• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
  • Forum
  • Design Studio
  • Upholstery Jobs
  • Newsletter
  • Sponsors

The Hog Ring

Auto Upholstery Community

  • Facebook
  • Instagram
  • Twitter

U.S. Trim Shops Can Apply For Forgivable Loans Again

January 19, 2021 By Nadeem Muaddi

The Hog Ring - US Trim Shops Can Apply For Forgivable Loans Again

With the coronavirus pandemic still raging, the U.S. federal government has reopened its PPP loan program, allowing small businesses to get a forgivable loan for the first time and some to even apply for a second loan.

Administered by the Small Business Administration, The Paycheck Protection Program offers loans of up to $10 million for companies with fewer than 500 employees that can be forgiven if companies use most of the money to cover payroll and keep employees on staff.

Congress passed a new coronavirus relief bill in December, expanding the PPP loan program to help more small businesses survive the economic downturn. Some businesses that received a loan during the first round but are still struggling can even apply for a second — but it’s capped at $2 million.

“A second round of PPP could not have come at a better time, and the SBA is making every effort to ensure small businesses have the emergency financial support they need to continue weathering this time of uncertainty,” SBA Administrator Jovita Carranza said in a press release.

Treasury Secretary Steven Mnuchin said the loans “will allow small businesses to keep workers on payroll and connected to their health insurance.”

In total, the program offers small businesses more than $280 billion.

Apply today! Interested businesses can apply for loans from January 19 to March 31. For more details and directions on how to apply, visit SBA.gov.

Filed Under: Archive, Better Business Tagged With: Auto Trim, Auto Upholstery, Car Interior, Coronavirus

Primary Sidebar

anal porno bangbros rus porno yaşlı porno konulu porno olgun porno porno izle sarışın porno bakire sex 69 porno

THR Sponsors

NC Sewing Machines
Miami Corporation - Right Rail Ad 3
  • Douglass Interior Products
  • OEM+ Banner Ad - The Hog Ring
  • Leather Craft
  • Albright's Supply
  • Hyde Leather
  • Keyston Bros

THR Favorites

Auto Upholstery - The Hog Ring - Juki Sewing Machine

How Does a Sewing Machine Work?

You know how to work a sewing machine, but do … [more] about How Does a Sewing Machine Work?

Auto Upholstery - The Hog Ring - Design Studio

Design Studio: 1955-57 Chevy

The Hog Ring Design Studio is a growing … [more] about Design Studio: 1955-57 Chevy

Auto Upholstery

No Limits with Programmable Sewing

We feature a lot of unique pleat designs on … [more] about No Limits with Programmable Sewing

Auto Upholstery - The Hog Ring - Sculpt Garage

Shop Profile: Brent Davison of Sculpt Garage

Sculpt Garage has only been in business for … [more] about Shop Profile: Brent Davison of Sculpt Garage

10 Questions for Sue of Fast N’ Loud

Thanks to a regular appearance on Discovery … [more] about 10 Questions for Sue of Fast N’ Loud

5 Ways to Handle Difficult Customers

  We’ve all experienced difficult … [more] about 5 Ways to Handle Difficult Customers

Categories

Footer

Recent Articles

  • Running a Trim Shop is Hard. This Free SBA Tool Makes It Easier
  • Subaru Seat Bolsters Are Failing. Here’s How to Fix Them (and Make Money)
  • Support Trimmers Affected by Catastrophic Flooding in Texas
  • Mercedes Reimagines Comfort with Custom Fit, 3D Printed Seat Pads
  • Wishing You a Happy Independence Day!

Recent Comments

  • Edward Munday on Hidden Mouse Nest? How to Charge for the Extra Dirty Work
  • Jack on Keyston Bros. Acquires DLT Corporation
  • Brodie Smith on Aston Martin Just Introduced a New Convertible DB12
  • THE CAPTAIN on 6 Tips for Turning Callers into Customers
  • Dmei on Star Wars Seat Covers are ‘So Wizard’

Advertise With Us!

We're always looking for companies to collaborate with. Watch this short video about the benefits of sponsorship and then email us to say hi.

Copyright © 2025 · Magazine Pro On Genesis Framework · WordPress · Log in