Bridgeline Secures $1 Million Loan Under Paycheck Protection Program Provision of CARES Act
Bridgeline Digital, Inc. (BLIN)
Last bridgeline digital, inc. earnings: 12/28 04:05 pm
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Source: GlobeNewswire
Woburn, Mass., April 21, 2020 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ:BLIN), a provider in cloud-based digital experience software announced that it accepted a $1 million loan under the Payroll Protection Program (“PPP”) (the “Loan”) contained within the new Coronavirus Aid, Relief, and Economic Security (“CARES”) Act signed into law by President Trump on March 27, 2020. The Loan was obtained from BNB Bank in New York. As a U.S. Small Business, Bridgeline qualifies for the PPP which is a forgivable loan designed to create economic stimulus by providing additional operating capital to small businesses in the United States. The Loan has a fixed rate of one percent (1%) per annum over two years and up to 100% of the loan will be forgiven based on the amount of the funds used during first eight-week period following the loan origination date used towards payroll, rent, and certain other operating expenses. The forgiven amount is not included in taxable income. “We are g
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- 12/13/24 - Form SC
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- BLIN's page on the SEC website