DMC Global (BOOM) Repays Paycheck Protection Program Loan
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DMC Global Repays Paycheck Protection Program Loan
April 23, 2020 4:45 PM EDTBROOMFIELD, Colo., April 23, 2020 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) recently applied for a loan under the U.S. Governments Paycheck Protection Program (PPP). The application was vetted by the Small Business Administration (SBA), and on April 14, 2020, a loan of $6.7 million was approved.Â
DMC borrowed this money, as the PPP legislation intended, Â to provide its 306 U.S. employees with payroll and benefits protection as the Companys primary energy market enters a sharp downturn and... More
