Paycheck Protection Program helped 12,000 VT companies, paid $1.1 billion - VT Business Magazine

What would Vermonters have done without the $1.1 billion in federal money to cover their paychecks? And will the country ever recover from the added budget deficit?

“There were 10,387 PPP loans in Vermont under $150,000 with a total value of $367,897,165 and the associated jobs retained were 45,179. There were 1,542 loans of $150,000 or more which retained 68,659 jobs. Between the large and small loans which totaled 11,929 companies, Vermont received $1,187,439,086. Total jobs retained were 113,838. The small loans were itemized but the companies were not named. The large loans were not itemized but company names were provided.”

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