COVID-19 Resources

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Consumer and Business Resources for those affected by COVID-19

Here's how we can help.

Case-by-Case Loan Extensions


We understand that during this time getting a break on loan payments would be welcome, so please contact your lender directly to inquire about options.
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Expedited Online Banking and Mobile Deposit Approvals


We're approving new and existing customers much faster than usual due to the need for online and mobile processing during this time.

State and Federal Programs


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Paycheck Protection Program (PPP)

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. We are encouraging all our small business borrowers who are impacted by COVID-19 to consider applying for a loan under this new program

All loan terms will be the same for everyone. Some key terms from the Small Business Administration:

  • Deferred payments for 6 months.
  • Loan term of 2 years.
  • No collateral required.
  • No personal guarantees required.
  • All fees are waived.
  • 1.00% interest rate.
  • Loans can be used for payroll costs, including benefits; interest on mortgage obligations; rent; and utilities.
  • Loan amounts can be for 2 months of your average 2019 payroll costs plus an additional 25% of that amount.
  • Loans can be forgiven if you meet certain qualifications.
  • No prepayment penalties.
  • Loans available through 6/30/2020.

Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven
amount may be for non-payroll costs. Loan payments will be deferred for 6 months.
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SBA Guaranteed
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Loan Term
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Up to this average monthly payroll cost
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Economic Injury Disaster Loan (EIDL)

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.

Some notable highlights from the Small Business Administration:

  • Low-Interest, fixed-rate loans available to all businesses & private non-profits who show an economic impact as a result of Covid-19.
  • Amount is dependent on the degree of economic injury sustained.
  • Must be an independently owned and operated business.
  • Private non-profit organization
  • 501(c)(19) Veterans organizations
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Maximum Loan Term
Application
SBA Info

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