Federal loans help Wyoming hospitals
CASPER — Wyoming’s smallest hospitals received tens of millions of dollars in federal loan money in April and May, funds that helped keep the facilities afloat as the effects of the pandemic ravaged hospitals’ coffers.
In the spring, Congress passed the CARES Act, which included the Payment Protection Program. The stimulus program granted loans to businesses that promised not to layoff employees, loans that would become grants — and wouldn’t need to be paid back — if the businesses kept their employees. Thousands of Wyoming businesses applied for the loans, and more than 1,600 secured loans larger than $150,000.
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