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As of Thursday, April 16, the U.S. Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) had reached the maximum loan limit authorized by Congress, just 14 days after small businesses were first able to apply.

The program was created as part of the CARES Act, signed into law on March 27, 2020, which included $377 billion in relief to small businesses, with $350 billion of that allocated to the PPP.

Congress is debating a proposal to add $250 billion to the program. Action could come as soon as this week.

If you still hope to apply, now is a good time to review your resources and prepare an application to be submitted when the program reopens. Some banks are still taking new applications in anticipation of new funds from Congress, and some are asking small businesses to apply once more funds become available, so check with an eligible lender at sba.gov/paycheckprotection/find. If you applied but were not approved, contact your lender to determine your next steps. Act fast because future rounds of funding are not guaranteed.

A second round of funding may also make changes to PPP to ensure that the smallest businesses are able to access the program. We will update our resources to reflect any program changes.

To learn more about the program, including eligibility, loan uses, and application information, visit our fact sheet at cfra.org/SmallBizEmergencyLoanResources.

NEWS

Donations sought for families following accident

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  Following the tragic loss of two young lives on Monday, Jan. 27, in an accident at Lake Chaparral, efforts are being made to raise funds to help cover funeral expenses for both boys as well as other expenses for the families. Both families are using Schneider Funeral... [More]

Juveniles fall through ice, drown at Lake Chaparral

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At approximately 8 p.m. on Monday, Jan. 27, the Linn County Sheriff’s Office received a report of two missing children. The reporting party stated the children should be together and were supposed to go to another house but had not been there. At that point, several deputies... [More]

Trash compactor negotiation continues with Pleasanton and county

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The Pleasanton Council continued discussion over the trash compactor Monday night with City Attorney Jacklyn Paletta zooming in on her laptop. She explained to the council, “Apparently, though I met with Shaun (Linn County Public Works Administrator Shaun West), there... [More]

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PLEASANTON WEATHER

SPORTS

Prairie View girls’ basketball are champions of the Kenny Holt Memorial tournament

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The Prairie View girls’ basketball team traveled to Uniontown on Jan. 21, 23-24 to compete in the Kenny Holt Memorial Tournament. The Lady Buffs did well in the tournament as the team went 3-0 to win the tournament. The first game on Jan. 21 the Buffalos faced the host... [More]

Pleasanton boys’ basketball team placed seventh at Kenny Holt Memorial Tournament

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The Pleasanton boys’ basketball team traveled to Uniontown on Jan. 21, 23-24 to compete in the Kenny Holt Memorial Tournament.  The Jays ended up going 1-2 and placing seventh in the tournament. The Jays played Osawatomie first on Jan. 21 and Pleasanton had lost... [More]

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COMMUNITY

60 years of friendships and memories

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Furse retires from F&M Bank board   Barbara Furse began her career with the Farmers and Merchants Bank in Mound City on Nov. 1, 1964.  “The bank was owned by Orval Hennesy at that time and was located in the original building across the street from where... [More]

Baby birth, voting… almost rolled into one package

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There is nothing like the birth of a child for a family, and the birth of two-month old Kit Victoria Oberlechner was no different; but the birth had added meaning as Kit was able to accompany her parents to the voting booth Nov. 5. Trenton Oberlechner said that he and wife,... [More]

Kellstadt opens new business in Mound City

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After 29 years in health care practice, most recently at CHCSEK, Rhonda Kellstadt, APRN, decided it was time to step away from the more regimented clinic setting and branch out in a different direction. “It was just time for a change,” stated Kellstadt, who recently... [More]

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