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The SBA Paycheck Protection Program: Challenges and Opportunities for Community Banks

Blog May 4, 2020 by Regional Pulse Podcast

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The CARES Act: Retirement Accounts

Blog April 20, 2020 by Idea Vault Blog

RMDs Suspended for 2020 A major CARES Act provision suspends Required Minimum Distributions for 2020—these are the minimum amounts that a retirement plan account owner must withdraw annually. Though account holders aren’t required to make withdrawals, you’re still welcome to take distributions. If…

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The CARES Act: Student Loans

Blog April 13, 2020 by Idea Vault Blog

Suspended Payments The CARES Act created an automatic suspension of principal and interest payments on federally owned student loans from March 13 to September 30, 2020. The interest rate will be set to 0% during this time. Essentially, this means that you won’t see any consequences for not making…

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The CARES Act: Individual Benefits Overview

Blog April 6, 2020 by Idea Vault Blog

Expanded Unemployment Unemployment insurance availability has been expanded to cover those who may not usually qualify, such as people who are self-employed or have a light work history. Those diagnosed with COVID-19 or who are caring for someone with it may also qualify. The benefits of unemployme…

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The CARES Act: What You Should Know

Blog March 31, 2020 by Laurel Sykes

In addition to the SBA’s Economic Injury Disaster Loans (EIDLs) which are already available directly from the SBA, the CARES Act expands the scope of businesses eligible for Section 7(a) loans and it modifies the maximum loan amounts and permitted use of the loan proceeds under a “Paycheck Protecti…

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CARES Act Signed into Law

Blog March 27, 2020 by Laurel Sykes

For our SBA loan customers, the SBA’s Economic Injury Disaster Loans (EIDLs) are already available by applying directly through the SBA.  Please visit our blog post from earlier this week here for information and resources to assist you in applying for an EIDL.You may also be hearing in the news an…

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Essential Services

Blog March 26, 2020 by Laurel Sykes

This includes law enforcement and public safety professionals, as well as those in food production and certainly our heroes on the front line of this pandemic, our emergency responders and health care providers.  In fact, the President issued a statement on Monday stating, “If you work in a critica…

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Small Business Resources

Blog March 24, 2020 by Laurel Sykes

Businesses have been forced to temporarily close their doors or change their business model to comply with the order, and many are faced with tough decisions about how they can continue to operate amidst all this uncertainty. We know you are probably being inundated with information, and there are…

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Pandemic Relief

Blog March 23, 2020 by Laurel Sykes

The executive summary provided below was provided courtesy of Jody Holehouse, ARB Board member and a partner with Nasif, Hicks, Harris & Co., LLP but we remind you that this should not be construed as advice and we encourage you to consult your tax advisor for the actual applicability to your tax…

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A Community Coming Together

Blog March 23, 2020 by Laurel Sykes

Today, we wanted to share tips on remote work strategies as well as resources for food and services during this difficult time.  In a second post this afternoon, we also wanted to share some thoughts from one of our Board members on what is developing in the area of income tax relief.  We’ve put a…

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