SBA CARES ACT and PAYCHECK PROTECTION PROGRAM

The entire Bank team has been working to process as many applications as possible to assist the community. We are proud to report we have processed over $101 million in PPP applications, which has helped save a total of 12,832 local jobs!  We are extremely proud of the tireless work of our team and our great communities.

The Bank of Greene County cares about the communities it serves, and we are here to help local businesses in our area with loan applications under the SBA CARES Act, Paycheck Protection Program. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocates funds to help small businesses keep workers employed during the pandemic and economic downturn.  Known as the Paycheck Protection Program (PPP), this initiative provides federally guaranteed loans to small businesses who maintain their payroll during this time.

The Paycheck Protection Program ended June 30, 2020.  For information on the status of a previously submitted application, or general information on Loan Forgiveness, please contact our Lending Center at (518) 943-1424 or your SBA Loan Specialist.

For details and instructions on Loan Forgiveness, go to:  SBA Paycheck Protection Program Loan Details and Forgiveness or The CARES Act Provides Assistance to Small Businesses

You can find additional resources regarding the SBA Cares Act and Paycheck Protection Program below:

U.S. Small Business Administration Coronavirus Relief Options

U.S. Small Business Administration – Additional Guidance and Loan Resources

For more information on our COVID-19 response and other resources, click here.