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New $284 billion PPP round starts Monday with a more targeted approach


New $284 billion PPP round starts Monday with a more targeted approach
The new pot of money sets aside $60 billion for businesses that haven’t been able to access the process so far, and it focuses on companies with 10 or fewer employees or those in low-income areas.
A new round of Paycheck Protection Program money will start becoming available to select lenders and borrowers on Monday, according to senior administration officials.
Community financial institutions approximately 10% of eligible lenders will be able to start accepting loan applications Monday for entities seeking their first PPP loans. On Wednesday, those same lenders can begin processing second-round loans for small businesses and nonprofits that have already used up their first loan, the officials said on a call with reporters Friday. The lending portal will be available for other eligible lenders and borrowers shortly thereafter. ....

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The top business stories of 2020 in southern Aroostook (Part 1)


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Tammie Mulvey, right, is the new owner of Chadwicks Florist in Houlton. For 112 years, Chadwicks Florist has served the floral needs of southern Aroostook County. With Mulvey is former owner Amanda Linscott, who will be staying on with the company for the next year. (Joseph Cyr | Houlton PIoneer Times)
Tammie Mulvey, right, is the new owner of Chadwicks Florist in Houlton. For 112 years, Chadwicks Florist has served the floral needs of southern Aroostook County. With Mulvey is former owner Amanda Linscott, who will be staying on with the company for the next year. (Joseph Cyr | Houlton PIoneer Times)
The top business stories of 2020 in southern Aroostook (Part 1) ....

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'My kitchen is my deer stand' and other Texas quotes of the week


‘My kitchen is my deer stand’ and other Texas quotes of the week
Sid Miller on COVID-19, Matthew McConaughey on armadillos, and honey bees on murder hornets
Kennard huntress Virginia Luce with the Houston County 11-pointer she bagged from her kitchen window on Nov. 8. Luce, 80, dropped the buck with one shot from her .243 at 175 yards. The deer has been gross scored at 160 2/8 B&C.(Photo courtesy of Virginia Luce)
“I do all my hunting from the house now.
My kitchen is my deer stand. We take the screen off one of the windows every fall. I can see a pretty good ways from there.” ....

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PPP loans put $13.7 billion into the North Texas economy? Here's who benefited from the stimulus program


PPP loans put $13.7 billion into the North Texas economy? Here’s who benefited from the stimulus program
More than 128,000 local businesses benefited from the Payroll Protection Program.
Deb and Scott Dodson, owners of Hilltop Lanes in Waxahachie, received a $63,240 Paycheck Protection Program loan from the federal government to help get their business ready to roll again.(Vernon Bryant / Staff Photographer)
Deb and Scott Dodson were out of options last spring at their Waxahachie bowling alley, Hilltop Lanes, after being shut down more than two months when the COVID-19 crisis swelled in Texas and nationwide.
Banks weren’t lending. They told their 20 employees to collect unemployment checks until the bowlers could come back. ....

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