapt to current market conditions strongly position Sonder for long-term growth, and underscore Sonder’s and Gores Metropoulos II’s collective commitment to driving long-term value creation for all stockholders. As…
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National proposes reopening fully vaccinated businesses in ‘back in business’ plan
National’s reopening plan would see regions with 70 percent vaccination and no Covid-19 go to amount 1, and fully vaccinated firms returning to regular procedure. It would also provide in rental guidance, short term tax cuts and industry-certain guidance. Check out the media meeting in this article: The celebration introduced its Back in Organization economic approach in Wellington this early morning, supplying different incentives and assistance to corporations. Firms, notify levels and evidence of vaccination: Enable enterprises below stage 2 to function typically if all staff members are totally vaccinated Consider any place at the very least 70 p.c totally vaccinated with no Covid in the group to alert stage…
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