7/31/2020: Peoples Bank has reached our capacity with the Paycheck Protection Program (PPP), therefore we are no longer accepting applications for the PPP.
Should other government stimulus programs become available, we will evaluate our participation and keep you informed.
On July 23rd, the Small Business Administration released procedures for submission of loan forgiveness packets with submission of forgiveness applications to begin on August 10th.
Additional legislation has been proposed that may further streamline the PPP loan forgiveness process. At this time, we are not accepting forgiveness applications as the proposed legislation may significantly reduce the documentation you will be required to submit. We will provide the updated requirements as they become available.
If you have questions regarding the forgiveness process and/or application, please contact your Business Banker and they will answer any questions you may have.
We value the relationships we share with you, and are here to help your business grow. Please continue to check our website for updates.