Paycheck Protection Program Resources

In anticipation of the second round of funding for the Paycheck Protection Program going live on Monday, the Boston Fed has created a web page with resources for New England smaller businesses including nonprofits to aid them in applying to this program. These resources may be helpful to your organization; as well we strongly request that you forward this email to your networks that include smaller businesses/nonprofits as soon as possible. It is anticipated that the second round of funding will run out quickly and that it is essential that applicants connect with a financial institution able to process their PPP loan immediately.

The resource page includes:

–          An info sheet describing the program

–          Links to other resources including program information and loan applications in 19 languages

–          A list of technical assistance providers indicating they are able to help small businesses/nonprofits apply for the PPP

–          A list of financial institutions that are able to process PPP loans for non-customers

You can visit the page here: https://www.bostonfed.org/in-the-region/covid-19-resources/paycheck-protection-program.aspx . The TA providers and FI lists will be updated as new organizations are identified, so please check back regularly in the coming days.

List of local banks and Credit Unions:

Western MA

• Freedom Credit Union
  
• TD Bank, Springfield, MA
• Westfield Savings Bank
• Florence Savings Bank
• Peoples United Bank
• Berkshire Bank
• Polish National Credit Union
• Country Bank
• Peoples Bank
• bankESB
• KeyBank
• Greenfield Cooperative Bank