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Greylock Federal Has Made $23 Million in Payroll Protection Loans

Some $10.3 billion was loaned to 46,937 Massachusetts businesses in the first round of funding. The forgiveable loan is available to companies with fewer than 500 employees to keep workers on payroll and is being invested through local lending institutions.

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SBA Touts Small Business Success Stories of The Berkshires

The federal agency provides loans to small businesses to help them grown. Wendell Davis, the Region I New England administrator, said that capital component is what ultimately sinks many businesses as the owners just try to squeak by without putting in needed investment.

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