WVW Worx

Main Menu

  • Volkswagen News
  • Volkswagen Emissions
  • Volkswagen credit
  • Volkswagen Electric
  • Banking

WVW Worx

Header Banner

WVW Worx

  • Volkswagen News
  • Volkswagen Emissions
  • Volkswagen credit
  • Volkswagen Electric
  • Banking
Banking
Home›Banking›Senator touts the success of Hamilton window manufacturer’s business loan program

Senator touts the success of Hamilton window manufacturer’s business loan program

By Raymond J. Nowicki
March 9, 2021
0
0

The PPP was included in the two-party-backed CARES law, which provided economic aid to small businesses, workers and citizens amid the COVID-19 pandemic. US Senator Rob Portman, R-Cincinnati, said P3 funds gave Vinylmax a “bridge” to get to the point where the economy has started to recover.

And because the company hasn’t laid off any employees, Doerger Roberts said it was able to resume production faster than its competitors, some of which have shut down permanently.

Portman said the loans, if used for payroll, could be converted to a grant, so “they were basically able to get a grant to stay in business for a while.”

The senator said he would use Vinylmax as an example of why the program, which ran out of money on August 8, must continue.

“Part of what we’ll do, if we pass another bill, will be continue the P3,” Portman said. “I think it should be even more targeted this time around to make sure the companies that use it really need it in terms of lost revenue this year compared to last year.”

“You have to have something for these small businesses,” said Portman, as many are still going through tough times and have temporarily closed their doors.

“We want to make sure they don’t close their doors permanently,” he said.

Related posts:

  1. Put lenders to the test
  2. Mohamed Salah was ‘like Lionel Messi’ according to Filipe Luis
  3. All-terrain for local businesses | The Long Island Advance
  4. Fair or unfair, we need free college and student loan forgiveness

Recent Posts

  • Labor leaves the way open for stricter vehicle efficiency standards to support the EV push
  • 4 reasons to buy a 2023 Toyota bZ4X, not a Volkswagen ID.4
  • Solar powered car market size, scope and forecast
  • McMurtry Goodwood Rekord, VW ID.Aero Concept, 2023 Ford F-150: Car News Headlines
  • This is how the two electric vehicles compare

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021

Categories

  • Banking
  • Volkswagen credit
  • Volkswagen Electric
  • Volkswagen Emissions
  • Volkswagen News
  • Terms and Conditions
  • Privacy Policy