The Edwards County Emergency Medical Services received a sizable boost in handling its payroll, thanks to the COVID-19 relief plan passed by Congress and signed into law in late December.
The service will receive $56,000 from the Paycheck Protection Program, a program designed to provide payroll relief to small businesses and non-profit organizations during the COVID-19 pandemic through forgivable loans. While the service is in the process of dissolving the incorporated status of the Edwards County EMS in favor of the county-owned County of Edwards EMS, the Edwards County EMS Board of Directors were able to take advantage of their non-profit status to make use of the loan money
“Since we’re a not-for-profit, we do have a significant amount of our money that is in payroll,” noted Matt St. Ledger, Treasurer of the Edwards County EMS Board of Directors. “So we are eligible for the first draw of the PPP loan.
“Rick has done that for us, ran through the paperwork and basically we can get two and a half months of payroll.”
St. Ledger explained that the loan comes with a very low interest rate, though it will be forgiven entirely if they use the money acquired through the program to fund their payroll during that two and a half month span.
“It’s basically free money,” he said. “For us, that is a significant benefit because of the payroll.
“So we got $55,992 that we will use in the next two and a half months for payroll.”
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