Freedom is amongst the pair finance companies in the united states that efficiently delivered required investment to help you high people have been upcoming ready to help you reposition and you may recapitalize to manage from most challenging weeks of your COVID-19 pandemic.
The bank plus established that it will getting participating in new brand new Salary Protection Program (PPP) registered about latest monetary rescue plan, which has an additional $284 billion to the PPP to principal site possess small enterprises during the 2021. Independence Lender played a big part regarding local business society for the 2020 from the originating $105 billion from inside the PPP funds for more than five-hundred customers, 250 where was indeed new customers to the Lender.
The bank has started to become gearing right up for the next round off money. When you yourself have currently gotten a beneficial PPP mortgage, here are the main information away from system change and you will qualification to have an extra PPP mortgage:
An extra PPP loan will be readily available for enterprises having a lot fewer than simply 300 personnel and that suffered a loss in funds from 25% in line with the earlier year comparable financial quarter. (більше…)