Paychek Protection Program (PPP)
Last Updated: 09/14/2021 8:00 a.m.
If you are looking for information about PPP please reference the link below.
2020 & 2021 Coronavirus Aid, Relief and Economic Security (CARES Act) PPP Efforts
Since the SBA’s Paycheck Protection Program (PPP) opened in 2020, NBT Bank has funded over 6,000 loans exceeding $830 million in relief. These funds support small businesses and not-for-profit organizations that employ 96,000 workers in the communities NBT serves.
The organizations supported by the PPP loans secured through NBT Bank include numerous main street retailers and minority and women-owned businesses, as well as rural hospitals and nursing homes, human and family services organizations, farms and other agricultural businesses, educational institutions, manufacturers, restaurants, contractors and construction businesses.
NBT Bank President and CEO John H. Watt, Jr. said, “The banking industry has played a crucial role in delivering relief through the PPP loan program to provide businesses and non-profits and their employees with a bridge to the post-pandemic economy. At NBT, we are proud of our team and their efforts to leverage our lending, operational and technical expertise to aggressively support this program.”