Congress Agrees On Favorable Changes To Paycheck Protection Loans: What Does It Mean For Borrowers? [Forbes]
McDonald's Corporation (MCD)
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Source: Forbes
Earlier today, the Senate unanimously approved H.R. 7010, a bill that will dramatically alter several critical terms of the recently-enacted Paycheck Protection Program (PPP). The bill, which passed the House last week and now heads to the President’s desk for signature, will provide much needed relief for borrowers as they seek forgiveness of their loan amounts.WASHINGTON, DC - APRIL 28: White House press secretary Kayleigh McEnany listens as U.S. President... [+]Donald Trump takes questions from reporters during an event on supporting small businesses through the Paycheck Protection Program in the East Room of the White House April 28, 2020 in Washington, DC. An total of $659 billion has been allocated for small business loans in coronavirus relief bills passed by Congress. (Photo by Win McNamee/Getty Images)But before we get into the details, let’s remember how we got here...On March 27, 2020, President Trump signed into law the Aid, Relief, and Economic Security (CARES) Act, a $2
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form ARS
- MCD's page on the SEC website