Paycheck Protection
Program Loans

Forgiveness Information and FAQ's

Recent Updates

Important Updates Regarding Paycheck Protection Program (PPP) Loan

We are continuing to provide updates so you are as informed as possible about the forgiveness portion of the Paycheck Protection Program (PPP) loan. There have been two very important recent releases regarding the PPP that will be highlighted in this email, one by the US Treasury, and one by the IRS.

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Questions About Your PPP Loan Answered

You need to stay informed about the forgiveness process and requirements of your loan. We have prepared an informational document including everything we know about the forgiveness process at this time...

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Coronavirus Scams and How to Protect Yourself

Be aware of recent coronavirus scams trying to take advantage of the economic support bills. The Department of Business Oversight (DBO) also urges consumers and investors to be alert to scams and unlawful activities in the investment and other financial services industries.

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Paycheck Protection Program (PPP)

The Paycheck Protection Loan Program (PPP) is a forgivable loan guarantee program that focuses on those companies or non-profit organizations with 500 or fewer employees that have closed or reduced business and/or have laid off employees.

 

Watch the video below of Mark Abouzeid, Owner of Chico Volkswagen Mazda, as he tells us about his experience with
Golden Valley Bank and the Paycheck Protection Program.

Talk to a Banker

 

 

Chico

Redding

Tyler Ruloph 781-1892 Eric Woodstrom 215-2009
Quinn Velasquez 894-4929 Jay Reagan 215-2005
Kyle Fales 781-1884 Jim Doss 891-4921
Ray Block 894-4928    
Mark Francis 894-4920     

Economic Injury 504 loan

A Direct Loan from the SBA is applied for and completed online only at this web site: www.SBA.gov/Disaster

  • Can be repaid over 30 years
  • May be the way to go if a business does not qualify for enough money to meet their needs under the Paycheck Protection Program above

These programs are subject to change as the agencies providing them interpret the CARES Act.

 

Updated May 5th, 2020