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Local businesses and churches should consider a forgivable SBA PPP loan

Local businesses and churches should consider a forgivable SBA PPP loan

Note: This is not legal advice. If you own a business, you’ve probably already heard about the Small Business Association’s Paycheck Protection Program offering forgivable loans to “small businesses.” The program was established by the CARES Act passed by Congress and signed into law on March 27, 2020, and the SBA began accepting loan applications on Friday, April 3. As of Tuesday—just three days later—the SBA had already approved $70 billion in PPP funds via 275,000 applications. Funds are available on a first-come, first-serve basis, but it appears the government is already acting to add more funds to the program.

Grace Care Center’s Staff & Medical Director, Dr. Johnson: COVID-19 Precautions
Grace Care Center’s Staff & Medical Director, Dr. Johnson: COVID-19 Precautions

Grace Care Center’s Staff & Medical Director, Dr. Johnson: COVID-19 Precautions

“Tickled me to death and made me feel special”, “It was so very sweet”, “Made me feel awesome”, “[Just] so nice”. These were some of the various words that were said by Grace Care Center residents about the outpouring of support that has been given by the Olney Community in the wake of this pandemic.

ROMANS 8:28

“And we know that all things work together for good to them that love God, to them who are the called according to his purpose.”

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