(SANILAC COUNTY) – For the second time, since the coronavirus swept the country and caused severe stress for businesses and non-profits alike, the Federal Government has come to the aid of a Sanilac County non-profit organization.
The Sanilac County Historical Society recently announced they have landed their second Paycheck Protection Program loan to help them remain afloat during uncertain times.
The Historical Society announced they have been awarded a loan in the amount of more than $11,300 dollars.
The non-profit received their federal loan check within days of filing the application. The new round of PPP loans offer a “second draw” for harder-hit non-profits that received PPP funding in 2020 with funds being applied to payroll, utilities, and various other expenses.
Officials say when used properly, for designated expenses only, the loan converts to a grant and nothing need be repaid.
The Historical Society was also awarded a PPP loan in 2020 that converted to a grant, and that loan was fully forgiven.
Officials say the loan, that evolves in to a grant, will allow the Society to cover basic costs and help keep staff employed for several months.