Fund – JVC Europe Wed, 29 Sep 2021 00:30:53 +0000 en-US hourly 1 Fund – JVC Europe 32 32 How small businesses will benefit from the new stimulus program – JCK Thu, 08 Apr 2021 02:38:30 +0000

President Biden signed the US $ 1.9 trillion bailout on Thursday. The massive stimulus package was designed to ease financial hardship for millions of Americans during the COVID-19 pandemic, and also to fund a nationwide vaccination plan.

The package includes $ 1,000 billion in direct aid to citizens (many Americans will receive a check for $ 1,400) and $ 415 billion for COVID-19 vaccination programs and tests. It also allocates 440 billion dollars in aid to American companies.

Here are some aspects the historic piece of legislation that could potentially boost your small business:

$ 15 billion to the Economic Disaster Loan Program

This is money targeted for the Small Business Association’s Economic Disaster Emergency (EIDL) loans, a fund created by last year’s CARES Act that ran dry. Of the new funding, $ 5 billion will be distributed in a new round of $ 5,000 grants to smaller (those with less than 10 employees) and hardest hit small businesses.

The Paycheque Protection Program

The Paycheck Protection Program (PPP), which was established in the CARES Act, receives an additional $ 7.25 billion and is currently accepting second-round loan applications (more nonprofits are now eligible).

Extension of the employee retention tax credit

The CARES Act created a refundable payroll tax credit for businesses and nonprofits who retain employees during the COVID-19 crisis, and the US bailout extends that tax credit until until December 31, 2021. The bill also extends eligibility to startups that started after February 15, 2020.

Economic health

Economic assistance to individuals and families included in the bill – which includes one-off checks, $ 3,000 in tax credits for children aged 6 to 17 and $ 3,600 for children under 6, and over $ 20 billion in emergency rent assistance – will also likely have a positive impact on small retailers. Global aid will allow millions of people to catch up with their financial obligations and put more money into the economy.

Read Sections of the Small Business Association Stimulus Plan here.

(Illustration: Getty Images)

To follow Emili Vilind on Instagram: @emilivesilind

Follow JCK on Instagram: @jckmagazine

Follow JCK on Twitter: @jckmagazine

Follow JCK on Facebook: @jckmagazine

[ad_2] ]]> Memphis City Council urges state to ban all payday lenders Thu, 08 Apr 2021 02:38:19 +0000

MEMPHIS, Tennessee (WMC) – Should payday lenders be banned in Memphis and Tennessee?

Memphis City Council seems to think so.

Each board member voted in favor of a resolution urging Tennessee lawmakers to revoke and ban business licenses for all payday lenders.

At the council meeting last week, Memphis city councilor Chase Carlisle, who sponsored the resolution, explained why action is needed now.

“I bring this resolution because far too many times payday lenders come into our communities and end up hurting economic growth more than they help,” Carlisle said. “If they ever help at all.”

According to the Pew Charitable Trusts, 12 million Americans take out payday loans each year to meet unforeseen expenses. Many borrowers also regularly use short-term loans to pay rent and utilities, a need that has increased during the COVID-19 pandemic.

But with interest rates nearly 400% and higher, critics say payday loans are a debt trap.

“People need help and these lenders are taking advantage of it, so we need to do what we can to get them out of our community,” Carlise said.

Metro Ideas Project, a non-profit, non-partisan research company in Chattanooga, says Tennessee is home to more than 1,200 payday lenders. It says Shelby County has 232 payday loan sites, more than any other county.

Carlisle says the city has done everything it can legally to restrict payday lenders.

“Professional service licenses and business licenses are a state level thing,” Carlisle said. “So unfortunately this is the best advocacy we can make.”

Members of the resolution council voted in favor of the claim that the use of demographics by payday lenders “has led African American neighborhoods to face three times as many payday loan shops per capita than the white quarters “.

The Community Financial Services Association of America (CFSA), which represents payday lenders, said on his site that lenders “provide essential financial services to many people in underserved communities” who may not be able to obtain small loans elsewhere.

“By providing loans to those who cannot otherwise access traditional forms of credit, low dollar lenders help communities and small businesses thrive and allow the money to be reinvested in local businesses and neighborhoods where it is most needed, ”the statement said.

The CFSA says efforts by lawmakers to prohibit or restrict such loans “generally produce unintended negative consequences that far outweigh the social benefits derived from the legislation.”

“When states ban small loans, the marginal situation for consumers only gets worse,” CFSA said.

In July, the Consumer Financial Protection Bureau repealed a provision developed under the Obama administration that required payday lenders to ensure borrowers can repay their loans when due.

The Financial Services Centers of America (FiSCA), another professional association of payday lenders, applauded the decision.

“We applaud the office for standing with consumers who might otherwise risk further financial abandonment and isolation in these uncertain times,” said Ed D’Alessio, Executive Director of FiSCA. “Now more than ever, FiSCA and its members remain committed to providing access to credit and developing innovative products and services that our clients deserve while strictly adhering to state and federal laws.

Massachusetts Senator Elizabeth Warren, who helped establish the Consumer Financial Protection Bureau under the Obama administration, called the rule change “appalling.”

