PPP Update
Star Bank is a certified SBA lender for the CARES Paycheck Protection Program (PPP).
What is the Paycheck Protection Program (PPP)?
The Coronavirus Aid, Relief, and Economic Security Act (or the CARES Act) created the Paycheck Protection Program (or PPP). This program helps banks offer relief in the form of forgivable loans guaranteed by the Small Business Administration (or SBA) to eligible small businesses in amounts up to $10 million (with the actual amount based on the borrower’s average monthly payroll and certain other costs in the previous year).
October 1st - SBA expected to soon start issuing PPP forgiveness decisions.
>Click here to read the article
October 8th - SBA & Treasury announce simpler PPP forgiveness for loans of $50,000 or less
Star Bank will begin submitting applications for PPP Loan Forgiveness on Monday, August 10th.
Please click the link below for more information:
SBA Emergency Loans
Please use the links below for the most up-to-date information on all the SBA emergency loan options