Paycheck Protection Program Now Available
On Thursday, April 2, 2020, the U.S Treasury Department and Small Business Administration issued further guidance for the CARES Act’s Paycheck Protection Program (PPP), which will provide up to $350 billion in loans to help small businesses maintain payrolls during the coronavirus pandemic.
First Community Bank of East Tennessee has now been approved to make these loans.
We ask for your patience as the program begins, and we learn more about how we can assist our community.
Tennessee banks entered this pandemic from a position of strength, thanks to record capital and liquidity levels as well as prudent planning and risk management. At FCB, we look forward to helping small businesses get back to work and seeing our economy resume its strength. For the most up-to-date information regarding this program, visit sba.gov/ppp.
The perfect fit for your business
Planning an expansion and need funding for growth? Or do you need help with seasonal cash flow? First Community Bank has a team of seasoned Commercial Bankers with the experiences and lending resources to customize financing and meet your objectives.
- Amortizing Term Loans and and Lines of Credit
- Working Capital Lines of Credit
- Construction Lending
- Commercial Real Estate
- Equipment & Machinery Financing
- Tenant Improvements
- Business Expansion and Asset Acquisition
- Government Guaranteed Lending
For business and commercial lending inquiries, please contact one of our conveniently located Commercial Bankers:
EVP & Chief Lending Officer
VP of Retail Lending
NMLS ID #1704125
VP & Commercial Lending Officer
NMLS ID #1465002