April 2 — CONCORD – The New Hampshire district office of the US Small Business Administration today announced that it has taken a significant step forward in its partnership with participating lenders to provide 12,000 Paycheck Protection Program (PPP) loans for no amount. precedent of $ 1 billion since the federal government relaunched the P3 in January 2021 for small businesses, nonprofits and faith-based organizations. Combined with the 2020 results, over 37,000 PPP loans have been approved for nearly $ 3.6 billion in NH since the program began on April 4, 2020.
“The implementation of the Paycheck Protection Program at these levels was only possible thanks to the strong commitment of NH’s credit institutions who have worked tirelessly with the SBA to provide this vital economic aid to small businesses in NH, ”said Amy Bassett, district director for the SBA. for NH. “Countless business owners have told us that the program is essential to the survival of their business and prepares them for future growth.
On March 30, when President Joe Biden enacted the PPP Extension Act of 2021, extending the paycheck protection program for an additional two months until May 31, 2021, then granting an additional 30 days for the SBA to dealing with requests that are still pending, Administrator Isabella Casillas Guzman, head of the US Small Business Administration, said:
Today, President Biden sent another strong message to the more than 30 million American small business owners negatively affected by the pandemic: The help is here. By signing the PPP Extension Act of 2021 and the American Rescue The President’s Plan Act provides critical relief for the smallest of small businesses – the mom-and-pop stores that line our main streets and sustain our local and regional economies.
“The leadership of the Biden-Harris administration, together with the leaders of the House Small Business Committee, President Nydia Velázquez, and rank member Blaine Luetkemeyer, Representatives Carolyn Bourdeaux and Young Kim, and Chairman of the Senate Committee on Small Business and Entrepreneurship, Ben Cardin, and Senators Jeanne Shaheen and Susan Collins assured a strong bipartisan vote to extend this vital relief to hard-hit small businesses. The SBA remains committed to reaching the hearts and souls of the country’s urban, rural and low-income communities – the smallest businesses – and breaking down barriers to accessing this vital aid. “
For more information on SBA loan programs, financial aid, and other services, visit www.sba.gov.