New Regulations Allow Gaming Companies To Apply For Small Business Loans

The Small Business Administration (SBA) has released revised regulatory guidelines permitting size-eligible small gaming entities to participate in the Paycheck Protection Program.  American Gaming Association President and CEO Bill Miller expressed the following on the updated regulations:

“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirelessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program. We are pleased that the new regulatory guidelines released today make small gaming companies eligible for this critical program just as Congress has replenished its funding.

“I’m grateful to President Trump and his administration for recognizing that commercial and tribal gaming industry employees deserve the same support available to other small businesses, and for the significant, sustained efforts of members of Congress to amplify the need for changes to the guidelines to get small gaming operators and their employees through this challenging time.” 

[image credit : EF Education First]

bitcoin
Bitcoin (BTC) $ 10,703.92 0.74%
ethereum
Ethereum (ETH) $ 353.63 2.48%
tether
Tether (USDT) $ 0.999730 0.01%
ripple
XRP (XRP) $ 0.242412 5.08%
chainlink
Chainlink (LINK) $ 10.84 15.07%
polkadot
Polkadot (DOT) $ 4.50 3.21%
bitcoin-cash
Bitcoin Cash (BCH) $ 215.90 0.22%
binancecoin
Binance Coin (BNB) $ 24.61 1.83%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.154571 0.97%
litecoin
Litecoin (LTC) $ 46.21 3.36%
S&P 500  ^GSPC 
$3,305.40  $58.81  (1.81%)
Dow Jones Industrial Average  ^DJI 
$27,227.69  $412.25  (1.54%)
NASDAQ Composite  ^IXIC 
$10,934.07  $261.80  (2.45%)
Russell 2000  ^RUT 
$1,474.98  $23.16  (1.60%)
Crude Oil Nov 20  F*CL.NYM 
$40.24  $0.0700  (-0.17%)
   
$0.0000  $0.0000  (0.00%)