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Loans Online – Deadline approaching to apply for Paycheck Protection Program loans

MINOT, N.D. – Time is running out to apply for a Paycheck Protection Program loan.

The federal government began the program at the start of the pandemic as an incentive for small businesses to keep their workers on the payroll.

Businesses with 500 or fewer employees that meet the program’s new limited criteria may apply.

The deadline is May 31.

“I suppose we did $50 million worth of loans at least it was a big help for our clients,” said  United Community Bank Senior Vice President Roscoe Streyle.

More than $500 billion has been loaned out since the program started.

Much of the money for that program has already been distributed.

Copyright 2021 KFYR. All rights reserved.

Loans Online – Deadline approaching to apply for Paycheck Protection Program loans

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