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McCoy: Paycheck Protection Loans Are Back, Apply Now

money in a wallet
WAMC file photo

Small businesses and nonprofits in Albany County are being urged to apply quickly for the second rollout of the federal Paycheck Protection Program.
Freshly infused with an additional $310 billion and now accepting new applications, the U.S. Small Business Administration initiative offers loans with 1% interest to companies with 500 employees or fewer.

Albany County Executive Dan McCoy:

"The small businesses that might be struggling, don't know how to fill it out, please, reach out to people in your community that can help you fill that out. It's very important. There's a lot of benefits that came through this last payment package that can help you to re-open up your doors and that's what we wanna do here in Albany County."

Loans become grants for those who keep their employees on the payrolls during the eight-week loan period. 

To apply, please use their link here.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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