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.
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.
The best five borrowers in the county were Thomas & Hutton, $5,266,200 Terminal Investment Corp., $5,140,958 Lummus Corp., $4,123,100 Southside Communities Fire Safety Inc., $3,113,918, and MacAljon Inc., $3,047,456.
Alongside one another the loans helped these 5 companies keep just more than 1,500 positions.
In accordance to the info, there is $54,630,892 in financial loans that haven’t been disbursed in Chatham County.
In neighboring Bryan County, 1,112 loans have been accredited for a overall of $50,555,642. Firearm company Daniel Defense acquired the highest mortgage amount of money, totaling just above $3 million.
In Effingham County, 1,194 financial loans were accredited for a total of $50,409,351. Effingham Healthcare facility gained the highest personal loan quantity, totaling $4,152,600.
There is about $5.9 million in loans across Bryan and Effingham counites that haven’t been disbursed.
Katie Nussbaum is the metropolis and county government reporter for the Savannah Morning Information. Get in touch with her at [email protected]. Twitter: KmartSMN