GAB shares paycheck protection info

From Local Sources

JASPER — As a certified Small Business Administration lender, German American Bank is sharing additional information from the Indiana Bankers Association about the Paycheck Protection Program, which is designed to provide emergency relief for small businesses and nonprofits affected by COVID-19.

“The PPP program officially [launched Friday] and we are in close contact with federal agencies and regulators to understand the latest guidance provided [Thursday],” said Clay Ewing, president of GAB. “Our business bankers are proactively working with our customers to support them through the process, while encouraging businesses to remain patient as German America Bank, along with other banks offering the PPP program, receive and understand all of the necessary information to get applications processed.”

German American Bank also encourages businesses and individuals seeking assistance to conntect with their banker to discuss options available tohelp them through this time of disruption.

“While it’s not yet possible to fully understand the effects of this unique situation, we remain confident in our ability to work through this together with our valued customers,” added Mark Schroeder, chairman and CEO of GAB.

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