A coal company in Terre Haute says its one of the recipients under the Paycheck Protection Program, said Inside Indiana Business. Hallador Energy said it received a $10 million dollar loan approval through the program, and plans to use the funds to pay two months payroll and other covered expenses. The program is intended to support small businesses, which often have less than 500 employees, but the definition of ‘small business’ varies by industry, meaning some coal-mining firms with up to 1500 employees could qualify for the loan. Hallador had 768 employees, after the closure of the Sunrise Coal Mine in Carlisle.
