News Blog

hands holding heartMarch 31, 2020 – For many years, Decorah and Cresco Bank and Trust has helped our customers and our communities through both good and challenging times. Today is no different, and we stand ready to help you and your small business or nonprofit. The CARES Act is the new federal relief package that was recently signed into law. Part of this act is the Paycheck Protection Program, a federal loan program aimed at helping small businesses impacted by COVID-19. Providing $350 billion in new lending capacity, this program accounts for a majority of the small business assistance. Decorah and Cresco Bank will be providing these loans as soon as the U.S. Small Business Administration (SBA) releases details and guidance on this program. To better understand the requirements for eligibility, go to the U.S. Chamber of Commerce’s Small Business Guide and Checklist.

 

 

Posted in COVID-19 by Decorah Bank on March 31, 2020.

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