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Friday, May 17, 2024

Second Round of Paycheck Protection Program Loans Expected Soon

Credit: WEVV
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Second Round of Paycheck Protection Program Loans Expected Soon
Second Round of Paycheck Protection Program Loans Expected Soon

The first time around, funds provided by the program helped keep some businesses, like Active Nutrition and Supplements on Vogel Road in Evansville, from having to shut down for good.

Possible..... a second dose of the paycheck protection program money will provide a lifeline for some tristate businesses.... the first time around -- the funds provided help to keep businesses like active nutrition and supplements from having to close their doors for good... "between everyone, we employ about 32 people.

So it was one of those things that really allowed us to not have to lay anyone off, allowed everyone to keep working, and allowed everything to keep going as normal..

And i think that's one of the big things that me and austin are most proud of- is that we have not had to lay one singer person off through this entire thing."

Business are eligible for a second loan up of to 2 million dollars... to qualify -- businesses must have fewer than 300 employees....hav e used or will use the full amount of their first loan -- and can show a 25% gross revenue delcine in any 2020

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