QUEENSBOROUGH NATIONAL BANK IS HERE TO HELP IN THESE UNCERTAIN TIMES
Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which will provide many resources to small businesses, as well as certain non-profits and other employers.
Paycheck Protection Program (PPP) Loans are one part of this act and will provide cash-flow assistance through 100 percent federally guaranteed loans to qualifying employers impacted by Covid 19 who maintain their payroll during this emergency. Among other features, PPP offers forgiveness of up to 8 weeks of payroll based on employee retention and salary levels as well as qualifying rent, utilities and mortgage payments.
While the law has been passed, the rules are still being written. PPP loans will be made by SBA eligible lenders and there will be no fees. Queensborough National Bank is an SBA preferred lender and is experienced at accessing the SBA loan programs for our customers. We have added staff to ensure we are prepared to process these loans as soon as the rules are established. We are here to help our communities through these uncertain times.
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. Member FDIC. Equal Housing Lender.