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Turn to us when you need flexible access to capital, new equipment or real estate for your farm.

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What can I do to get a loan for my business?

The government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 28, 2020, deployed $2 trillion to help people and businesses impacted by the COVID-19 pandemic. The CARES Act is the largest package of its kind in U.S. history.

Expanded SBA benefits will enable more companies to qualify for larger loan amounts at more favorable terms:

  • Paycheck Protection Program will provide loans to small businesses affected by economic conditions as a result of COVID-19 by increasing the SBA 7(a) loan program maximum to $10 million.
  • SBA Express program maximum increased to $1 million (from $350,000).

We can help you determine your eligibility for the expanded SBA benefit program. Contact your First Bank Relationship Manager today.

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