Associated Bank announced today that it is again accepting new applications for the U.S. Small Business Administration (SBA) Paycheck Protection Program.
This program provides small businesses with funds to pay up to eight weeks of payroll costs, including benefits. Funds may also be used to pay interest on qualifying mortgages, rent, and costs for utilities.
“We are pleased to have the opportunity to once again support our customers through the Paycheck Protection Program,” said Philip B. Flynn, president and CEO. “These funds are an economic lifeline for our business customers who are working to maintain their workforces and remain viable through the COVID-19 pandemic.”
On April 16, 2020, the SBA announced the original Paycheck Protection Program funds were exhausted. Since that time, Associated Bank has continued preparing qualified applications for submission to the SBA.
To help meet the continued high demand for this program, Associated Bank will begin processing new application inquiries immediately. Applicant participation is subject to SBA eligibility requirements and funds are limited.
Additional details about the application process are available at www.AssociatedBank.com/CARES. Customers may also find information about the Associated Bank COVID-19 Relief Program and other resources available at www.AssociatedBank.com/COVID-19.