We’re committed to you. We understand the impact that the current coronavirus (COVID-19) pandemic has had on individuals and businesses within our community and around the world. As a preferred SBA lender, we have provided almost $80 million to our business customers. We helped them maintain or employ over 5,000 employees as part of the Paycheck Protection Program.
The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency relief to small and medium sized businesses who have been impacted by COVID-19 through emergency grants and loans. The main component of the CARES Act is the Paycheck Protection Program, which allows financial institutions to provide loans up to $10 million to businesses and eligible nonprofits with less than 500 employees. All or some of the loans may be forgivable based on the criteria provided in the CARES Act. This program is designed to help keep workers on payroll and continue economic activity across the United States.
We are now accepting loan forgiveness applications. Please visit the online application portal to begin the process.
We encourage you to visit the SBA’s website to confirm your eligibility for loan forgiveness.
If you have any questions, please contact your Loan Officer by calling 1-800-939-9103.
We thank you for your business and wish you good health and wellness.