Banking on local business
With second round of PPP issued, local banks work to help businesses in need
May 6, 2020
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...