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Businesses, lenders in Clark County days away from ‘second draw’ of Paycheck Protection Program loans Published: January 17, 2021, 6:00am Share: Local banks are preparing for the full-scale rollout of a new round of Paycheck Protection Program loans this week, which will deliver a fresh round of cash to beleaguered Clark County businesses. The $900 billion federal COVID-19 relief bill passed in December included $284 billion to reopen the program. The low-interest loans, which are supplied by financial institutions and guaranteed by the U.S. Small Business Administration, are intended to help small businesses survive the worst of the pandemic while keeping their staff employed. They can be partially or fully forgiven if the funds are spent on specific expenses primarily payroll costs.

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