LINCOLN, Neb. (KCAU) – Governor Pete Ricketts said Nebraska banks have applied for over $4.7 Billion dollars in loans for small businesses in the state during his daily press conference Wednesday.
The Governor said over 7,837 forgivable loans for small Nebraska businesses have been filed by banks in the state.
Ricketts said the loans will allow businesses to rehire and keep employees on their payroll and restart operations. Nebraska banks are continuing to apply for the loans.
Jeff Kanger, Executive Vice President of First State Bank, said the loans are promised in the CARES act through the Payment Protection Program and banks are responsible for securing funding for the loans.
Kanger said the loans will be reimbursed through the Small Business Administration (SBA).
No business have received money through Payment Protection Program yet, Kanger said.
Kanger also said businesses should keep their receipts and track payroll, as those records will be necessary for their loans to be forgiven.
Ricketts said Nebraska is expected to hit the peak of the virus at the end of April. At that time, social distancing requirements will be re-evaluated.
The Governor also said when restrictions are relaxed it will be in stages to prevent the virus from rapidly bouncing back. In that situation, he said the recommended numbers for social gatherings will slowly rise.
Ricketts also signed a proclamation declaring Easter Sunday a Statewide Day of Prayer and asked Nebraskans to worship safely at home.
The Nebraska Department of Health and Human Services (DHHS) confirmed 41 additional virus cases Wednesday. No new deaths were reported.
Latest Coronavirus Stories
- Stimulus check calculator: Do you qualify for $1,400?
- March 8: Less than 10 new COVID-19 cases in Woodbury County
- Live: CDC announces fully vaccinated Americans can gather without masks
- People threaten to call ICE on staff of Houston Mexican restaurant after choice to keep mask requirement
- March 8: Iowa reports 6 virus-related deaths