North Dakota Got Enough PPP Money to Cover 72% of State’s Eligible Payroll
NFIB, North Dakota’s leading small business grass roots organization, hosted an informational webinar with Sen. Kevin Cramer. The Senator connected with North Dakota small business owners, giving them the latest information about what’s going on in Washington D.C. and how Congress is helping small business owners during this coronavirus crisis. The Senator was joined by NFIB State Director in North Dakota, Alison Ritter, and SBA District Director Al Haut. You can watch the entire webinar by clicking here.
“It pays to have great relationships and that’s exactly what we have here in North Dakota. We have a culture of solid public/private relationships that paved the way for a successful rollout of the Paycheck Protection Program in North Dakota. While the rollout of the program nationally wasn’t ready for prime time, North Dakota got a head start. Thanks to hard work behind the scenes, we were able to take advantage of the great relationships between North Dakota lenders, business owners, and the federal government to get North Dakota small businesses the most PPP loan volume per capita in the country,” said U.S. Senator Kevin Cramer.
Sen. Cramer sits on the Banking, Housing, and Urban Affairs, which drafted the PPP legislation. The Senator said while the legislation was being drafted, he was in constant contact with the North Dakota Bankers Association, and just hours after the legislation passed, the Senator was on a conference call with lenders to inform them about the process and how they could best help small business.
“North Dakotans are lucky to have an advocate like Sen. Cramer in their corner during this scary and unprecedented time. Sen. Cramer has taken the lead on the Paycheck Protection Program and thanks to his hard work, North Dakota small business owners have gotten a big piece of the PPP money,” said NFIB State Director in North Dakota, Alison Ritter. “Thank you, Sen. Cramer for fighting to make sure that small business owners are not forgotten during the corononavirus crisis.”
As of April 16th, North Dakota had received a total of $1.5 billion from the PPP loan program. That’s $2,032 in volume per capita, the highest of any state.