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Local Lenders Report Serving 1,500+ Businesses, Delivering More Than $260 million in PPP Round One

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Wednesday, April 22, 2020

Local Lenders Report Serving 1,500+ Businesses, Delivering More Than $260 million in PPP Round One

In a flash poll of Kankakee County lenders on Monday, the Economic Alliance learned that in the federal Paycheck Protection Program’s initial $350 billion round of emergency funding, more than 1,500 regional businesses were served, with approved loans totaling more than $260 million. According to those polled, the majority of businesses had already received a disbursement. In this initial round, businesses served employ more than 30,000 individuals.

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