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Share this article Share this article OXFORD, Mich., May 6, 2021 /PRNewswire/ Oxford Bank announced today that it has processed 1,951 loans totaling $342,203,867 under the Small Business Administration s Paycheck Protection Program (PPP) to help local small businesses support payroll and related costs, saving approximately 20,000 jobs within Southeastern Michigan. The average loan size was approximately $175,400. The PPP, which was originally launched on April 3 to address economic challenges caused by the COVID-19 pandemic, provides forgivable, government-guaranteed loans for the nation s small businesses, which account for roughly 48 percent of the U.S. workforce. Oxford Bank - Oxford, MI (PRNewsfoto/Oxford Bank Corporation) As relationship bankers and dedicated members of this community, we are doing everything we can to protect the vibrancy of our small businesses, which serve as the economic engines for our local economy, said David Lamb, President and CEO of Oxford Ban

United statesRebeca romero raineyCommunity bankers of americaOxford bankOxford bank corporationCommunity bankersAmerica presidentRomero raineyOakland countyLake orionOakland townshipIndependent community bankersMain streetsஒன்றுபட்டது மாநிலங்களில்ரெபெக் ரொமெரோ மழைசமூக வங்கியாளர்கள் ஆஃப் அமெரிக்கா