Legacy Bank Employees Work Around The Clock to Secure Small Business Loans Under The CARES Act
When the first round of the CARES Act was approved with a “$349 billion lending program for small businesses battered by coronavirus”, Legacy Bank quickly recognized the importance in assisting eligible small businesses in the communities we serve.
“As soon as the funds were available to us, our staff went the extra mile working around the clock making sure loans were secured for our current customers” said Brad Yaeger, Legacy Bank President and CEO.
In the first round of the Payment Protection Program (PPP), Legacy Bank submitted 314 loan applications totaling more than $33 million, which will benefit approximately 3,300 employees of local businesses.
“As more funding becomes available, we are ready and able to help assist. We want our customers and other businesses in the communities we serve to continue to retain employees and remain viable during this unprecedented time,” said Yaeger.