When the Small Business Administration’s Paycheck Protection Program (PPP) was announced in 2020, our bankers worked tirelessly to secure financing for our customers – resulting in the origination of over 700 PPP Loans, equating to over $200 million in funding for our businesses.
Now, with this experience under our belts, we are ready to help our customers navigate the highly anticipated Paycheck Protection Program 2021*. As part of the latest economic relief package there will be $284 billion available across the country to fund this latest round of loans. The Small Business Administration is anticipated to begin accepting applications from Waterford on Tuesday, January 19. In preparation for this, you can now pre-fill your PPP application and submit it to your Waterford Lender.
Additionally, this new legislation provides funding for new loans to small businesses, as well as benefits to streamline the application process for businesses who already received a PPP Loan in 2020. So, whether you are a first- or second-time borrower, we are ready to get you started.