Guide to the CARES Act

The Small Business Owner’s Guide to the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Paycheck Protection Program (“PPP”), which is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

 

We are no longer accepting PPP applications

 

If you still need a PPP Loan, try Kabbage1 or other participating SBA lenders:  https://www.kabbage.com/paycheck-protection-program-loans/

 

Click Here for the Latest Updates from Treasury.gov on the PPP

 

If you already have a PPP Loan from us, please follow our “PPP Loan Forgiveness” page to learn “How To Apply for your Loan Forgiveness” Click Here

 

1. First National Bank of Pasco has no affiliation or agreement with Kabbage and assumes no responsibility whatsoever.