Local demand high for new, different round of PPP loans [The Bakersfield Californian]
Jan. 10 Local small businesses are about to line up again for federal dollars to help them through the pandemic, and this time the emphasis is on companies that missed out before and those classified as disadvantaged, as well as micro-businesses, membership-based nonprofits and hospitality-type enterprises such as restaurants.
Monday’s kickoff of phase three of the U.S. Small Business Administration’s Paycheck Protection Program will accept loan applications from qualified businesses and nonprofits providing they didn’t get a PPP loan last year and their paperwork is filed through a community development financial institution. These are private banks usually catering to poor or underserved communities including minorities, women and veterans.