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Friday, May 3, 2024

Congress works toward passing second coronavirus relief package

Credit: WYFF
Duration: 02:06s 0 shares 1 views

Congress works toward passing second coronavirus relief package
Congress works toward passing second coronavirus relief package

Small businesses will be able to apply for the Paycheck Protection Program once its extension is passed.

TOWNVILLE WITH THE STORY.TAGGART: SENATOR LINDSEY GRAHAMHAS SAID THESE SECOND ROUND OFLOANS NEED TO PRIMARILY GO TOTHESE SMALL BUSINESSES.WE’RE TALKING ABOUT THETOWNVILLE CAFE IN TOWNVILLE.THEY’VE BEEN DOING WELL THANKSTO COMMUNITY SUPPORT, BUT STILLOOKING FOR A LITTLE BIT OF HELPFROM THE GOVERNMENT.FEDERAL LAWMAKERS ARE SCRAMBLINGTO PASS ANOTHER RELIEF PACKATHIS WEEK.ABOUT $310 BILLION SET ASIDE FORTHE PAYCHECK PROTECTION PROGRAMKNOWN AS THE PPP, LOANS INTENDEDTO HELP SMALL BUSINESS.AND BEFORE THE FUND RAN DRY ONTHURSDAY, A GOOD NUMBER WENT TOCHAIN BUSINESSES.SEN.

GRAHAM: MY FOCUS IS ON MAINSTREET, THESE MOM AND POPBUSINESSES.THESE BIG CHAINS, THEY HAVE THEABILITY TO BORROW MONEY AND DOTHINGS WHERE THEY DON’T NEED TLOAN.TAGGART: AND IF NOT FOR STRONGCOMMUNITY SUPPORT -- KRISTINHUGHES WOULDN’T BE SERVING HERMOUTH-WATERING BURGERS.

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