More than 60,000 small businesses get Paycheck Protection loans in first week

WASHINGTON — The Small Business Administration on Friday announced that it had approved approximately 60,000 Paycheck Protection Program (PPP) loan applications submitted by nearly 3,000 lenders, for over $5 billion, between the program’s re-opening on Monday, Jan. 11, at through to Sunday, Jan. 17. Last week, the PPP provided dedicated access to community financial institutions that specialize in serving underserved communities, including minority- women- and veteran-owned small businesses from Monday thro … (read more)

WASHINGTON – The U.S. Small Business Administration is re-opening an aid program for small businesses hurt by the coronavirus pandemic. The Paycheck Protection Program will re-open the week of Jan. 11 for new borrowers and certain existing PPP borrowers. … (read more)

MONTPELIER — With the seventh month of the coronavirus pandemic approaching, the lenders who helped thousands of Vermont businesses obtain Paycheck Protection Plan loans last winter are now delving into the business of seeing those loans converted to gran … (read more)

ADDISON COUNTY — Thanks to the Payroll Protection Program (PPP), Addison County businesses have received tens of millions of dollars in assistance over the past few months, but recent data analysis at the national level has called some of that information … (read more)

ADDISON COUNTY — More than 750 Addison County employers have received Payroll Protection Program (PPP) loans totaling between $43 million and $74 million for the retention of more than 5,700 jobs, according to data released by the U.S. Small Business Admi … (read more)