Small business owners hope to secure PPP loans – About Your Online Magazine

Click here for updates on this story

ASHEVILLE, N.C. (WLOS) – Another round of loans is available to small businesses that are struggling due to the COVID-19 pandemic.

“As soon as I heard there was going to be another round, I definitely notified my bank and said, ‘put me on the list,'” said Hazel Twenty owner Lexi DiYeso.

She was one of hundreds of local entrepreneurs who received financial aid at the beginning of the pandemic.

His company received about $ 20,000 last summer. She said the money was used to keep employees up to date and make improvements to the online store.

“It was good,” said DiYeso. “It supported us over the summer.”

Registration for Pay Check Protection Program (PPP) loans opened on Monday.

A Mountain BizWorks spokesman said he hopes to relaunch the PPP Loan Program process next Monday.

“This is a completely renewed round of financing for local and small businesses,” said Corey Atkins, of the Asheville Chamber of Commerce.

He said that those who have received PPP funds in the past are eligible for the second round.

Those who qualify can use funds for expenses like payroll, utilities and operating costs used to keep people safe.

“As you can see, we have the banks marked,” said Funeral Home manager Scott Groce.

He said business increased during the pandemic. Groce said the funeral home attended about 75 more families this year than last year.

Groce said the fight is adapting to the constant changes in restrictions and costs associated with sanitation.

“The real PPE that our people use when going to help families that died from COVID, are expenses for which we were not prepared,” said Groce.

DiYeso said that loans are coming in at a good time, considering that business normally slows down during the winter months.

“Winter is notoriously a slower period in retail and, especially, it brings a pandemic, we are all a little nervous,” said DiYeso.

The chamber of commerce will hold a virtual city hall meeting on Thursday to answer questions about PPP loans.

Note: This content contains a strict local market embargo. If you share the same market as the contributor to this article, you will not be able to use it on any platform.

Paula Fonseca