Businesses hopeful second round of PPP loans will keep them afloat : vimarsana.com

Businesses hopeful second round of PPP loans will keep them afloat


Businesses hopeful second round of PPP loans will keep them afloat
Briona Arradondo reports
TAMPA, Fla. - The new coronavirusrelief package comes with a second round of Paycheck Protection Program loans for small business owners, who hope they can stay afloat with and end to the pandemic in view as vaccines are distributed. 
Many Tampa Bay area small businesses needed a hand up in 2020 to keep their lights on and paychecks going out.
"This year has been challenging to put it very nicely," said Jeff Gigante, the owner of Forbici Modern Italian in Tampa.
Gigante said they’re trying to make up losses in the spring when business dropped 50% and they cut half their staff. But a PPP loan from the Small Business Administration at the time helped them bring everyone back.

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