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Stock impact report

CARES Act PPP Do-Over Provides More Money, But Doesn’t Increase Speed Of Funding [Forbes]

DMC Global Inc. (BOOM) 
Last dmc global inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: dmcglobal.com/investors
Company Research Source: Forbes
The U.S. Senate has smartly agreed on the Paycheck Protection Program (PPP) Increase Act of 2020. This legislation amends the initial law by raising the appropriation level forPPP loansPresident Donald Trump holds up the coronavirus aid package that will direct funds to small... [+]businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. From left, Treasury Secretary Steven Mnuchin, Sen. Roy Blunt, R-Mo., Trump, administrator Jovita Carranza, and House Minority Leader Kevin McCarthy of Calif. (AP Photo/Evan Vucci)ASSOCIATED PRESSThe bill sets aside money for insured depository institutions, credit unions, and Community Financial Institutions (CDFIs) and defines Community Financial Institutions that help small firms and companies located in under-served areas. Now, $30 billion is set for loans made by Insured Depository Institutions and Credit Unions that have assets between $10 billion and $50 billion. Another $30 billion goes Show less Read more
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