April 3, 2020 – Associated Bank announced today that it has begun accepting 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 know these are difficult times for our business customers. Associated Bank is here to support them now and through the uncertainties ahead,” said Philip B. Flynn, president and CEO. “We want to assist our customers in accessing these emergency funds so they may continue to pay their employees and, ultimately, sustain their business.”
This program is provided through Associated Bank as well as other financial institutions. To help meet the anticipated high demand for this program, Associated Bank will begin processing applications over the weekend. Applicant participation is subject to SBA eligibility requirements and funds are limited.
Additional details about the application process is 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. The company continues to evaluate its COVID-19 efforts and will consider options to extend or expand its relief program as the situation evolves.