Dennis Jansen Shares About PPP Loan Forgiveness on KXXV
Oct 19, 2020
Summary: Dennis Jansen was interviewed as part of a story on the Small Business Administration’s (SBA) plan to forgive a portion of Paycheck Protection Plan loans that aired on Friday, October 16, 2020 on KXXV news.
The Paycheck Protection Plan was part of the federal stimulus package under the CARES Act that distributed loans to businesses to help keep them afloat during businesses closures caused by the coronavirus pandemic. The loan could be used for rent, mortgages, payroll and utilities.
In College Station-Bryan, 1,306 loans were distributed that were less than $150,000.
“There were also only 178 loans that were greater than $150,000. I can only give you a range, [but] there was something like $60 to $160 million lent to those 178 businesses. So those 178 businesses received more money, substantially more, in aggregate, than the 1,300 businesses who took out small loans,” said Jansen.
The deadline to file for loan forgiveness is October 31, 2020.
to see the full interview on KXXV news.