Paycheck Protection Program

Courtesy of Spokane Indians Baseball Club

Last weekend the Spokane Indians baseball team had its final two home games for the 2021 season cancelled because of Covid concerns with players on the visiting team, the Tri-City Dust Devils.

That was the latest body blow for a team that had a cancelled season in 2020 and, this year, has had to adjust to serving fans in a pandemic-infused world.

But the Indians see some financial support on the horizon if they can only get the attention of Congress.

Screenshot from Murray Roundtable

Spokane County officials say they allocated about $23 million in CARES Act money last fall to help small companies stay afloat during the pandemic. On Tuesday they reported that money went to more than 1,100 small businesses and nearly 200 non-profits.

The next batch of relief money for small businesses is on the way, says Sen. Patty Murray [D-Washington].

Courtesy of West Plains Roasters

Paycheck Protection Program money is now trickling down to businesses in the Inland Northwest. The cash allows companies to keep workers on the payroll for a couple of months while they re-establish themselves.

Today, Doug Nadvornick profiles two PPP recipients, one in the Spokane area, one in north Idaho.

Mad Rush Expected When Round Two Of The PPP Begins

Apr 26, 2020
Small Business Administration screenshot

Part two of the Paycheck Protection Program may begin as soon as Monday. Congress allocated another $321 billion for the program designed to help businesses continue to pay their employees.

Ezra Eckhardt from Spokane Teachers’ Credit Union expects a mad rush to secure funding.

“The last round lasted 13 days. The projections are that this could be as early as two or three days to have the funding run out.”

Wikimedia Commons

It’s an interesting time to work for a financial institution.

With the recent passage of the federal CARES Act, banks and credit unions are fielding a wave of requests by businesses looking for payroll relief under the new Paycheck Protection Program.

And Ezra Eckhardt is right in the middle of it.