SBA continuing to provide help during pandemic

The U.S. Small Business Administration continues to aggressively move forward in assisting small businesses and nonprofit organizations adversely affected by the devastating impact of coronavirus and the illness it causes, COVID-19, in Region 8 and across the nation.

As of (Tuesday), 1,035,086 Paycheck Protection Program loans valued at nearly $248 billion dollars from 4,664 lenders have been approved nationwide.  We are less than two-and-a-half weeks into the process of administering this massive economic recovery program which will help thousands of small businesses pay their employees during these turbulent times. 

I am very grateful to the hundreds of banks, credit unions and farm credit institutions in Region 8 that have made this program work. As I’ve stated previously, by joining forces, and leveraging the power of private industry, the Paycheck Protection Program is working and providing the businesses with the capital and certainty they need to retain their employees and continue serving our communities. 

All of us understand the enormity of the stress small business owners are feeling right now not only for their families, but also for their employees.  Please be assured that we will all get through this difficult situation united as a nation, and that the SBA will do its part to make the economic recovery effort a success.

For additional resources, small business owners are encouraged to visit http://www.sba.gov/coronavirus, and please remember to follow us

@SBArockymtn.

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Dan Nordberg is the administrator of Small Business Administration”s Region 8 based out of Denver.