***Due to the Coronavirus-related orders issued by NC Governor Roy Cooper, the GCAA office is open on a limited basis. Staff will be available for drop-in visits on Tuesdays & Thursdays and are available by appointment only on Wednesdays. Staff will also be available by phone and e-mail. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

 

More PPP Funding May Be on the Way

Posted By: Wesley Masters News ,


The Paycheck Protection Program quickly depleted nearly $350 allocated for low-interest loans for small businesses under the CARES Act. Senate Republicans and Democrats have reached a deal on Tuesday for a bill approving over $480 billion in additional coronavirus relief. The bill was passed in the Senate on Tuesday afternoon, and the House could approve the bill as early as today. In addition to new funding for hospitals, testing, and SBA disaster relief loans, the new package includes $310 billion for the PPP.

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