New federal paycheck protection loans available
By Jim Day, Albany Democrat-Herald
Published: January 14, 2021, 6:21pm
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The $900 billion federal relief package signed by President Trump in December contains $325 billion in aid for small businesses.
The funding, part of a bill that also includes unemployment funds and stimulus checks for individuals, expands on the earlier Payroll Protection Program in that businesses who received funding in earlier iterations of the program still are eligible for the new funding.
Businesses also are encouraged to act now, said Corey Wright, a venture catalyst with Oregon Regional Accelerator and Innovation Network, or RAIN.
Wright noted that applications for first-time recipients opened Monday, while those who were previous recipients can apply starting Wednesday.