United Community Bank describes PPP effort
After Congress passed the federal CARES Act, banks rushed to help small business owners secure the funding they needed to stay afloat through the SBA backed Payroll Protection Program. For us, this meant team members from all departments rallied together and worked around the clock to handle the huge influx of loan applications. And when the first round of PPP funds were depleted, our North Carolina teams had successfully approved more than $125 million in loans for local businesses in the state.
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