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South Mississippi businesses discuss Mississippi minimum wage

South Mississippi businesses discuss Mississippi minimum wage
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Second round of Paycheck Protection loans now available


Second round of Paycheck Protection loans now available
Second round of Paycheck Protection loans now available
By Chancelor Winn | January 11, 2021 at 8:11 PM CST - Updated January 12 at 7:15 AM
PASCAGOULA, Miss. (WLOX) - Small businesses can start applying for new Paycheck Protection Program loans as a part of the latest COVID-19 relief package, which includes $284 billion for additional lending to eligible businesses.
This week, Merchants and Marine Bank President and CEO Clayton Legear said only first-time Paycheck Protection Program loan applicants that experienced a quarterly revenue loss of at least 25% in 2020 will be eligible to apply.
“You can look at any corner. Quarter one of ’19 to quarter one of 2020 or any other quarter thereof, and if you’ve seen a drop in your income of over 25%, you would qualify for round two,” Legear said. “So that means a second chance for many businesses who may not have been allowed to access round one.” ....

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