Ppp

• Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries' currencies through a "basket of goods" approach. • Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries. • Some countries adjust their gross domestic product (GDP) figures to reflect PPP. S = P 1 P 2 where: S = Exchangerateofcurrency 1 tocurrency 2 P 1 = Costofgood X incurrency 1 \begin ​ S = P 2 ​ P 1 ​ ​ where: S = Exchangerateofcurrency 1 tocurrency 2 P 1 ​ = Costofgood X incurrency 1 ​ Comparing Nations' Purchasing Power Parity To make a meaningful comparison of prices across countries, a wide range of goods and services must be considered. However, this one-to-one comparison is difficult to achieve due to the sheer amount of data that must be collected and the complexity of the comparisons that must be drawn. To help facilitate this comparison, the University of Pennsylvania and the United Nations joined forces to establish the International Comparison Program (ICP) in 1968. Every few years, the Both the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) use weights based on PPP metrics to make predictions and recommend economic policy. The recommended economic policies can have an immediate short-term impact on financial markets. To better understand how GDP paired with purchase power parity works, suppose it costs $10 to buy a...

Jim Probasco has 30+ years of experience writing for online, print, radio, and television media, including PBS. His expertise includes government programs and policy, retirement planning, insurance, family finance, home ownership and loans. He has a bachelor's from Ohio University and Master's from Wright State University in music education. • A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. • Based on the CARES Act, the first-draw PPP loans were available for the lesser of $10 million or 2.5 times a company's average monthly payroll. • Second-draw loans of up to $2 million were available for businesses that had used funds in their Round 1 or Round 2 loans. • 100% of a PPP loan could be forgiven if guidelines were followed. • Passage of the PPP Flexibility Act of 2020 relaxed many PPP loan guidelines. The table below outlines all three rounds of PPP loan funding. • Beginning on Wed., Feb. 24, 2021, through Tue. March 9, 2021, businesses with fewer than 20 employees were permitted to apply for PPP funding. • The formula used to calculate PPP loans was revised to provide more funding for sole proprietors, independent contractors, and self-employed individuals. An additional $1 billion was allocated for these individuals in low-and moderate-income (LMI) areas. • Eligibility for PPP funding was extended to small business owners with non-fraud-related felonies as ...

Search Every Company Approved for Federal Loans As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Search more than 11 million loans approved by lenders and disclosed by the Small Business Administration. | by Updated April 25, 2023 Number of loans by state State Total $150k or less $150k - $350k $350k - $1m $1m - 2m $2m - 5m $5m - 10m Alabama 169,557 158,645 6,558 3,199 794 308 42 Alaska 23,692 21,030 1,620 774 186 67 15 American Samoa 324 304 15 5 0 0 0 Arizona 169,180 153,423 9,393 4,720 1,120 465 45 Arkansas 102,039 96,182 3,608 1,709 392 130 17 California 1,266,553 1,137,819 74,796 39,459 9,881 3,956 553 Colorado 192,126 172,460 11,893 5,749 1,370 555 86 Connecticut 117,861 104,980 7,577 3,893 978 385 43 Delaware 27,695 24,705 1,798 893 196 88 14 District of Columbia 29,478 25,095 2,356 1,430 413 168 14 Florida 983,265 923,262 37,654 17,092 3,697 1,358 177 Georgia 553,217 527,430 15,808 7,297 1,845 711 112 Guam 3,584 3,141 269 139 28 7 0 Hawaii 44,563 39,584 2,954 1,465 386 154 18 Idaho 52,388 47,973 2,762 1,247 266 125 13 Illinois 619,940 579,176 22,858 12,629 3,575 1,435 227 Indiana 186,156 169,562 9,385 5,168 1,358 587 84 Iowa 171,714 163,419 4,763 2,498 664 319 48 Kansas 126,397 118,196 4,619 2,509 676 358 34 Kentucky 128,429 119,251 5,323 2,80...

• • GS - General Schedule Payscale • FWS - Federal Wage System • LEO - Law Enforcement Payscale • SES - Senior Executive Service • • MIL - Military Basic Pay • • GS - General Schedule Pay Calculator • FWS - Federal Wage System Pay Calculator • LEO - Law Enforcement Pay Calculator • SES - Senior Executive Service Pay Calculator • MIL - Military Pay Calculator • • • • • • • • • Army Ranks & Payscales • Navy Ranks & Payscales • Air Force Ranks & Payscales • Marine Corps Ranks & Payscales • Coast Guard Ranks & Payscales • • • • • • • • • • • • • • • • • • • • • • [NEW] • • General Schedule • • • • • GS Pay Calculator • • Federal Wage System • • • FWS Pay Calculator • • Law Enforcement Payscale • • • LEO Pay Calculator • • Senior Executive Service • • SES Pay Calculator • • Military Payscales • • • • Military Pay Calculator • • Miscellaneous • • • • • • • Under open government transparency guidelines, information on recipients of the $790B in forgivable government loans issued through the 2020 Paycheck Protection Program by the US Small Business Administration (SBA) are a matter of public record. FederalPay.org has created a powerful search tool that allows public access to the PPP loan database. PPP Loan Company Lookup Search Tool Search our entire database for publicly released Paycheck Protection Program (PPP) information by location, company name, industry (based on NAICS code), company type, or loan amount. Max 50 results provided for each query. Information available thro...

An NPR analysis of data released Jan. 8 by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, despite rampant fraud in the program. Getty Images/Mark Harris for NPR When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, potentially forgivable government loans to small businesses. Yet billions of dollars went to companies owned by wealthy celebrities, including Tom Brady and Khloe Kardashian, and companies that thrived during COVID, like many manufacturing and construction firms. Government officials acknowledge that the program was rife with fraud and did not weed out undeserving applicants. But there was a way to remedy those early errors: Deny forgiveness. That could have thwarted scam artists and forced businesses that prospered to repay the money. Yet nearly three years after the rollout of PPP, the vast majority of loans have been forgiven. An NPR analysis of data released on Jan. 8 by the Small Business Administration found that 92% of the loans issued have been granted full or partial forgiveness. That includes loans to companies with mega-rich owners. "The PPP program seems to have resulted in billions of dollars of fraudulent loans that have ultimately turned into grants," said Samuel Kruger, an assistant professor of finance at the University of Texas at Austin w...

Not to be confused with The Paycheck Protection Program ( PPP) is a $953-billion The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs. The amount of a PPP loan is approximately equal to 2.5 times the applicant's average monthly payroll costs. In some cases, an applicant may receive a second draw typically equal to the first. The loan proceeds may be used to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable. The program is implemented by the Some economists have found that the PPP did not save as many jobs as purported and aided too many businesses that were not at risk of going under. Overview [ ] The purpose of the Paycheck Protection Program and loan forgiveness is to provide economic relief to small businesses and certain other entities that have been adversely impacted by the According to a 2022 study, the PPP: cumulatively preserved between 2 and 3 million job-years of employment over 14 months at a cost of $169K to $258K per job-year retained. These numbers imply that only 23 to 34 percent of PPP dollars went directly to workers who would otherwise have lost jobs; the balance flowed to business owners and shareholders, including creditors and suppliers of PPP-receiving firms. Program incidence was ultimately highly regressive, with about three-quarters of PPP funds accruin...