SBA under fire for handling of COVID-19 response

With small businesses across the U.S. threatened with permanent closure due to COVID-19 interruptions, the U.S. government set aside $349 billion for the Paycheck Protection Program (PPP).

Administered by the Small Business Administration (SBA), these loans were meant to keep small businesses afloat and workers in their jobs. Small businesses could apply for the loan based on evidence of their actual payroll costs, and the loans would later be forgiven so long as the funds were expended on allowable uses, mainly paying employees.

 

 

Read the full article in the May 7 issue of Navarre Press.
Visit navarrepress.com/subscribe to view subscription options –
or click here to sign up to receive a digital subscription to Navarre Press for 30 days free.

Contact Us

Navarre Press

7502 Harvest Village Ct.
Navarre FL 32566

info@navarrepress.com
850-939-8040

Social Connections

Sign Up for Our Newsletter

Your Name

Your Email

Search in Site

You must be logged in to post a comment Login