The 2020 CARES Act and the Paycheck Protection Program and Health Care Enhancement Act introduced the Paycheck Protection Program to provide American small business with 100% federally guaranteed loans. Billions of dollars assisted small businesses with funding to keep their doors open and their employees on payroll through these forgivable loans.
Peoples Bank was able to help many customers in the Warrick and Vanderburgh County area apply for and receive these loans. As a new stimulus package arrives in 2021, we are able to continue assisting businesses to apply for the second round of PPP loans.
The second round of PPP loans is available to new PPP borrowers AND borrowers who received a first round PPP loan. Eligibility and application processes have changed but the team at Peoples is ready to help business owners determine their options. You may qualify! Let us help determine your eligibility!
Peoples Bank understands the value of small businesses in our community. As a locally owned bank, we are one of you. We have seen the struggles the local business community has faced in the last year and are here to help you and your business through 2021. The PPP process is new and constantly being updated, but we are here to help walk you through process. Local, personal, and 1-on-1 service is available through Peoples Bank.
To submit your application or answer questions on the PPP process, contact our Commercial Lending Team today at 812-942-4550 or at firstname.lastname@example.org.
More information on the program is available from the SBA website.