On March 27, 2020, the U.S. Congress passed, and President Trump signed, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help support businesses and families through the on-going novel coronavirus (COVID-19) pandemic. In particular, the CARES Act expanded the SBA Section 7(a) loan program, also referred to as the “Paycheck Protection Program” (PPP), which aims to support small businesses. We are encouraging all our small business borrowers who are impacted by COVID-19 to consider applying for a loan under this new program.
CARES Act Detail
Which Loan Option is Right for You? (EIDL or PPP)
PPP Loan Application (view the most current SBA Guidance here and here)
SBA Economic Injury Application
For additional details, please reach out to your banker. We are here to help!