Left Hand Valley Courier - All Local, All The Time

The scramble for small business loans goes on

 

April 29, 2020

Karen Copperberg

Old Oak Coffeehouse in Niwot in one of several small local businesses that has sought financial assistance during the pandemic.

Timing and relationships have been key to the success of several local small businesses that received loans in the first round of funding from the federal Paycheck Protection Program (PPP). The $350 billion fund dried up within days, leaving some businesses empty handed and hoping to get a piece of the $310 billion second round of funding that is funneled through lending institutions.

"It's been a chaotic process for everyone," said Kate Head of Pebble Jewelry. She got on the phone with her bank early and leaned on people there to make sure she did everything right. Even then, she said she...



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