By writing of Sin Comillas
Oriental confirmed that it began receiving applications for the second round of granting loans from the Payroll Protection Program (PPP). Currently, it is only available to clients who have not applied for a loan from this Program, these clients can apply through orientalbank.com/ppp. Clients who have already participated in this program should wait for the option to apply for them, soon.
“This segment plays a very important role in the economy of our Island, and they need our support to be able to continue operating their businesses and not be further affected economically. They have been hard months for them, and from the beginning we have been there helping them. In total, we have granted more than $ 275 million in PPP loans, impacting 3,300 businesses and 58 thousand employees of those businesses, ”said Carlos Comas, vice president of Business Banking at Oriental.
“We were the first bank to create this digital process from the first round and offering quick responses to our clients. This time it will be done in the same way, first with those who have not participated in the program and then with those who have previously applied ”.
The loans in addition to helping small and medium-sized businesses with employee retention will also cover additional expenses, including operating expenses, property damage costs, vendor costs, and worker protection expenses.
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