Area banks processing hundreds of payroll protection loans
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2:38
South Bend shined bright at seventh annual Holiday Light Parade
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2:07
Snow looking more likely for Notre Dame Football playoff game
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3:03
Marshall County rejects solar plans
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2:16
ND vs. IU merch flying off of shelves
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2:36
Mild but soggy weekend ahead
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1:48
Both temperatures and rain chances increase this weekend
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2:37
Hotel costs skyrocket for ND v IU game
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0:31
A fire in South Bend leaves building ablaze
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3:11
Notre Dame v IU CFP Game Day Parking
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2:19
Notre Dame Women’s Basketball faces undefeated UConn
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3:14
Holiday miracles in Mishawaka
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1:46
Milder but wetter conditions this weekend
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.