How PPP forgiveness loans helped local businesses in 2020 – Idaho Business Review
How the PPP helped Treasure Valley businesses weather COVID-19 In March 2020, Congress passed the CARES Act to provide $2.2 trillion in stimulus as the economy buckled under a global pandemic. The legislation included the Paycheck Protection Program (PPP), which through the Small Business Administration provided more than $525 billion in potentially forgivable loans to struggling businesses. Navigating stay-at-home orders and having little clarity around safety precautions for continued operations, many previously booming businesses were facing waves of uncertainty. Rediscovered Books, an ind...
Source: idahobusinessreview.com