Like you, we are closely monitoring the new opportunities made available to the SBA in response to COVID-19. As your Banking Partner, our team is dedicated to providing solutions for your business. Continue reading to learn more about the Paycheck Protection Program (PPP).
UPDATE. On December 27, 2020, a second bill was signed to add further explanation on PPP forgiveness on loans less than $150,000 with a simplified application. In addition, another round of PPP loan assistance will become available. We anticipate the application process to begin mid-to-late January. Lakeside Bank customers should look for additional instructions via email. Click here to visit the SBA website for guidance issued January 8, 2021.