Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
SBA Stimulus Loan Program Runs Out of Money as Jobless Claims Rise
variety.comBy Cynthia Littleton Business Editor The Small Business Administration is already tapped out of emergency loan funds approved last month to help companies stay solvent and avoid having to terminate workers.
The $349 billion allocated to the Paycheck Protection Program that was part of the $2 trillion stimulus package signed into law by President Donald Trump on March 27.
Treasury Secretary Steven Mnuchin announced late Wednesday that the programs have run out of money after thousands of applications flooded into the SBA.
In addition to the PPP, the stimulus bill added $10 billion to the existing Economic Injury Disaster Loan program that also aims to provide low-cost loans to keep businesses with less than 500 employees from going under.
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