Posted on April 27, 2020 by Reliabank
As our country deals with the economic chaos caused by the Covid-19 virus, Congress authorized the CARES act including the Paycheck Protection Program (PPP) in two bills totaling $659 billion. The bills put PPP in the hands of financial institutions large and small to manage and disburse SBA loans that are forgiven if employers with less than 500 employees do not lay off their workers. Community banks have performed far better than Wall Street or other megabanks in disbursing the economic aid to small businesses and the public wants to know why.
Banking Services
Community
Loans
