The Payroll Protection Program has helped local employers keep hundreds of employees paid.
That is according to local bankers in DeWitt County who tell Regional Radio News the program has been a huge success locally. Josh Shofner is the President of First National Bank in Clinton and says they were able to issue a total of 29 small businesses and $2.1-million for over 250 employees.
According to Lance White, Executive Vice President at the State Bank of Lincoln in Clinton, the Small Business Administration put together this program in about a week when it normally would take about a year. He says even though there was a lot of volume upfront, they helped hundreds of employees to the tune of millions of dollars in DeWitt and Logan Counties.
As the federal government gets ready to add more funds to the program as soon as Thursday, both bankers encourage local businesses to reach out to them to take advantage of the additional funding that is likely to become available.
Reach the State Bank of Lincoln at 217-935-3144 in Clinton and at 217-735-5551 in Lincoln.
Reach First National Bank in Clinton at 217-935-2148.