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This is additionally the toughest part of starting a POD enterprise, as a number of entrepreneurs aren’t designers, they’re businessmen. If you are in need of money then opening a food truck enterprise might be among the finest business ideas with low funding. 22, the SBA made greater than $38 billion of funds to lenders towards greater than 367,000 loans.
Almost 4,000 companies in Illinois acquired loans of $1 million or more, adding as much as about $8.sixty seven billion, or about 37% of the entire. Which means about 7% of PPP loans have been forgiven. The Justice Division has charged 88 individuals for alleged PPP mortgage fraud totaling more $250 million nationwide, including plenty of cases with Chicago connections.
The new information exhibits that whereas the majority of Illinois borrowers obtained smaller loans — about 88% were for less than $150,000 — the lion’s share of the funds went to the largest borrowers. Among the many more high profile, former Chicago Bears extensive receiver Josh Bellamy was one in every of 11 folks arrested in September and charged in a Florida federal court docket for allegedly in search of more than $24 million in fraudulent loans.
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