Delgado Backs Bill
That Puts Flexibility
Into PPP Assistance
Congressman Antonio Delgado, R-19, today voted with a bipartisan coalition to add flexibility to the Paycheck Protection Program (PPP) and make this tool more accessible to upstate businesses in need of assistance, his office announced.
Established in the bipartisan CARES Act, PPP provides small businesses and other entities loans of up to $10 million. These cover payroll and other operating expenses, and PPP is designed so loans are forgiven if the business retains its employees and their salary levels.
