As a certified Small Business Administration (SBA) provider, Horizon Bank will continue to monitor how the CARES Act will be administered, along with specifics on the Paycheck Protection Program (PPP).
The PPP provides cash-flow assistance through 100% federally guaranteed loans to employers who maintain their payroll during this emergency. PPP has a host of attractive features, including forgiveness of up to 8 weeks of payroll, based on employee retention and salary levels, and no SBA fees, and at least six months of deferral with maximum deferrals of up to a year.
If you are a small business, sole proprietor, non-profit or church, we can support Horizon Bank customers you through the process from start to finish.
Contact one of our lenders today or email us at SbaGovLending@HorizonBank.com for assistance.