September 22, 2023

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Far more than $700 million in PPP financial loans approved for Chatham businesses

Almost 14,000 corporations throughout Chatham County obtained guidance from the Paycheck Protection System, according to information produced by the U.S. Tiny Company Administration. The 13,534 PPP financial loans accepted in the county totaled additional than $774 million.

Launched final year in the Coronavirus Support, Reduction, and Economic Stability Act, the application ended on Could 31 after numerous extensions. The cash were available to businesses and businesses that use fewer than 500 persons and could be used for rent, utilities, property finance loan curiosity and payroll.

Database:Who in Chatham County received PPP financial loans all through the pandemic?

In Chatham, the leading industries that received the most PPP financial loans involve transportation and warehousing accommodation and foods products and services experienced, scientific and technical companies and retail. 

The greater part of financial loans authorized, 6,235, ranged from $10,001 to $25,000 there ended up 3,598 loans approved for fewer than $10,000 and 78 loans were being for far more than $1 million. | Newsphere by AF themes.