Small Business Association Paycheck Protection Program Reopens Today

Press release from the Village of Channahon:

Jan. 13, 2021

Another round of the PPP (Paycheck Protection Program) is available starting today, Wednesday, January 13, 2021. The program is available for new borrowers and certain existing PPP borrowers. Hard-hit small businesses, such as restaurants, will be able to receive a second forgivable PPP loan if they have 300 or fewer employees and have suffered at least a 25% gross revenue loss in any quarter of 2020 relative to the same quarter in 2019. More information can be found here (link).

This press release was produced by the Village of Channahon. The views expressed here are the author’s own.