Many southwest Virginia business owners not taking advantage of available PPP money
Round two of PPP money is available until the end of March
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There is still CARES Act money available for businesses struggling to pay their employees, but many in southwest Virginia aren’t taking advantage of it.
Due to demand, many missed out on the first round of the Paycheck Protection Program, or have already spent what they received last year. A second round, dubbed PPP2 rolled out in mid-January.
“We are concerned because we aren’t seeing a lot of people take advantage of it this second round. We know that there are businesses out there that need it, that can use it and we are here to help them do that,” Forrester said.