COVID-19 BUSINESS RELIEF PROGRAMS
ACCESSbank is committed to helping businesses who have been impacted by COVID-19. We're offering interest only options, payment deferrals and fee waivers where appropriate for commercial loan clients who request it. Please contact your banker today so we can complete the necessary paperwork. If your current situation demands something different, our business bankers can customize a solution to meet your needs.
SBA LOAN PROGRAM GUIDANCE:
Paycheck Protection Program Forgiveness:
One of the key provisions of the PPP is the forgiveness feature. Business owners and lenders alike have been awaiting further guidance and on May 15, 2020, the SBA made available the PPP Forgiveness Application with detailed instructions for its completion. While this provides clarification on certain aspects of forgiveness, there are still many questions to be answered. The Treasury Department has issued a press release announcing additional guidance is forthcoming for both lenders and borrowers. ACCESSbank will continue to provide updates as they become available.
Emergency Injury Diaster Loan (EIDL): This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Click here(Opens in a new Window) to learn more.
To explore options for your business, connect with our business banking team.
ADDITIONAL TOOLS & RESOURCES:
- For modifications to existing SBA loans or Emergency loans needed as a result of COVID-19, click here.
- For assistance with understanding options to help prevent layoffs of employees, click here.