Loans available for small businesses expereincing hardship from COVID-19

Loans available for small businesses experiencing hardship from COVID-19

Administration paycheck protection program.xxx it's not everybody, but almost every business owner in the united states right now has the equivalent of a lottery ticket in their pocket.

It allows businesses to get through this difficult time while thy try to stay afloat during the coronavirus pandemic and to continue paying their employees.

It's all a part of the small business adminstration' s paycheck protection program... a 349 billion dollar stimulus package geared toward small businesses in your community with less than 500 employees that has encountered a hardship from covi?19.

This loan is available to almost every business in the united states so that money will be used up at some point so there's kind of a race to try to get these loans applied for and funded.

Tyler coleman?

The vice president at sterling state bank in rochester says it's a forgivable loan.

If you use the money correctly as they want you to then after eight weeks you prove that you've used the money correctly and the sba and the federal government are actually going to forgive that loan or a portion of it.

In other words... keep your payroll, utilities, rent, and mortgage interest the same and you could end up oweing little to nothing.

With such favorable terms... the money is going fast.

Sterling state bank has already aided local businesses in excess of 30 milliion dollars since friday.

And don't worry?

They're working around the clock to insure that you and your business can still thrive.

We've been working here out of one of coleman told me that his biggest concern right now is not enough businesses know about this and are passing up on free money./// thanks kaleb.

You can find how to apply for one of these loans.

The info posted on our website with this story under the local