Paycheck Protection Program (PPP) Loans

Your small business is important to you and to our communities. The Federal CARES Act is designed to support small businesses through this difficult time. The Paycheck Protection Program (PPP) is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is intended to provide American small businesses with eight weeks of cash-flow assistance through 100 percent federally guaranteed loans. The funding is meant to help retain workers, maintain payroll, and cover business rent, mortgage interest, and/or utility expenses.

Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

Paycheck Protection Program (PPP) Loan Forgiveness