Paycheck Protection Program (PPP) Update

UPDATE – 07/01/20: Since April, Park State Bank and Trust has reviewed over 300 PPP applications, extending 205 Paycheck Protection Program loans for a total value of just over $5 million. This program allowed PSBT to protect 1022 local jobs with this funding.

As of June 30th, the PPP program is closed. Congress is currently considering extending it through August 8, 2020. PSBT has paused accepting applications at this time but will consider reopening the program again if the SBA extends the program.

If you have any questions, please email kathryn.perry@psbtrust.com

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photos courtesy of The Pikes Peak Guy
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