DTE joins coalition of business groups raising awareness of Paycheck Protection Program forgivable loans
Detroit, April 06, 2020 (GLOBE NEWSWIRE) — DETROIT, Apr. 6, 2020 — DTE Energy, Michigan’s largest energy company, is making its business customers aware of programs that can provide financial lifelines, as well as offering guidance on reducing their energy bills during the coronavirus pandemic.
One form of assistance promoted by DTE is forgivable loans offered by the Paycheck Protection Program (PPP), administered by the Small Business Administration. DTE has joined with a diverse business and community coalition in communicating how PPP loans offer critical help to businesses impacted by the pandemic. The loans are forgivable if certain criteria are met and provide small businesses with funds to pay up to eight weeks