Will dominance of Louisiana's smaller banks in early coronavirus relief lending mean lasting change?
04/24/2020
Louisiana's smaller banks dominated lending in the first $349 billion round of the Paycheck Protection Program (PPP), accounting for the bulk of nearly 27,000 loans, according to SBA data. That provided more than $5.1 billion for Louisiana companies who can have the debt forgiven if the proceeds are used mainly to keep workers on the payroll during the shut-down.
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Paycheck Protection Program Round 2: What to expect
04/24/2020
A $484 billion stimulus package signed into law Friday ? the fourth so far in the coronavirus pandemic ? includes more than $300 billion for a small business forgivable loan program that ran out of funding two weeks after it launched with $349 billion.
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Feeding frontline healthcare workers with Feed the Front Line NOLA
04/20/2020
Partner with Front Line Nola and support our local healthcare workers.
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New pressure on lawmakers as federal coronavirus aid runs dry for businesses
04/16/2020
With $349 billion in federal relief exhausted in less than two weeks, thousands of small business owners in Louisiana and across the country are awaiting action on a $250 billion add-on to a program to help them survive the coronavirus pandemic.
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The PPP loan program is out of money. What's next?
04/16/2020
Many New Orleans-area business owners seeking federal forgivable loans will have to wait until Congress adds more money in order to apply or advance their current applications to the funding stage.
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