Dacotah Bank explains Paycheck Protection Program loans


The federal government’s Paycheck Protection Program is offering $350 billion in loans designed to help small businesses weather the COVID-19 pandemic. The program has attracted widespread interest, but it’s also raised plenty of questions from both borrowers and lenders. Galen Van Otterloo, a Business Banker with Dacotah Bank, helps answer some of those questions. The program was created by the 2.2 trillion dollar stimulus bill that, among other things, is trying to throw a lifeline to small businesses that need money now, before the coronavirus outbreak permanently closes their doors.

Stay up to date on all of the COVID-19 related resources and solutions covered on KELOLAND Living.
An error has occurred, which probably means the feed is down. Try again later.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KELOLAND Living Hosts & Producers

Continuing The Conversation
See Full Weather Forecast

Trending Stories

Don't Miss!

More Don't Miss