Dear Village Bank Community,
We wanted to take this opportunity to provide an update on our participation in the SBA’s Paycheck Protection Program.
As you may have seen previously, as of Thursday, April 16, 2020, the original stimulus funding provided for the Paycheck Protection Program was exhausted. As of Friday, April 24, 2020 there is a second round of funding available through the Paycheck Protection Program. Similar to the first round, we anticipate that the funds will go quickly given the demand.
The Village Bank will accept applications for all businesses and nonprofits that have a commercial banking relationship with us, including our commercial deposit customers, as of March 31, 2020. If you have not done so already, please submit your completed application along with all supporting documentation to SBA@village-bank.com.
Our dedicated PPP team will work diligently to ensure that applications are processed and submitted to the SBA as quickly as possible. We kindly ask that if you have submitted a request, to please be patient. We will contact you when your request is being reviewed, though given the high demand, we cannot commit to an exact timeframe.
We appreciate your patience, understanding, and feedback. The satisfaction of all of our customers is deeply important to us and we are proud to do all that we can to help you, your employees, and our community during this most difficult time.
Thank you for choosing The Village Bank.
The Small Business Administration (SBA) has created a loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
The Paycheck Protection Program (PPP) is designed to provide a direct incentive for small businesses to keep their workers on the payroll.
- Please click here for full details about the loan program.
- The PPP Application can be found on the U.S. Treasury Department website.
- Please click here for a list of documentation required with a completed application.
If you meet the qualification criteria outlined above please submit your completed application and supporting documents to SBA@village-bank.com. We will contact you when your application is being reviewed.