paycheck protection program

Over 33 Thousand Minnesota Small Businesses Approved for Forgivable Loans

Sen. Tina Smith says more work has to be done to address the funding shortage for loans.

MINNESOTA, As stimulus checks begin rolling out, additional help through forgivable loans have been awarded to over 33,819 Minnesota small businesses as of Monday. The Paycheck Protection Program (PPP) grants loans to small businesses as part of the Stimulus Package. The loans are forgivable to businesses who retain or rehire their workers. Senator Tina Smith (D), who helped pass the…