WACO, Texas – The U.S. Small Business Administration visited a Waco business Tuesday morning which received a loan from the Paycheck Protection Program.
RAM Aircraft was approved for a $940,000 loan from Community Bank and Trust-Waco, allowing for 85 workers to keep their jobs.
After touring the facilities, SBA leaders held a roundtable discussion with the Greater Waco Chamber of Commerce. Among those in attendance were:
• Bradley Ford, Waco City Manager
• Matt Meadors, President, Greater Waco Chamber
• Alfred Solano, President, Cen Tex Hispanic Chamber
• Rachel E. Pate, Vice President, Cen Tex African American Chamber
A total of 271 Waco small businesses were approved for PPP loans between $150,000 to $10 million to save 16,514 jobs in the city.