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Nearly 2,000 Paycheck Protection Program loans were approved in Effingham County since the launch of the federal program last year. According to data released by the U.S. Small Business Association, 1,194 loans totaling $50,409,351 went to businesses across the county since last year.
Initially included in the Coronavirus Aid, Relief, and Economic Security Act, the program ended on May 31 after several extensions. The funds were available to businesses and organizations that employ fewer than 500 people and could be used for rent, utilities, mortgage interest and payroll.
The top industries in Effingham that received loans include retail, healthcare and social assistance; construction and transportation and warehousing.
Difference Makers: Elm is hoping to lead the way for Savannah s growing base of Black entrepreneurs.
Savannah Morning News
Wearing pearls and chucks in support of fellow Howard University grad and Vice President Kamala Harris, Ashley Elbi Elm walked past the potential location of The Culturitst Union coffee shop geared towards Black creators and entrepreneurs.
Slated to open tentatively this summer, and hopefully on the corner of 35th and Bull Street, Elm smiled from ear to ear while construction workers worked in the background cutting pieces of wood. Savannah is ripe and ready for this, Elm said.
The Culturist Union