ORLANDO, Fla. – Two College Park business owners said they were both approved for the federal Paycheck Protection Program before the money ran out for the first round, believing it was because they applied through small, local banks.
The Paycheck Protection Program, also known as the PPP, is a federal loan that can be forgiven for businesses to cover their payroll and keep employees on staff during the COVID-19 pandemic. [RELATED: Hundreds of local businesses claim emergency bridge loan before funds run out | Orlando business receives much-needed funds during coronavirus pandemic] Julie Casey, the owner of the Outpost Neighborhood Kitchen, said one of her regulars connected her with an accountant who recommended she apply for the PPP