Loan extension offers hope to local businesses
After closing for about two months, an SBA loan helped pull Lia’s Hair Styling out of the hole for three months. “I wish more people would have gotten the loan, because I think it was really beneficial,” said Luanda Parrish, the manager. So far, SBA has approved $197 billion in low-interest loans for a variety of businesses and non-profits due to the pandemic. “It’s your baby, it’s your business,” George said. It’s really bad.”George’s business sprouted three months ago during the pandemic and said the loan saved her business.