Area banks processing hundreds of payroll protection loans
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1:06
Spring storms tonight and Thursday morning
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1:44
You’ll want to trade your winter coat for a rain jacket today
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3:25
South Bend City Clerk Democratic candidates face off in debate
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2:08
Brandywine boys basketball advance into the final four after...
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1:38
Notre Dame students create mapping feature to save fuel, reduce...
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0:47
Officials meet at The Lerner to discuss Indiana tourism during...
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0:59
Rain becomes more noticeable on Wednesday
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0:27
Portage Road Walmart shutting down in the spring
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1:22
String of 50 degree days; rain showers start late Tuesday
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0:30
City holds public forum with police review board candidates
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1:59
Police investigating burglary at the Hall of Heroes
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1:41
Where does your energy come from and why does it matter?
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.