While the total number of Paycheck Protection Program loans received is high in California, when broken down to SBA loan dollars per capita, California ranks near the bottom at $845 per capita, while a small state such as North Dakota is at $2,037 per capita. That's part of the findings of...
Small Mom-and-Pop Businesses That Took PPP Loans May Face a Surprise Tax Bomb
[aggregation-styles] CNBC While the federal Covid relief bill addresses a key concern for small businesses with forgivable loans, these firms could still face a tax hit — this time on their state returns. In addition to pledging stimulus checks to American households and providing a $300 boost to unemployment payments,...
Nearly $3M Meant for Small Businesses Amid Pandemic Went To Companies Gov. Gavin Newsom Founded
[aggregation-styles] ABC30 & ABC7 SAN FRANCISCO -- At least eight companies partially owned by Gov. Gavin Newsom collectively received millions of dollars from the Paycheck Protection Program, according to an ABC7 analysis. While data released by the Small Business Administration earlier this year showed the PlumpJack Group received up to...