With second round of PPP issued, local banks work to help businesses in need
The Paycheck Protection Program (PPP), was the biggest component of small business relief included in the $2 trillion Coronavirus Aid Relief and Economic Security (CARES) Act passed and signed into law on March 30. (See “Local banks invest in their communities” on page 5 of the April 15 Saratoga Sun.)
“It is a great program,” Scott Thayer, RNB State Bank Rawlins Market President said. “It can help our small business customers and non-profits during this unprecedented period and it was extremely popular when first put forth.”
Thayer is right.
The program proved so popular when i...
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