Business, News

PPP helps 425 area companies, saves 20,000 jobs

The Small Business Administration released a listing of the Paycheck Protection Program (PPP) loans it made in excess of $150,000, including 425 loans made to businesses in the Item circulation area.

The list identifies four local companies that received between $5 million and $10 million and 10 companies that took down $2 million and $5 million each. 

Thirty more companies borrowed between $1 million and $2 million, and another 109 companies got between $350,000 and $1 million.  Borrowers cover the full range of local business types, including restaurants, profe…

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