During these difficult times, as the COVID-19 virus continues to impact our communities, Noah Bank is here for you.
LOAN DEFERRAL PROGRAM: If you are loan customer who is experiencing difficulty or anticipating difficulty in making your loan payments as a result of COVID-19, Noah Bank’s deferral program is in place to help.
ECONOMIC INJURY DISASTER LOANS (EIDL): For small businesses impacted by the COVID-19 outbreak and located within a declared disaster area, a disaster relief loan through the Small Business Administration (SBA) may be available. This loan program provides eligible small businesses with loan advances of up to $10,000 with funds being available within three days of a successful application. For more information on this and to check the eligible disaster areas, please visit: disasterloanassistance.sba.gov.
PAYCHECK PROTECTION PROGRAM: On Friday, March 27, 2020 the CARES (Coronavirus Aid, Relief and Economic Security) Act was passed into law. This $2 trillion stimulus package in response to COVID-19, authorizes up to $349 billion in loans to small businesses for job retention and certain other expenses.
For more information regarding the CARES Act, please visit: ,<https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf
Noah Bank continues to monitor for final guidance on implementation of this program from the Small Business Administration and will update when available.
For more information, please call Seon Young (Stacy) Kim at (201) 292-8400, via cell at (917)-494-0857 or via email at firstname.lastname@example.org.