Some South Dakota Businesses May Face Challenges For Taking Part In Paycheck Protection Program

(WNAX) — Over nineteen thousand businesses in South Dakota were able to get a “Paycheck Protection Program” loan from the Small Business Administration.  State Bankers Association President Curt Everson says many of those loans could be turned into grants…

Everson says the follow through for many businesses could be difficult…

Everson says some businesses may have to pay the money back if they can’t qualify…

Total loan volume in South Dakota under the program was almost one point six billion dollars.