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SBA Paycheck Protection Program (PPP)

SBA Paycheck Protection Program

Important Update!  Because of the overwhelming response and challenging backlog, we're taking a pause from
receiving PPP applications via this site.
Please Read by Clicking Here

SBA PAYCHECK PROTECTION PROGRAM (PPP)

We’re here to continue supporting our businesses

Queensborough National Bank & Trust Company is committed to helping our business customers during the COVID-19 epidemic. The Paycheck Protection Program, part of the new CARES stimulus package, is a federal loan program aimed at helping small businesses who have been severely impacted by COVID-19.

Please return to this page frequently for updates and information.

Quick Facts

Uses
Payroll, mortgage interest, rent and utilities, Interest on debt incurred before 02/15/2020

Amount
2.5X business’s average monthly payroll (subject to caps)

Rate
Fixed 1.0% Annual Percentage Rate

Terms
No payments for first 6 months and a total 2-year term

Forgiveness
Up to 100% with approval (subject to validation of qualification)

Resources

Information for Borrowers

PPP Forgiveness Application

SBA Small Business Guidance & Loan Resources

Welcome to Queensborough National Bank and Trust, your destination for all of your banking needs.

We offer a wide range of banking services including personal banking, business banking, mortgage services, and wealth management. At Queensborough, we offer various financial services and banking products to our retail and corporate customers through a variety of channels.

Started in 1902 as the First National Bank and Trust Company, today Queensborough has over 25 locations spread across the state from Augusta to Savannah. We take pride in offering professional banker expertise coupled with a personal banker attitude while offering first-class customer services to our esteemed customers. At Queensborough, we provide state-of-the-art technology to make the banking experience the best it can be for our customers. Time and again, Queensborough National Bank and Trust has been recognized by its patrons for our trustworthy and reliable services.