KSL TV
5PM: Second round of Paycheck Protection Program
KSL TV
SALT LAKE CITY — Banking experts are encouraging Utah's small businesses to look into applying for the new round of Paycheck Protection Program forgivable loans.
"We want to make sure that every small business in Utah comes out of this pandemic in a strong position," said Howard Headlee, president of the Utah Bankers Association.
Headlee said it's especially important that restaurants and hotels look into securing a second or first loan if they didn't participate the first time.
"Utah is a tourism and hospitality-driven state," Headlee said. "They've been hit the hardest, and this round, we can actually give them more money, so it's critical that they reach out to their bank and get going on this process so that they can get this kind of support."