Relief for Businesses Impacted by Coronavirus
At The Bank of Missouri, we are committed to the success of local businesses as they navigate the coronavirus situation. Here you'll find information about Bank of Missouri relief options as well as links to programs offered by the U.S. Small Business Administration.
The Paycheck Protection Program (PPP)
The Paycheck Protection Program was introduced as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to help businesses keep their workforce employed during the COVID-19 crisis.
UPDATE: The Paycheck Protection Program has ended, and we are no longer able to accept new applications. We continue to work with borrowers on forgiveness applications.
The forgiveness application is due 10 months after the 8-week or 24-week covered period, whichever the borrower selects. Borrowers can apply for forgiveness as soon as all the funds have been spent, but not before the minimum 8-week period.
Learn more about PPP forgiveness at the SBA website.
Additional U.S. Small Business Administration Programs
Shuttered Venues Grant
Eligible venues may be able to use the Shuttered Venue Operators Grant program for emergency assistance. Learn more about the shuttered venues grant >>
You may be eligible to combine some SBA relief options. Visit the SBA website for an eligibility table.
The Bank of Missouri Relief Options
We have a variety of loan assistance options for existing Bank of Missouri borrowers. These solutions are available to and determined on an individualized basis. Your business is unique and your needs are unique during this unprecedented time. Let's have a conversation. We are committed to our local businesses, and we're here to help. Reach out to your banker or give us a call at 888-547-6541.