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PPP Loan Information:

SBA advised as of May 4, 2021 the funds for PPP have been exhausted and they are no longer accepting applications.

PPP Loan

Understanding the benefits and risks for Small Businesses securing the SBA Paycheck Protection Program Loans can be difficult, so everything you need to know is right here. We're here to help you through the process.

SBA advised us as of May 4, 2021 the funds for PPP have been exhausted and they are no longer accepting applications. 

Paycheck Protection Program

Paycheck Protection Program (PPP) loans have been a welcome relief for small businesses across the country, and Peoples State Bank was proud to do everything we could to help secure approximately $32 million in loan approvals for more than 372 Small local businesses. Recently enacted federal legislation has restarted the PPP loans application and approval process. We are working diligently to make it easy for you to apply and provide you with the experience you have come to expect from Peoples State Bank.

Please understand that this information is intended as a summary; it is not comprehensive and is subject to change. Please consult your legal, financial and/or tax advisor(s) for further important details.

First PPP Loan

Second PPP Loan

PPP Loan Rates and Terms

Eligibility

The following businesses remain ineligible for PPP loans:

PPP loan applicants will need to have an existing Peoples State Bank checking account or establish one prior to disbursement of a Peoples State Bank PPP loan, and we will generally aim to handle applications on a first-come, first-served basis.

Please continue to check back here for the latest information about applying for a PPP loan. These highlights will apply to many borrowers, but there are some exceptions. Please email pppround2@peoplesfinancial.com. For full program details, visit SBA.gov and Treasury.gov.

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