Local bank can help with PPP loans
Published 12:00 am Wednesday, January 20, 2021
First National Bank USA is here to help you apply for Small Business Administration PPP loans. The local bank helped hundreds of businesses obtain forgivable PPP loans in 2020 and would love to do the same for more businesses in 2021 with the next round of stimulus funds.
The Small Business Administration is releasing more regulations for the next round of loans. The initial guidelines for eligibility are as follows:
- Employ fewer than 300 employees
- At least a 25 percent reduction in gross receipts in the first, second, third or fourth quarter of 2020, relative to the same period in 2019.
Please visit fnbusa.com for information on existing PPP loans, and watch for updates on the new PPP program being rolled out. Contact one of the First National Bank USA branches to apply.
First National Bank USA has locations in LaPlace (985-651-0781) and Boutte (985-785-8411). For more information, email fnbusa.com.