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Banks Helping Businesses with Paycheck Protection Program

Banks Helping Businesses with Paycheck Protection Program

Photo: WNAX


Congress last week added another two hundred fifty billion dollars to the Paycheck Protection Plan for businesses.

Rob Stephenson, President and C.E.O. of First Dakota National Bank based in Yankton, says the initial rules were aimed at businesses with employees…

Stephenson says they reached out to businesses that could qualify when the program was first announced…

Stephenson says it’s a hard time for a lot of businesses now….

Stephenson says rules and regulations for the loan program are still being written with few clear guidelines.

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