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Test Number : HP0-517
Test Name : Integrity Server Multi-OS Installation and Deployment
Vendor Name : HP
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The inequities of PPP: Megachurches, significant businesses acquire funds ahead of small companies | HP0-517 actual questions and PDF Questions

a person standing in front of a building: Thereasa Black opened her gelato shop in Arlington, Virginia, in December 2019. © ABC Thereasa Black opened her gelato shop in Arlington, Virginia, in December 2019.

With the executive set to situation a new round of enterprise loans as part of its existing COVID-19 reduction invoice, struggling small corporations, like Thereasa Black’s gelato shop, are hoping for greater than a miracle.

Black opened the gelato save in Arlington, Virginia, in December 2019 -- quickly after returning home from a 13-month deployment in the Navy reserves. Her enterprise is more than that, although; it also fulfills a promise that she made to her four-year-historical daughter Isabella.

Thereasa Black opened her gelato shop to fulfill a promise to her daughter Isabella in Arlington, Virginia, in December 2019. © Courtesy of Thereasa Black Thereasa Black opened her gelato shop to meet a promise to her daughter Isabella in Arlington, Virginia, in December 2019.

“It capacity every little thing to me, actually,” said Black. “This enterprise is actually my promise to her that i am under no circumstances going to leave her again.”

When the coronavirus pandemic hit last 12 months, the opportunity of dropping what she had worked challenging so hard grew to be all of the extra obvious. Black noted that all the way through the complete month of April 2020, her enterprise had made handiest a day’s price, or 10%, of pre-pandemic earnings.

“I noticed everything crumbling, after which it was a question of like, ‘What now?’” she spoke of.

Thereasa Black opened her gelato shop in Arlington, Virginia, in December 2019. © ABC Thereasa Black opened her gelato shop in Arlington, Virginia, in December 2019.

Black stated she applied for provides and applied for a mortgage during the Paycheck insurance policy application in April, which goals to help small business owners like her dwell afloat. After a painstaking software method, Black referred to she changed into approved for only $2,000. She talked about it wasn’t even enough to cowl one month’s appoint.

“i was livid,” noted Black. in the end, Black spoke of she became denied the PPP mortgage because she had utilized for it through numerous lenders although she had been suggested to accomplish that.

extra: Coronavirus are living updates: Biden admin might not carry COVID go back and forth restrictions after Trump publicizes adjustments for UK, Europe

“It was loopy to me that i am studying like, this company obtained $2 million ... and or not it's identical to, is that this a comic story?”

Restaurant chains like like Shake Shack, Ruth’s and Chris Steak house got here below fire final year after they received $10 million or more in PPP loans. they've considering that again the money.

Gallery: How a Democrat-controlled Senate could affect seniors (Cheapism)

Billions of dollars from the primary round of loans throughout the Paycheck insurance plan software went to prosperous and smartly-related groups that had been extra likely to be white-owned, in response to records released with the aid of the Small enterprise Administration (SBA), which manages the software, as reported by way of ABC news.

a woman smiling for the camera: Ashley Harrington is the Federal Advocacy Director of the Center for Responsible Lending. © ABC Ashley Harrington is the Federal Advocacy Director of the middle for liable Lending.

in the meantime, lots of minority-owned small corporations waited longer and acquired much less cash, or no funds in any respect, the linked Press stated.

“It was definitely intended to be a lifeline for small companies,” observed Ashley Harrington, Federal Advocacy Director of the middle for liable Lending. “despite the fact, there were, from the outset, structural flaws with this program, structural barriers.”

The SBA also extended the PPP loans to nonprofit agencies, which consistently wouldn’t qualify in the course of the company. In all, the federal govt gave more than $7 billion in loans to non secular agencies.

Victoria Osteen, Joel Osteen are posing for a picture: Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a service at his church, Sep. 3, 2017, in Houston. © Joe Raedle/Getty pictures Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a carrier at his church, Sep. 3, 2017, in Houston.

youngsters some argue granting them loans beneath the software turned into applicable as church buildings are employers and repair suppliers, law professor Micah Schwartzman of the college of Virginia says it’s now not that basic.

"What makes their PPP diverse [from] past funding classes is the direct financing of religious operations and spiritual institutions,” mentioned Schwartzman. “It alterations the landscape of how the federal executive [and] state governments relate to spiritual agencies."

a man standing in front of a book shelf: Law professor Micah Schwartzman of the University of Virginia. © ABC legislation professor Micah Schwartzman of the college of Virginia.

“the public perception is that some groups which have fiscal potential do not need taken the funds, despite the fact that they were eligible for it,” he introduced.

Megachurches, where pastors are now and again price millions of bucks, were additionally capable of qualify for PPP. statistics from the SBA showed church buildings led by Evangelical tv stars obtained anyplace from $250,000 to $5 million in loans.

mogul Joel Osteen’s Lakewood Church bought $4.4 million in PPP loans, while Robert Jeffress’ First Baptist Dallas bought $2.2 million and Joyce Meyers Ministries bought $5 million.

more: JPMorgan Chase investigating misuse of pandemic support funds

Lakewood Church and Joyce Meyers Ministries told ABC information that the money from the loans changed into used to shop tons of of jobs and that the pastors did not get hold of any of the money themselves. First Baptist did not return a request for comment from ABC information.

Schwartzman brought up that there became “no severe political or public opposition” to non secular agencies being eligible for PPP loans like different nonprofits.

“I suppose most people remember that these are particular situations throughout the pandemic, and so there wasn’t any predominant public outcry about this,” he mentioned.

He said the “objection” to megachurches receiving the loans is akin to that of large enterprises receiving the loans. “They didn’t want this money, which become in reality targeted for small corporations that have been hurting,” he mentioned.

greater: luxurious lodges benefited from PPP loans. So did the investment trusts that own them

With the PPP application now reopened and more americans with a important eye on its lending, the SBA didn't reply to specific questions from ABC information.

In a press release, the company stated that it's "calling upon its lending partners to redouble their efforts to aid eligible debtors in underserved and deprived communities."

It has also set apart dollars in particular for groups with 10 personnel or fewer, in keeping with the clicking liberate.

Now, Black is one among many other enterprise house owners again in line to apply for loans and demand exchange from the PPP program in order to store their agencies.

“I suggest, reality is that they can't write the guidelines,” she spoke of. “but they can try to demand something enhanced.”


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