Where’s The Money? The Top 10 Frequently Asked Questions About CARES Act Loans [Forbes]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
investor.mastercard.com/investor-relations/default.aspx
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Source: Forbes
By Neil HareThe federal government enacted in late March legislation to help small businesses suffering from the COVID-19 crisis. TheCARES ActThere are currently two types of loans available: Economic Injury Disaster Loans (EIDL) and Paycheck Protection Loans (PPP).The goal of the government was to get these loans into the hands of business as quickly as possible. But there have been delays in implementing the processes for issuing these loans. The overwhelming majority of businesses have not received any funds.Two issues have caused the holdup: First, banks are concerned that the regulations aren’t clear enough, and they need protection against fraud and (without expressly saying it) bad debt at the end of this crisis. Second, the process requires the SBA to review all loan applications and it is dealing with an unprecedented volume.Loans and grants are likely weeks away from hitting bank accounts.© Bart Sadowski - Adobe StockThe following are the top 10 questions and answers about t
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Earnings
- 10/30/25 - Beat
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Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 3
- 11/12/25 - Form 8-K
- MA's page on the SEC website