COVID-19 Business Resources
During these uncertain times, the impacts to businesses due to Coronavirus or COVID-19 are prevalent. As a community bank, and your financial partner in business, we want to help provide you with the resources that are currently known and available. Learn more about resources below.
PAYCHECK PROTECTION LOANS FOR BUSINESSES
Coronavirus Aid, Relief, and Economic Security (CARES) Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated over $600 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provided 100% federally guaranteed loans to small businesses who maintained their payroll during this emergency.
Paycheck Protection Program:
We appreciate that you have come to First National Bank for your small business needs. The Paycheck Protection Program expired on August 8, 2020. The Small Business Administration (SBA) is no longer accepting applications. We encourage you to keep watching the news to see if Congress passes additional legislation.
Additional Resources Available:
SBA Disaster Loans (Application deadline is Dec. 21)