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'We're All Writing A New Playbook Now': Small Business Loan Program Presents Challenges

Many small businesses are still hoping to get a loan from the federal paycheck protection program to stay afloat during stay-at-home orders. (Mark Lennihan/AP)
Many small businesses are still hoping to get a loan from the federal paycheck protection program to stay afloat during stay-at-home orders. (Mark Lennihan/AP)

Congress could be nearing a deal on a second round of funding for the Small Business Administration program formed in light of the coronavirus. Many small businesses are still hoping to get a loan from the federal paycheck protection program to stay afloat during stay-at-home orders. The $349 billion dollar program ran out of money last week.

To hear more about how one financial institution has been handling this, Here & Now‘s Jeremy Hobson speaks with Gene Pelham, president and CEO of Rogue Credit Union in Medford, Oregon.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

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