RICHMOND, Va. (AP)- Federal data shows that more than 86,000 loans totaling $12.7 billion have been approved for small businesses in Virginia for relief amid the coronavirus pandemic.
Figures obtained by The Richmond Times-Dispatch show that about 40,370 loans totaling $8.72 billion were approved for Virginia businesses during the U.S. Small Business Administration’s first round of Paycheck Protection Program funding.
Some local businesses in Cape Charles have received payroll/employee retention funds of over 60k.
SBA data shows that during the ongoing second round, about 46,370 additional loans totaling more than $3.97 billion were approved.
The Paycheck Protection Program was created to distribute forgivable emergency loans to small businesses to help keep workers on the job and bills paid on time.
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Thank God that President Trump was able to get this done despite the Democrat obstruction of Nancy Pelosi and Chuck Schumer. Remember then when you vote in November. The President remained in Washington and worked every day for the American people while the Democrats took a paid vacation.
Remember them? It takes voters to get them to washington. Uninformed, unintelligent voters are the ultimate problem.
Remember Them when your liberal neighbor wants to borrow something.