Area banks processing hundreds of payroll protection loans
![](/images/abclogo_gray.png?x)
-
0:54
Still feeling like fall Sunday before summer returns
-
5:04
Growing pains, hard work, and winning on an elite level
-
6:14
New voice of Notre Dame Football, Tony Simeone, and Super Bowl...
-
5:28
Manti Te’o and Director of Fitzgerald Institute for Real Estate...
-
3:27
ABC57 Kickoff’s LeVon Whittaker gets the scoop on Holtz’s...
-
7:16
Manti Te’o sits down with the ABC57 Kickoff Team
-
4:18
ABC57 Kickoff spoke with Andy Garcia, play-by-play voice for...
-
3:16
Fighting Irish football fan attends first game at 89 years old
-
3:15
Coach Freeman one-on-one, biggest win of career over Texas A&M
-
3:35
Tabor Hill Winery keeps the drinks flowing with large selection
-
3:58
One-on-one with former Notre Dame defensive tackle Kurt Hinish
-
5:25
Notre Dame offense clicks at the right time
One of the stimulus programs helps small businesses stay open and keep their employees during the COVID-19 pandemic.
In Berrien County, 1100 small companies have been approved for $230 million in payroll protection program loans, according to The Cornerstone Alliance in Benton Harbor.
If spent on things like rent, mortgages or employee wages--most of the loans will be completely forgiven.
Terry O'Rourke, of United Federal Credit Union, says these loans will be a lifeline for some businesses.
"It's huge! They are able to keep their workers employed, that's a lot of paychecks saved. Giving them a lifeline during this very difficult time will help them keep their doors open," O'Rourke said.
O'Rourke says his credit union has already processed 425 applications for more than $40 million and he encourages all small businesses to reach out to their bankers.