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While some Louisiana businesses receive new payroll protection loan, others still wait for lifeline
You are the owner of this article.You have permission to edit this article.The new Paycheck Protection Program recently passed by Congress has been a godsend for Bob Sternhell and his 18 employees.Sternhell qualified for an $181,000 loan through the federal program, which provides forgivable loans to small companies that agree to keep their workers on the payroll for 8 weeks. That's just enough breathing room to ensure the company’s continued operations for at least the next six months, he said.“That gave everybody security,” said Sternhell, who owns Solutient, a New Orleans company that...…You are the owner of this article.You have permission to edit this article.The new Paycheck Protection Program recently passed by Congress has been a godsend for Bob Sternhell and his 18 employees.Sternhell qualified for an $181,000 loan through the federal program, which provides forgivable loans to small companies that agree to keep their workers on the payroll for 8 weeks. That's just enough breathing room to ensure the company’s continued operations for at least the next six months, he said.“That gave everybody security,” said Sternhell, who owns Solutient, a New Orleans company that...WW…
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