Paycheck Protection Program
The Small Business Administration (SBA) Paycheck Protection Program (PPP) is designed to give small businesses the capital they need to support payroll and other expenses during the continued disruption caused by the COVID-19 pandemic. Our entire team is ready to help small business owners navigate the PPP process. If we can help you with PPP loans or any other business needs you may have, please contact your lender. If you do not have a lender, you can call the bank directly.
January 11, 2021 – SBA re-opens PPP to Community Financial Institutions first. Learn more. Exchange Bank of Missouri is now accepting PPP applications.
This round of PPP funding includes loans to eligible small businesses that did not previously receive a PPP loan as well as a “second draw” option for eligible borrowers who have previously received a PPP loan.
For More Information or to get an application, please click below.
December 27,2020 – Lawmakers passed legislation that provides additional Small Business Administration (SBA) Paycheck Protection Program (PPP) funding for small businesses. It also provides simplified forgiveness applications for current PPP loans of $150,000 or less.