- July 13, 2021
- Posted by: Stratford Team
- Category: Business
The Paycheck Protection Program was first unveiled as part of the CARES Act last March as a way to help affected businesses get through the initial stages of the COVID-19 pandemic.
Within two weeks of the program’s start, the $349 billion was exhausted, prompting a second round of PPP loans totaling $320 billion to become available. In December, funding for a third round added $284 billion to the program. In all, $800 billion was disbursed across more than 11.8 million loans to small businesses in the United States. In New Hampshire, 16,617 loans were approved during the three rounds according to data compiled by the Small Business Administration totaling more than $1.15 billion.
Roedel Companies in Wilton, which owns and operates 10 hotel properties in New Hampshire and other New England states, as well as New York and Florida, was one of the many local companies to receive funding through the Paycheck Protection Program and something Chief Financial…
