Our teams have worked through the initial rush of applications for round two of SBA PPP funding. Since Monday morning, we have processed 21 new applications totaling $1.1 million in loans, protecting 137 jobs. Small businesses, some nonprofit organizations, independent contractors and self-employed individuals can apply for this loan. The Paycheck Protection Program is a loan designed to provide direct incentive for small businesses to keep their workers on payroll. According to the SBA, the loans will be forgiven when all employees are kept on the payroll for eight weeks and the money is used for payroll costs, interest on mortgages, rent and utilities. We are inviting anyone (current clients or not) to reach out to learn more as we expect this second round of funds to be exhausted soon. If you have not yet applied and want to learn more, visit the link below or call us at 701-664-3388 in Tioga or 701-965-6333 in Crosby.
We are continuing to monitor the latest news about the Coronavirus COVID-19 from a variety of sources as this situation continues to evolve every day. We are striving to do all we can to remain adequately staffed and continue to provide full banking services.
Beginning on Monday, April 6, we will transition both of our locations to drive-thru and ATM service only. However, each location will continue to be staffed and we invite you to call to schedule meetings with our team members. We will host these meetings over the phone or use our video conferencing software. We will continue to use DocuSign for important paperwork and signatures. If you need to access your safe deposit box, we ask that you call and schedule an appointment in advance of your visit.
- Access your accounts
- Transfer funds
- Check balances
- Use remote deposit capture
- Pay bills and make payments online
For our business clients, we have just published a blog on COVID-19 resources for small businesses, read it here.
We are committed to continue providing full banking services while keeping our clients, employees and community safe and secure. Please call us at 701-664-3388 in Tioga or 701-965-6333 in Crosby and we will be happy to help in any way we can and answer any questions or concerns you may have.
The Bank of Tioga