2020 was a different kind of business year due to Covid19 with PPE, remote work, and quarantine the topics of office conversation. Whole industries and thousands of businesses were forced to shut down early on in the pandemic causing a major problem for supply chain merchants. As in other industries, fastener companies felt the immediate impact of this economic bomb. The financial fallout from this crisis led to the federal government’s Paycheck Protection Program (PPP), which is an SBA loan program that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. There are many resources about the program but for me the most important news is that companies can apply to have the loans forgiven.(…)
via Fastener Industry PPP Loans – Round 1 | Fastener News Desk.