$1.4B In Small Business Loans Approved In Alabama
Credit: WAAY ABC Huntsville, AL
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New information... the alabama bankers association says the state has approved about 1.4 billion dollars in small business loans during the second round of the paycheck protection program.
The state approved about 27 thousand loans and there's still money left!
The program experienced some technical issues at first.
But officials say that issue is now fixed.
Scott latham/ alabama bankers association "a number of banks, some in your market, were working 24/7, literally three shifts to try to find a time that maybe the system wasn't so challenged in terms of getting things uploaded.
That has smoothed out."
About 20 percent of the money is still available... so if you're a small business owner, you should apply as soon as possible.
Around 2 million people in alabama received their stimulus checks.
Payments were worth around 3.4 million dollars!
In total, almost 130 americans got more than