SBA PAYCHECK PROTECTION PROGRAM
The SBA Paycheck Protection Program is a program through the U.S. Small Business Administration that passed into legislation on March 27, 2020 as part of the CARES Act to help businesses in the wake of the COVID-19 pandemic.
For more information visit:
SBA Paycheck Protection Program Page
People’s Bank is a “Preferred Lender” of the SBA. Benefit from the experience and dedication of our knowledgeable Commercial Loan Officers. With many years of experience, our Loan Officers will guide you through the process of obtaining financing for your business.
Who Is Eligible For A SBA Loan?
In general, your business can apply for a SBA loan if it is:
- Independently Owned and Operated
- For Profit
- Meets SBA Size Requirements
While eligibility may vary for different industries, SBA loans can assist nearly all businesses. People’s Bank offers competitive interest rates, lower equity requirements, and flexible terms and conditions. SBA loans are generally sought after for the following purpose:
- Working Capital
- Modernize Facilities
- Purchase Equipment
- Business Purchase
- Real Estate Acquisition
for more information about the Small Business Administration.
People’s Bank also offers other government guaranteed loans such as:
- Business Oregon
- USDA (United States Department of Agriculture)