SBA Paycheck Protection Program Loan Results
Peoples Bank Helped Businesses Support an Estimated 24,000 Local Jobs
Responding to the urgent demand for emergency funding to support small businesses impacted by the coronavirus pandemic, Peoples Bank has helped over 2,160 businesses obtain over $343 million in Small Business Administration (SBA)-authorized Paycheck Protection Program (PPP) loans, which helped support an estimated 24,000 jobs in our local communities.
Please note that Paycheck Protection Program (PPP) funding has been exhausted and the PPP application portal has stopped accepting applications for loans.
Our team has worked extended hours to process the high volume of demand for PPP loans and provide financial guidance and other lending options to our business partners. We will continue to provide assistance to the communities we serve.