As part of the Paycheck Protection Program L.B. SMITH AUTOMOTIVE, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

L.B. SMITH AUTOMOTIVE, INC

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

• Small businesses that met SBA’s size standards
• Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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