skip to main content
Bank Security  |   Rates   |   About Us  |   Locations   |   Contact   |   Disputes
(636) 583-2555

Paycheck Protection Program (PPP)

The CARES Act - Paycheck Protection Program

Last Updated : April 27, 2020 

On April 27, the United States government replenished funding for the SBA Paycheck Protection Program (PPP) Loans. 

If you have any questions regarding a PPP loan please contact us at 636-583-2555 and ask to speak to an experienced lender today.

Small Business Administration  

On March 27, 2020, the United States Congress and President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). A large piece of this act contains help for small businesses across the nation in the form of the Paycheck Protection Program (PPP) Loans. 

For more information as to how this impacts you as a business owner, please visit the SBA website here.

 One of the most pressing needs is helping your business retain employees and keep your doors open. Here are some highlights of the Paycheck Protection Program (PPP):

  • Starting on Friday, April 3, small businesses and sole proprietorships can apply and receive loans to cover their payroll and other certain expenses through United Bank of Union and other existing SBA lenders. 

  • Starting on Friday, April 10, independent contracts and self-employed individuals can apply and receive loans to cover their payroll and other certain expenses through United Bank of Union and other existing SBA lenders.

 

For the latest information regarding the Paycheck Protection Program, please see these resource links below.(Links updated 04/03/2020)

 

To safely and securely upload necessary documents and completed applications, please follow the link below to our Sharefile site.