Q&A: How small businesses are dealing with PPP, COVID : vima

Q&A: How small businesses are dealing with PPP, COVID


By
Christina Haley O'Neal, posted
Feb 4, 2021
The loan application process is ongoing for first-time and second-time borrowers in the SBA's Paycheck Protection Program until the end of March.
Businesses looking to take advantage of this latest round of funding could be part of as at least $15 billion in first-draw, and $25 billion in second-draw, PPP loans.
Many businesses in the Cape Fear region applied for and received loans when the process opened and closed last summer. 
Locally, Cape Fear Community College's Small Business Center (SBC) is one of many organizations trying to support local businesses through the COVID-19 pandemic and through the PPP process.

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