SBA Paycheck Protection Program
If you're looking for information about PPP Forgiveness, visit our PPP Loan Forgiveness page.
As you may have read, a $325 billion Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Act) was signed late December 2020 by the President, which includes three distinct Small Business Administration (SBA) Paycheck Protection Program (PPP) loan opportunities for 2021. These PPP loans are intended to provide assistance to qualified businesses struggling to recover from the impact of the COVID-19 pandemic.
We are pleased to share that Central Valley Community Bank was able to provide funding as part of the latest round of PPP Loans since January 2021 for our existing clients. As of May 4, 2021 the SBA announced that national PPP funding for traditional banks, including CVCB has been exhausted; therefore we are no longer able to process new PPP Loan applications.