Loan Relief Programs and Resources for Businesses
If you are negatively affected by the coronavirus situation, we are here to help. We are committed to working with our customers to reduce financial stress during this challenging time. Read more
Paycheck Protection Program
The Paycheck Protection Program was created by the CARES Act to provide small business owners with forgivable, low-interest, no collateral loans for payroll costs, mortgage, excluding interest, rent, and utilities. The business must have been in existence before February 15, 2020.
For guidelines and more details on PPP, consult the Small Business Administration, SBA at PPP.
Please utilize the link below or visit treasury.gov/cares for more information.
Economic Injury Disaster Loans
This loan, EIDL was created to assist small businesses to help overcome the temporary loss of revenue they are experiencing due to COVID-19. This loan advance will provide up to $10,000 of economic relief to businesses.
For more information, refer to this Guide.
Applications are made directly with the SBA, Click Here.