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On March 27th, Congress passed the CARES Act, which enacted the
Paycheck Protection Program (PPP) under the SBA’s 7(a) lending program.
This new program is designed to give small businesses the capital they need to support payroll costs and other expenses during the temporary disruption caused by the COVID-19 pandemic.
The SBA will no longer provide PPP loan numbers after June 30, 2020. As a result, we closed our PPP loan application on June 17, 2020 at 4pm ET, so we can make every effort to obtain SBA PPP loans for remaining applicants.
Please be aware of fraudulent activity related to the Paycheck Protection Program. The Small Business Administration, Internal Revenue Service and U.S. Department of the Treasury will not contact anyone directly related to the various relief programs. In addition, Citizens Bank colleagues will never proactively call and ask for your full social security number or other sensitive information via phone or email. Please note that any promises to expedite receipt of payment or increase the payment amount from the government for a fee are fraudulent.