More than $1 billion in loans to small businesses across West Virginia has been approved, according to the U.S. Small Business Administration.
Through the recent coronavirus relief bill, called the CARES Act, Congress set aside $350 billion in forgivable loans as an incentive for small businesses to keep employees on payroll for the emergency period.
As of Tuesday morning, $1,054,712,000 in loans was approved for 5,211 small businesses in the Mountain State through the Payroll Protection Program...
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