One Week After PPP Rollout, NH Banks Fully Engaged

Business NH Magazine

Since the federal Paycheck Protection Program (PPP) was rolled out April 3, banks in New Hampshire have been working with their customers around the clock and actively lending to small businesses. 

The NH Bankers Association released initial data from the first week of PPP to provide insight into the volume of loans processed in New Hampshire, the dollar value of those loans and numbers of jobs saved.

Kristy Merrill, president of NH Bankers Association said, “This snapshot of PPP data is a conservative, early estimate of the loans being made to support small businesses who have been impacted by COVID-19 in a way that no one could have ever imagined. I am incredibly proud of our bankers who are providing crucial financial assistance to a key sector of New Hampshire’s economy, all while working in a challenging socially distant environment.”

Read the full article.

These articles are being shared by partners in The Granite State News Collaborative. For more information visit collaborativenh.org.