ALBANY, Ga. (WALB) – A Dougherty County program is helping small businesses get federal loans during the pandemic.
Organizers are holding a workshop on Tuesday to teach people how to navigate the Paycheck Protection Program (P3).
Dougherty County Commissioner Victor Edwards will be hosting what they call a “New Deal” workshop at Robert Cross Park from 3 pm to 6 pm Tuesday. Community activist William Wright helped organize the workshop.
The workshop is supposed to help small businesses in Albany better understand what they need to do to access federal P3 loans.
The organizers especially encourage minorities to go out. They said they were significantly under-represented in the number of loans distributed so far.
“We are tackling this because our businesses, and especially the African American-owned businesses, have done poorly. They received very little stimulus dollars, it was a bill that contained almost a trillion dollars, ”Wright said.
Wright said that of about 200 loans made to residents of Albany, one was “identifiable as a black-owned business.” The Small Business Administration is offering loans to help people keep their jobs during the pandemic.
Wright said at the workshop that they would break down such things as the difference between employees and independent contractors and eliminate other areas of confusion.
Many nonprofit organizations that have generally not been eligible to receive small business loans from the SBA may be eligible for PPP. They were also encouraged to come to the workshop.
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