The Daily Tar Heel

Serving the students and the University community since 1893

Friday June 24th

We looked into the COVID-19 relief loan data for Chapel Hill and Carrboro

<p>Branch of Chase Bank located on West Franklin St. in Downtown Chapel Hill</p>
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Branch of Chase Bank located on West Franklin St. in Downtown Chapel Hill

The U.S. Small Business Administration released data on Monday detailing loans provided to small businesses in response to the economic crisis brought on by the COVID-19 pandemic. 

The Paycheck Protection Program was funded by the CARES Act relief package in March of this year. The program provides low interest loans to qualifying businesses to cover up to two months of payroll and other business expenses.

Applications were reopened on Monday, and the new deadline to apply for a Paycheck Protection Program loan is Aug. 8. 

Click through the graphic to see what businesses in Chapel Hill and Carrboro received loans greater than $150,000, and what types of businesses received loans of any amount.

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