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Paycheck Protection Program  Update

Paycheck Protection Program Update

Friday, March 12, 2021/Categories: Bank News

Community First Bank’s Paycheck Protection Program (PPP) team has worked tirelessly over the past 12 months to ensure that our business and farm customers continue to receive the support and aide they need through this valuable program. Though the processes and regulations surrounding the program continue to remain fluid, Community First Bank’s team has been committed to providing timely and accurate information to ensure our customers remain informed. 

In the first round of the program, CFB provided our eligible business and farm customers with PPP loans totaling more than $20 million dollars. These loans not only provided much needed financial support to our customers during these challenging times, but they also helped to stabilize our local economies by keeping our family, friends, and neighbors employed and our local businesses open. 

Although the first round of PPP funding provided much needed financial support, more was needed. CFB is currently processing applications for Phase II of PPP funding. If you are currently in the forgiveness period of Phase I or needing to apply for Phase II, please contact your banker or your local branch for assistance. 
 

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