Area banks processing hundreds of payroll protection loans
-
3:16
Morris Theater preparing to celebrate 100-year anniversary
-
0:30
Michigan City firefighters investigate cause of abandoned house...
-
4:41
Dr. Fox discusses the president’s newest COVID vaccine rollout...
-
2:00
Ice, warm temperatures to blame for Michiana’s low snow totals
-
2:02
Cold and quiet end of the week, another weekend storm
-
2:25
Berrien Co. Health Dept. vaccinates 1,300 Tuesday
-
2:30
MDOT representative gives live update on road conditions
-
1:59
Light morning snow then flurries possible
-
1:54
MDOT crews prepare for winter storm
-
2:16
Berrien County in need of volunteers with vaccine efforts
-
2:26
South Bend school district releases plan for closing, consolidating...
One of the stimulus programs helps small businesses stay open and keep their employees during the COVID-19 pandemic.
In Berrien County, 1100 small companies have been approved for $230 million in payroll protection program loans, according to The Cornerstone Alliance in Benton Harbor.
If spent on things like rent, mortgages or employee wages--most of the loans will be completely forgiven.
Terry O'Rourke, of United Federal Credit Union, says these loans will be a lifeline for some businesses.
"It's huge! They are able to keep their workers employed, that's a lot of paychecks saved. Giving them a lifeline during this very difficult time will help them keep their doors open," O'Rourke said.
O'Rourke says his credit union has already processed 425 applications for more than $40 million and he encourages all small businesses to reach out to their bankers.