Business Relief Loans

We’re all in business together, and we’re all in THIS together.

These are unprecedented times, especially for businesses in the Northeast Kingdom, Central Vermont and New Hampshire’s North Country.

While it’s hard to know what tomorrow will bring, the best thing we can do right now is support each other. If your business is feeling the stress of uncertainty, your friends at Passumpsic Bank are ready to help. 

We have developed several loan options to assist your business. Our Commercial bankers are prepared to discuss options from extensions to lines of credit, extending the maximum available credit on existing Lines of Credit and forbearance agreements. 


SBA Paycheck Protection Program

As of August 8, 2020, Passumpsic Bank is no longer accepting PPP applications due to program expiration.

Fully Forgiven

PPP loan recipients can have their loans forgiven in full if the funds were used for eligible expenses and other criteria are met. The loan forgiveness amount may be reduced based on the percentage of eligible costs attributed to non payroll costs, any decrease in employee headcount, and decreases in salaries or wages per employee.

Click here for PPP Forgiveness Checklist 

Applications can be found at:

EZ Forms

https://www.sba.gov/document/sba-form-paycheck-protection-program-ez-loan-forgiveness-application

https://www.sba.gov/document/sba-form-paycheck-protection-program-ez-loan-forgiveness-application-instructions-borrowers

Regular Forms

https://www.sba.gov/document/sba-form-paycheck-protection-program-loan-forgiveness-application

https://www.sba.gov/document/sba-form-paycheck-protection-program-loan-forgiveness-application-instructions-borrowers

Let's talk

Contact us today and we’ll find a solution that works for you.

Contact Us