Greenleaf WI, May 24, 2021 – GreenLeaf Bank has officially funded 147 Paycheck Protection Program (PPP) Loans, totaling over $4.5 million to assist local businesses. The PPP program provides forgivable Small Business Administration (SBA) loans to businesses adversely affected by the covid19 pandemic meeting specific guidelines.
"Our existing partnership with the SBA provided us the ability to quickly make significant contributions to the local business community at a time of great need,” says GreenLeaf Bank President/CEO David Krutz. "Bank staff put forth an amazing effort to make these loans happen. So, it’s extra gratifying to see the positive impact on local businesses and their employees.”
On May 4th, the Small Business Administration announced Paycheck Protection Program funding had been exhausted and the application portal is no longer accepting new requests.