Effective Tuesday, May 4th, the Small Business Administration (SBA) announced that Paycheck Protection Program (PPP) funding has been exhausted. As a result, Town and Country Bank and Peoples Prosperity Bank is no longer processing new PPP loan applications.

Any applications that we received and submitted to the SBA prior to Tuesday, May 4th will still be funded. For questions regarding the status of your application, please contact your dedicated business banker directly or visit one of our locations.

The SBA has retained funding to allow designated Community Development Financial Institutions (CDFIs) to provide PPP loans to underserved and minority businesses who may qualify while these funds are still available. For more information or to locate a CDFI near you, please visit Opportunity Finance Network | CDFI Locator or contact the American Bankers Association at ppp@aba.com.

SBA PPP Loan Forgiveness

If you have already received a PPP loan and have not yet applied for forgiveness, you can learn more here.

Schedule Time with One of Our Business Bankers

Do you need help understanding all COVID-19 relief options available for your business? If so, we invite you to schedule a business financial review with one of our Business Bankers to discuss the best options for your business.