Mississippi Banks Assisting with CARES Act
Paycheck Protection Program Loans
Mississippi banks are working around the clock to assist borrowers seeking relief through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Small Business Administration continues to add new Mississippi lenders who apply for the Paycheck Protection Program loans.
“Mississippi’s banks understand the urgency of supporting small businesses and are committed to doing all they can to support small employers all around our state that are struggling with unprecedented challenges right now. The SBA PPP program provides a great tool for banks to help customers, and our banks are eager to work with local small businesses to take advantage of this program,” said Gordon Fellows, President and CEO, Mississippi Bankers Association. Fellows pointed out banks are also assisting customers with other relief programs for companies impacted by COVID-19.