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Information about the CARES ACT SBA Paycheck Protection Program (PPP) Loan Program

Thursday, Apr 02, 2020
by Barb
We are facing extraordinary times. Our team has taken significant steps to help ensure our ability to continue serving you. With a focus on health and safety, all of our team is working remotely while also maintaining the ability to help you with any funding needs that may arise during this time.   We are keeping pace with lenders that are still active-even in this uncertain time. 

We wanted to take the opportunity to pass along valuable information from Lenders that we are working with.  We hope this may be helpful to you.

You can also visit this website for more information:  https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act

IMPORTANT UPDATE (as of April 3, 2020).

"Last night we tested the Paycheck Protection Program system and found critical errors that will not allow us to process applications without further guidance and/or fixes from SBA.  This is not a unique situation to our bank, we are testing the application system as outlined by the SBA and the Dept. of Treasury, but the system is not working fully. We anticipate further guidance and system updates throughout the day and in near future. Please stand by for more updates as we receive them."


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