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The Paycheck Protection Program and Health Care Enhancement Act

announcement Apr 30, 2020
The Paycheck Protection Program and Health Care Enhancement Act is now in effect. More than $250 billion in additional unrestricted funds for the Paycheck Protection Program (PPP) through the Small Business Administration (SBA) is now available.

The SBA resumed accepting PPP loan applications from approved lenders on behalf of borrowers. The SBA has advised approved lenders to resume processing loan applications that were previously submitted by eligible borrowers as well as new applications and to resume disbursing funds.


KEY POINTS OF THE LEGISLATION:
  1. This new Act is the second round of relief that provides $484 billion in additional funding to replenish and supplement key programs under the CARES Act, including the Paycheck Protection Program (PPP), small business disaster loans and grants, hospitals and health care providers and testing.
  2. Paycheck Protection Program receives $321 billion in total funding, with $60 billion set aside for small, midsize, and community lenders...
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$2 Trillion Economic Relief Plan Signed Into Law

announcement Mar 30, 2020

The President has just signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion emergency economic stimulus plan that will go into effect immediately.

Here's What You Need To Know:

The approximate breakdown of the funding that is $560 billion for individuals, $500 billion for large corporations, $377 billion for small businesses, $340 billion for state and local governments, $153.5 billion for public health, and $26 billion for social safety net service providers.

The CARES Act amends the Small Business Act (SBA) to create a new Business Loan Program category. For the period from February 15, 2020 to June 30, 2020 (covered period), the law allows the Small Business Administration to provide 100% federally-backed loans up to a maximum amount to eligible businesses to help pay operational costs like payroll, rent, health benefits, insurance premiums, utilities, etc. Subject to certain conditions, loan amounts are forgivable.

  • Forgivable...
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Announcing The Power Of Purpose Funding Platform!

announcement Nov 09, 2019

The Power Of Purpose is pleased to announce the launch of The Power Of Purpose Funding Platform!

The inspiration behind our new platform is that we recognize so many people want to work with The Power Of Purpose team at a higher level. Many of these amazing individuals need some funding so we can jumpstart their business and get them on the fast track!

We firmly believe that if purpose-driven people are a little short on funds or if they have some credit challenges, it should not be an obstacle in order to work with us. We want to remove barriers so we can help people build a profitable business and lead a purpose-filled life.

That’s why we have brought 25 funding partners together within our new platform.

Now many more people can access the funds they need to work with us at a high level so they can launch and grow their business!

We're always seeking a few extraordinary individuals looking to work with our team directly at a high level. Individuals seeking access to our top...

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Announcing The Third Annual Purpose Summit!

The Power Of Purpose is pleased to announce The 3rd Annual Purpose Summit December 13-15, 2019 in Albuquerque, NM! 

If you’re not familiar with The Purpose Summit, it’s where The Power Of Purpose team (and select industry experts) reveal the most closely guarded business tactics and strategies that are working today.

The Purpose Summit is The Power Of Purpose’s flagship event where we bring out all the stops. Entrepreneurs from around the country meet in Albuquerque, NM to learn from our team and the most successful industry experts about what’s working right now and all the new top strategies to apply in the next year.

It’s The Power Of Purpose team and trusted experts sharing what’s new, what’s hot and what’s working right now and telling you how to apply it to grow your business.

Put simply: It’s 3 days of nothing but actionable content and...

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