Roughly 2,000 small businesses in Lowndes, Oktibbeha, Clay and Noxubee counties were approved for more than $123 million in federal loans through the U.S. Small Business Administration’s Paycheck Protection Program, according to an analysis of SBA data released Monday.
On April 3, when the Small Business Administration opened up applications for the Paycheck Protection Program, BankFirst CEO Moak Griffin didn’t see that much interest from local businesses.
Over the course of the following week, though, that began to change.
Second round of PPP starts this week: While federal loans offer help, local small businesses still face uncertain future
Since the coronavirus pandemic forced him to temporarily close Restaurant Tyler in Starkville, owner Ty Thames has been dealing with a lot of unknowns and uncertainty.
The United States Small Business Administration granted a request from Mississippi Gov. Phil Bryant to offer disaster loans to residents and business owners in Noxubee County affected by an EF-3 tornado that severely damaged parts of Shuqualak April 12.