Small businesses wade through loan process

"We are going to be able to transition some of our staff come back in, what that looks like is still kind of taking shape and we're going to continue to evolve it as need be."

Isolation.

Corona stinger the feds are scrambling to get more funding for small businesses after the paycheck protection program ran out of money.

Congressional leaders and the trump administration are negotiating an aid bill worth nearly 500 billion dollars.

Kimt news 3's isabella basco is finding out how this is impacting rochester.

Isabella?

George and katie?

Caé steam is one of thousands of businesses in minnesota that applied for a loan via the paycheck protection program.

While they successfully got their loan... the future looks unclear for many entrepreneurs .

310 billion dollars.

That's what the feds put on the table for the paycheck protection program.

William forsman, c?

Owner of caé steam, says the cafe got its loan approved last week.

"we are going to be able to transition some of our staff come back in, what that looks like is still kind of taking shape and we're going to continue to evolve it as need be."

Rochester area chamber of commerce president kathleen harrington encourages business operators to establish supportive business relationships now.

"we're advising all of our members you get to know a banker now, establish a business relationship so in when that next trench comes through, you are able to apply with someone who knows you somewhat and you can get that done quickly."

Forsman has suggestions for his fellow business owners when it comes to dealing with banks.

"each bank is going to have different requirements for how you can apply for that loan and how those loans are issued, and the percentage at which the interest rate is associated with it even though it is forsman tells me he's aiming to bring back 10 ful?time employees based on the amount of the loan they applied for.

But caé steam is also hoping to cycle in more par?time people.

Live in rochester ib kimt news 3.

Thanks isabella.

The bill also includes 75 billion dollars in funding for hospitals