CARES Act / Paycheck Protection Program (PPP)

UPDATE: Cornerstone Bank is currently accepting applications.

Congress passed the CARES Act on March 27,2020 to help support businesses and families through the Coronavirus pandemic. The CARES Act expanded the SBA 7(a) loan program, referred to as the Paycheck Protection Program (PPP). We encourage all small business borrowers (employees less than 500) who are impacted by COVID-19 to consider applying for a loan under this program. 

The first step is to contact your Cornerstone Banker. If you don't have a banker, please call 701-751-4658 or 701-426-2905.

Below are some key points about the Paycheck Protection Program:

It is important to take action as soon as possible as funds are limited.