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PRAC Releases A New Way To Show Pandemic Funding By Individual Federal Agencies
Robert A. Westbrooks, Executive Director of the Pandemic Response Accountability Committee (PRAC), announced a new way to view data on PandemicOversight.gov.
PPP loan forgiveness: How do the top lenders compare?
Loans are forgivable (they don’t need to be repaid) if a borrower meets certain requirements, such as using at least 60% of the loan for payroll costs. Given the average PPP loan amount is $59,000, forgiveness can be financially significant to a borrower.
PRAC Releases Virtual Stakeholder Listening Forum with Experts Representing Borrowers and Small Business
The PRAC’s Financial Sector Oversight working group released a new video of a stakeholder listening forum entitled, “Pandemic Response: Perspectives from Borrowers.”