PPP

(Justin Hicks/IPB News)

After months of asking for a new round of Paycheck Protection Program (PPP) loans, Congress passed a bill to finally offer some small businesses financial help. The $900 billion COVID-19 relief bill gives hope to small business owners trying to survive through the pandemic.

(Samantha Horton/IPB News)

A majority of Hoosier manufacturing companies surveyed this year said the effects of the pandemic on their business have been serious – but they expect to ride it out.

(Justin Hicks/IPB News)

The Indiana State Department of Health reported 68 additional confirmed deaths over the last week, bringing the state’s total to 3,140. The state announced more than 99,000 total confirmed cases – including two days with more than 1,000 reported cases – and more than 1.5 million Hoosiers tested.

(Justin Hicks/IPB News)

Congress continues to debate next steps on federal assistance for small businesses and individuals. An advocacy group says more needs to be done to help many Indiana shops survive.

(Lauren Chapman/IPB News)

The Indiana State Department of Health reported 67 additional confirmed deaths over the last week, bringing the state’s total to 2,567. The state announced more than 51,000 total confirmed cases, with more than 564,000 Hoosiers tested.

(Justin Hicks/IPB News)

The Paycheck Protection Program (PPP) created to help small businesses in response to the coronavirus is set to expire Tuesday. According to some advocates, most businesses owned by people of color did not get the chance to take full advantage of the program.

Restrictions On PPP Loan Conditions Eased

Jun 9, 2020
(Wikipedia Commons)

The Small Business Administration outlined changes made after President Trump signed the Paycheck Protection Program Flexibility Act into law on June 5. 

The law provides relief for small businesses forced to close during the COVID-19 pandemic.

Under the original legislation, 75% of loan money had to be spent on payroll. That number has been reduced to 60%. 

(Lauren Chapman/IPB News)

The state announced a grant program to help small businesses that weren’t able to secure funding from the federal Paycheck Protection Program. 

(Photo courtesy of Adventureglass)

Dan Thystrup is the owner of Adventureglass and has been making paddle boats for about 25 years. They’re used in recreational parks all over the world.

https://www.facebook.com/RepJackieWalorski/photos/a.466879130037549/466879136704215/?type=1&theater

The U.S Small Business Administration began accepting applications again Monday morning for the Paycheck Protection Program. Representative Jackie Walorski answered questions from Michiana residents via Zoom about the loan program.

Justin Hicks/IPB News

The Indiana State Department of Health reported 45 additional deaths Thursday, bringing the state’s total to 706. The state announced more than 13,000 total confirmed cases, with more than 72,000 Hoosiers tested.

Screenshot of Zoom call

U.S. Sen. Todd Young (R-Ind.) says the federal Payment Protection Program, or PPP, funding is meant for small businesses – and big companies that received some of the money should return it.