Paycheck Protection Program funding expected to run out soon
New Orleans-area lenders are preparing for the second round of funding in the Paycheck Protection Program to be exhausted soon. By Sunday, over half of the $310 billion allocated…
Will your PPP loan get funded? Local lenders weigh in
The Small Business Administration’s system that processes loans is still slow. Some banks are seeing more loan applications. And although the amount of funding being sought is significantly smaller, there…
Louisiana loan program off to sluggish start
Louisiana economic development officials are trying to boost a state-led loan program for small businesses that has been slower to ramp up. But they’re running into challenges from banks too…
The PPP loan program is out of money. What’s next?
Many New Orleans-area business owners seeking federal forgivable loans will have to wait until Congress adds more money in order to apply or advance their current applications to the funding…
Where’s the money, Week 2: Some can’t apply for loans yet
As concerns rise that a $349 billion federal forgivable loan program will soon run out of funding to disburse, some New Orleans-area business owners say they haven’t been able to submit applications…
IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments
WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts…
Where’s the money? Loan program a scramble for local businesses, banks
Three days after the start of a $349 billion federal loan program to help business owners survive COVID-19, the prediction that it would a challenge to immediately distribute money appears…
Paycheck Protection Program (PPP) Loan Information
We are an SBA Approved lender and are accepting applications for Paycheck Protection Program (PPP) loans. Learn more about PPP loans, which were recently authorized by the enactment of the…
Coronavirus loans bring challenge for local banks
As they await guidance from the U.S. Small Business Administration, community banks are preparing for the disbursement of $349 billion worth of loans to help businesses affected by the COVID-19…
CARES ACT Small Business Relief Summary
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law, and we must wait for the SBA to issue official guidelines for Banks to follow in…