COVID-19 Update: Business
CommunityAmerica is committed to creating lasting relationships with the local business community and the individuals who work so hard to make them successful. We know there are many questions concerning COVID-19 and its impacts on your business. We are a Small Business Administration (SBA) lender, and we are here to help you. Whether you are looking for SBA loans, payment deferment options, loan extensions or advice, our team is ready to assist you.
January 2021 Update: We intend to open our Paycheck Protection Program (PPP) loan application for both First Draw and Second Draw PPP loans on Tuesday, January 19th. The Small Business Administration (SBA) has indicated that we may begin processing applications at that time. For existing business members, the link to access the application will be available in online banking and sent directly to your email. Businesses will have until March 31, 2021, to apply or until funds run out, whichever comes first.
If you have any questions, our dedicated PPP team is available to assist at 913.905.7012.
We will continue to provide updates on this page as more information becomes available. Please watch your email, as we expect to communicate more details as we have them in the coming weeks. If you are not currently a business member with us, we encourage you to visit your nearest branch location to open an account for the quickest access to PPP communications and funding. During this time, we also encourage you to contact your accountant and/or legal counsel to discuss how the new legislation may impact your business and help you best prepare for next steps.