Centric Bank opens SBA program funding

Centric Bank launched a portal for small businesses to apply for the second round of Small Business Administration (SBA) Paycheck Protection Program (PPP) funding.

The portal is available to Centric Bank customers in the Philadelphia, Harrisburg, and Lancaster regions and the New Jersey counties adjacent to Pennsylvania.

Loans will be issued through March 31 or until funding is exhausted. Businesses receiving loans larger than $150,000 must indicate the dollar amount of total receipts for 2020 compared to 2019.

Prior PPP borrowers who have exhausted their initial loans are eligible for the second round.

“Our focus continues to be acting as a lifeline to businesses so they can keep their doors open and sustain their employees through the SBA’s Paycheck Protection Program,” Patricia Husic, Centric Bank [resident and CEO, said. “In 2020, we were privileged to fund more than 1,850 PPP loans totaling more than $215 million to existing customers and new customers. Now, our portal is once more open and offering full access to all businesses to apply for the latest round of stimulus funding. If you are a small business, minority-owned small business, or woman-owned small business and need information or have questions about the second round of PPP, we have a Centric Bank PPP specialist on call.”