Queensborough National Bank & Trust has quickly helped several local communities by closing $54.8 million in Payment Protection Program loans. The bank began funding those authorizations on April 10.
Of that $54.8 million, $4.9 million went to three east Georgia hospitals, including Jefferson Hospital in Louisville and the Washington County Regional Medical Center in Sandersville. Queensborough will donate its fees from hospital loans to local food banks in those areas.
“I am extremely proud of our entire team at Queensborough and the effort that has gone into helping more than 1,000 companies in our communities get approved by the SBA to participate in the new Paycheck Protection Program,” said Adam Harris, senior vice president and Augusta regional manager.
Queensborough has closed 264 loans to date and anticipates closing hundreds more that will total an estimated $125 million. All loans are set to close within 10 days of application acceptance.
“In these challenging times, it is especially comforting to know that Queensborough always treats us as business partners and true friends,” said Dan Holloway, the president of Merit Flooring.
“I was amazed at how efficiently Queensborough handled this process,” Robert Fox said, CEO of Advance Industrial Group. “They provided us with an SBA loan number before some banks had even begun filing customer applications."
Queensborough National Bank & Trust Co. is Georgia’s community bank with more than 25 locations throughout Georgia. For more information, go to QNBTrust.bank and find Queensborough on Facebook, Twitter, LinkedIn, YouTube and Instagram.