PMC gets OK to apply for second PPP loan
January 21, 2021
The Petersburg Borough gave the Petersburg Medical Center permission to apply for a second Paycheck Protection Program loan totaling $1.8 million at their meeting on Tuesday evening through emergency ordinance #2021-02.
PMC applied and received a loan of the same amount in April through the Small Business Administration. Businesses that received a PPP loan had the opportunity to have the loan forgiven if the money was spent on certain expenses like payroll and rent. PMC had its loan forgiven in December, but the hospital is looking to apply for a second loan during the second round of PPP...