It stands for Paycheck Protection Program. And the money from those loans, Katie, directly went to pay the employees. The alternative was terminating those employees. So The 22,000 small business owners in South Dakota that took out a paycheck protection program loan in 2020 did so to save tens of thousands of jobs. I'm very proud of my team, the way that they mobilized during COVID I'm very proud that they saved hundreds of jobs. And I appreciate you asking that question. (45:39–45:51)
CLAIM
Asserts that 22,000 small business owners in South Dakota took PPP loans in 2020 to save jobs.
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