Have you received your first CARES Act SBA Payroll Protection Program Loan Application?

If you offer SBA loans, we want to help you be prepared to meet your small business customer’s needs. On April 8, 2020, we will be presenting a live webinar on SBA Payroll Protection Program loans. We’ll walk you through the eligibility, application, underwriting, and compliance steps for these PPP loans.

As a community bank (or a large bank) you pride yourself if the growth and success of your community. In this time of crisis, here is your opportunity to be there for not only your small business customers, but for their employees, “your” customers, your neighbors and the citizens of your community.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted, an economic relief package in response to the COVID-19 pandemic. The CARES Act expands the eligibility criteria for borrowers to qualify for loans that are available through the U.S. Small Business Administration (SBA) by adding the Paycheck Protection Program (PPP) to the SBA’s loan programs.

The PPP provides federally guaranteed loans to eligible businesses, which can be partially forgiven. The goal is to encourage businesses to retain employees through the COVID-19 crisis by assisting in the payment of certain operational costs.

Click on the video to listen to Jerod explain more.

Other Upcoming Lending Webinars:

March 31stTRID: Changed Circumstances & Revised Disclosures

April 2ndAbility to Repay, QM, High Cost & Higher Priced Mortgage Loans

April 9thHMDA Covered Transactions

April 14thApplicants & Applications

April 14thRefinance, Modifications & Renewals

April 16thHMDA Data for Large Filers

April 23rdHMDA Data for Small Filers

Published
2020/04/01
Dave Dickinson

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