The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.
There were 19,244 approved loans in Alabama representing $3,819,600,518 in approved dollars. We assisted with a lot of those and in fact, saw a deposit today of $74,000+. At this point, we are waiting to see if the President gets Congress back to approve additional funds.
As soon as we learn anything, we’ll update everyone here.
ServisFirst Bank and Citizens Bank & Trust are two institutions that really performed for our clients during this crisis. Just had to give them an honorable mention from first hand experience.
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