“Tens of millions of Americans have lost their jobs during this pandemic, small businesses are struggling and the people appointed by Trump to @CFPB just finished slashing the rules that protect Americans from predatory payday lenders,” Warren tweeted. “It is appalling.”

Copyright 2020 WMC. All rights reserved.

[ad_2] ]]> Government borrows at Rs 7.24 lakh crore in April-September – The New Indian Express Thu, 08 Apr 2021 02:38:06 +0000

Through Express news service

NEW DELHI: The government will stick to its borrowing target announced in the 2021-22 Union budget and will borrow Rs 7.24 lakh crore or 60% of the annual target in the first half of the year. fiscal year 2021-22. According to the budget, the gross government borrowing was estimated at Rs 12.05 lakh crore in the fiscal year starting April 1.

“In the budget, we announced that there would be a gross borrowing of Rs 12.05 lakh crore and a net borrowing of Rs 9.37 lakh crore. In the first half of 2021-2022, we would borrow 7.24 lakh crore of rupees, ”said Economic Affairs Secretary Tarun Bajaj. In the fiscal year ended March 31, 2021, the government borrowed a record Rs 13.71 lakh crore, 76% more than it budgeted, mainly to raise the resources needed to revive the economy affected by the coronavirus pandemic.

However, the finance ministry canceled a central government bond auction valued at Rs 20,000 crore scheduled for March 26, which was due to be the last of the fiscal year due to better revenues. Gross borrowings include repayments of past borrowings. The repayment of past loans during the next financial year has been set at Rs 2.8 lakh crore.

“The gross borrowing in the market for next year would be around Rs 12 lakh crore. We plan to continue on the path of fiscal consolidation and intend to achieve a level of budget deficit of less than 4.5% of GDP by 2025-2026 with a fairly steady decline over the period ”, he added. said Finance Minister Nirmala Sitharaman during the budget presentation.

Budget deficit

The central government budget deficit at the end of February stood at 76 percent of the revised estimate. The deficit stood at Rs 14.05 lakh crore.

[ad_2] ]]>
Goals for Norwich City forwards Sinani and Drmic Thu, 08 Apr 2021 02:37:22 +0000

Danel Sinani’s return to form continued with a goal and victory with loaner club Waasland-Beveren, after a memorable moment with Luxembourg for the Norwich City forward.

The 23-year-old started two World Cup qualifiers as a forward as the Minnows picked up a shock 1-0 victory in Ireland and then staged a surprise opener against Portugal, only for a goal from Cristiano Ronaldo to help the visitors recover to 3-1 victory. Luxembourg is 95th in the Fifa ranking, 90 places less than Portugal.

Prior to this international action, Sinani had been on the sidelines for battling Beveren in the Belgian top flight, but he got a first start since January and scored his third goal in 15 total appearances, opening the scoring with a fine finish from the edge of the box in a 2-0 victory at KV Oostende on Saturday.

There was also a goal for the striker Josip drmic On Saturday, a header into the second goal as Rijeka won 4-3 at HNK Gorica in the top Croatia, the Switzerland international’s second goal in nine games.

Back in England, the action of Good Friday saw Tom trybull Return to Blackburn’s starting XI and play 72 minutes of a shock 1-0 loss to Wycombe, the bottom of the league.

Sam mccallum made his 29th league start to the season, but the left-back suffered a disappointing 3-0 loss at QPR.

In Ligue 1, defender Akin Famewo missed Charlton’s 1-0 win at Doncaster, but manager Nigel Adkins expects him to return to training next week after a minor blow.

Timm Klose and Basel are set for a home game against Baduz in the Swiss top flight on Monday, but his fellow defender Rocky bushiri is expected to miss the remainder of Eupen’s season in Belgium due to injury.

Dan Adshead and Telstar are also set for action on Monday, at NEC Nijmegen in the Dutch second tier, but the Icelandic league season doesn’t start until later this month for the midfielder Isak Thorvaldsson at IA Akranes.

Louis thompson and MK Dons set to entertain Crewe in League One on Easter Monday, with the winger Aidan Fitzpatrick hoping to compete as Queen of the South at high profile host Hibs in the Scottish Cup third round.

Young striker Gassan Ahadme, who ultimately made two appearances for Real Oviedo B last month, could be in action at Guijuelo in Spain’s Third Division today.

Substitute not used: Tyrese Omotoye (Swindon)

Not in action: Philip Heise (Karlsruher), William Hondemarck (Harrogate), Archie Mair (King’s Lynn)

[ad_2] ]]>
Where’s Joe Hampton from ‘Last Chance U: Basketball’ now? Thu, 08 Apr 2021 02:37:00 +0000

Netflix’s sports documentary Last Chance U: Basketball made a change with its sixth season. After five years of football redemption stories, the final season focuses on basketball. He found another captivating subject despite a change of scenery, spotlighting the men at East LA College basketball team. Throughout history, Joe Hampton has come across as both the star and an antagonist of sorts.

The history and personality of the 6-foot-7 forward make a convincing television. He suffered several disgraces, his obvious talent hampered by events both beyond his control. Last Chance U: Basketball showed his way to true redemption. But many viewers wondered if Hampton had followed through on his talent.