Payroll Protection Program Receives More Funds

The initial Payroll Protection Program funding that was appropriated through the CARES Act ran out about two weeks after it was established and recently, more funds were allocated to the program. First Federal Bank and Trust Senior Vice President Commercial Lending Officer DJ Dearcorn shared the details.

Dearcorn continued on to explain how the program will decide who gets the funding.

The date that the program will be ready for more applications is not known at this time but Dearcorn advised those interested in receiving the funds to check the website related to the program. To learn more, follow this link https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses.