Paycheck Protection Program (PPP)
The Small Business Administration (SBA)'s Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Old Point is proud to have helped approximately 1,000 small businesses and over 10,000 jobs in our community through PPP loans in 2020 and we look forward to assisting you with your continued PPP needs.
Legislation has been passed to provide additional stimulus to those impacted by COVID-19. Some of the highlights include $285 billion in new PPP funds, including a second draw option for prior PPP borrowers, and a simplified PPP forgiveness process for loans of $150,000 or less.
Please click on the appropriate link below for the information and applications relevant to your circumstances:
>> Click here to apply for a PPP loan
>> Click here to apply for PPP Loan Forgiveness
>> Click here to read more about the local impact of our assistance
If you have any questions, please reach out directly to your Branch Manager or Relationship Manager. If you aren't sure who to contact, you can call our Customer Service Center at 757.728.1290 or email PPPapplicant@oldpoint.com.