On December 1, the Small Business Administration released public data about Paycheck Protection Program borrowers—specifically, the borrowers’ names, addresses, exact loan amounts and who their PPP lenders were. This was done by court order following lawsuits brought by media organizations seeking the data. We want you to know that we, as your bank, did not publicly disclose the data and played no role in the court decision. Our commitment to protect your privacy is paramount, and we follow all applicable laws and regulations. Unfortunately, we have heard that some third party businesses are using information from the court-ordered data release to market themselves to PPP customers. These communications may reference our bank’s name and may even imply that we have some kind of relationship. You should be aware that CRBT will communicate directly with you about your PPP loan and the forgiveness process. If you have any doubt, please call us directly at 319.862.2728.
CRBT SBA Paycheck Protection Program
Welcome to the Cedar Rapids Bank & Trust Paycheck Protection Program (PPP) information page. The PPP is a federal loan program administered by the Small Business Administration (SBA) that helps businesses affected by COVID. Under the PPP, businesses may be eligible to receive an SBA loan to cover costs for payroll and certain other expenses and may be eligible to have the loan forgiven.
CRBT is proud to serve our communities as a SBA Paycheck Protection Program lender, helping clients with both new PPP loans and forgiveness of loans received in 2020. To further assist you, please tell us the reason for your visit:
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