General Updates

Update: 4/3/2020 - Paycheck Protection Program applications start
Update: 3/23/2020 - Email to our customers
                                 Alternate Ways to Bank Safely
Update: 3/17/2020 - Letter to our customers from our President and COO
 

Paycheck Protection Program

The Paycheck Protection Program (PPP), which was established in the CARES Act, provides small businesses (up to 500 employees) with forgivable loans to pay their employees during the COVID-19 crisis. The portion of the loan that is used for covered payroll costs, interest on their mortgage, rent, and utilities would be forgiven if the business maintains their employee and compensation levels.

ProGrowth Bank is an SBA approved bank. We started accepting applications for this program Friday, April 3.

PPP Borrower Information Fact Sheet
PPP Overview
Fill out an Application
Visit the Paycheck Protection Program on the SBA website for more details.
  

COVID-19 Economic Injury Disaster Loan

Apply for a COVID-19 Economic Injury Disaster Loan

 

State and Local Links

The following links feature valuable COVID-19 information and resources in your area:
 

• Center for Disease Control - Coronavirus Resource Page: https://www.cdc.gov/coronavirus/2019-nCoV/index.html
• Greater Mankato Growth: https://greatermankato.com/covid-19-info-resources
• Mankato Clinic: www.mankatoclinic.com/covid-19-information
• Mayo Clinic Health System: https://www.mayoclinichealthsystem.org/covid19
• Minnesota Chamber of Commerce: https://www.mnchamber.com/blog/covid-19-business-toolkit
• Minnesota Attorney General's Office: Protect yourself from COVID-19 scams, report price-gouging
• Minnesota Department of Employment and Economic Development: https://mn.gov/deed/newscenter/covid/
• Minnesota Department of Health: https://www.health.state.mn.us/diseases/coronavirus/index.html