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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.
Deseret News
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Marci Rasmussen, owner of Especially For You Your Downtown Florist, works on a floral arrangement at her shop in Salt Lake City on Tuesday, Jan. 12, 2021. Rasmussen applied for Paycheck Protection Program funding during the first round of stimulus last year to keep her business afloat and will also apply for the latest round of funding.
Scott G Winterton, Deseret News
SALT LAKE CITY Last year, when the COVID-19 outbreak initially struck, Marci Rasmussen’s downtown floral shop was one those businesses that felt the direct impact.
“I immediately laid everybody off,” she said. That meant all but one of her 15 employees.