Usio Secures $814,000 Loan Through the CARES Act Paycheck Protection Program
Usio, Inc. (USIO)
Last usio, inc. earnings: 11/14 04:00 pm
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Source: GlobeNewswire
SAN ANTONIO, April 20, 2020 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq:USIO), an integrated electronic payment solutions provider, today announced it has received funding under a Paycheck Protection Program Term Note with The Bank of San Antonio (TBSA). This was completed through the Paycheck Protection Program (PPP) as part of the recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act), administered by the U.S. Small Business Administration. Under the terms of the Note, Usio has received total proceeds of approximately $814,000 bearing interest at 1% per annum with a maturity date of April 15, 2022. In addition, principal and interest payments will be deferred for the first six months of the loan. The loans are subject to the terms and conditions applicable to loans administered by the U.S. Small Business Administration under the CARES Act. The company will use the proceeds for payroll costs and other permitted expenses. Under the terms of the PPP, the princi
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USIO
News
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- Usio Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Usio Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Earnings To Watch: Usio Inc (USIO) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
- Usio to Host Third Quarter Fiscal 2024 Conference Call to Discuss Results and Provide Company Update on November 6, 2024GlobeNewswire
USIO
Earnings
- 11/6/24 - Beat
USIO
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- USIO's page on the SEC website