Trevor Baker, Co-owner/Founder of Active nutrition and supplements says the paycheck protection program, a forgivable loan program, established by the CARES act, helped his business.
Dose of federal dollars will provide a lifeline for some tri--state businesses.
44news reporter ella shemwell spoke with one local business owner-- she has that story for us -- new at six "it allowed us to not lay anyone off, allowed everyone to keep working" trevor baker------ co-owner of active nutrition and supplements says the paycheck protection program, a forgivable loan program established by the cares act.
Helped say his business.
"it thinks one of the biggest responsibilities a business owners has is not to the building, not to the business itself, i think its to the people you employ" now 284 billion dollars is available to businesses like baker's once gain.
"i do know theres a lot of business out there that need it, were still steady, paying the bills, and we haven't had to lay anyone off" business are eligible for a second ppp loan up to $2 million... to qualify-- the business must meet the following requirements... 300 or fewer employees... have used or will use the full amount of their first ppp loan... and can show a 25% gross revenue delcine in any 2020 quarter compared with the same quarter in 2019 after the first round of the paycheck protection program got this business back on their feet -- this small business owner says applying for the second round is still up in the air.
Even with the ppp, did me and austin take a pay cut?
Yes, we took a giant pay cut.
But at the end of the day it was worth it because it allowed our employees to keep working."
If your business was rejected the first time or didn't receive any funds, you do have a chance to apply again.
In evansville, ella shemwell, 44news "it allowed us to not lay anyone off, allowed everyone to keep working" trevor baker------ co-owner of active nutrition and supplements says the paycheck protection program, a forgivable loan program established by the cares act.
Helped say his business.
"it thinks one of the biggest responsibilities a business owners has is not to the building, not to the business itself, i think its to the people you employ" now 284 billion dollars is available to businesses like baker's once gain.
"i do know theres a lot of business out there that need it, were still steady, paying the bills, and we haven't had to lay anyone off" business are eligible for a second ppp loan up to $2 million... to qualify-- the business must meet the following
As business begin apply for the second round of COVID-19 relief funding, federal investigators continue to uncover alleged fraud..
