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Payroll Protection Plan
Update: August, 10th Accepting Forgiveness Applications for $150,000 and above
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Over The Past 21 Years,
First Citrus Bank Has Invested $0.98 Of Every Deposit Dollar Back Into The Tampa Bay Community.
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MAKING AN IMPACT
Cornerstone Furnished Solutions
Cornerstone Furnished Solutions reached out to us for help to ensure they could continue to provide jobs for their 18 employees - and provide furnished, short term housing solutions for people who are displaced, whether it be because of a move or an evacuation due to damage. We’re proud to be able to have helped them and keep their business running!
The demand for Paycheck Protection Program loans may not look robust at the moment, but several lenders who spoke with the Tampa Bay Business Journal said that another round could be needed. Demand was explosive when the Small Business Administration launched the program in April, which allows loans to be completely forgiven if a certain…
In April, businesses sought money. In August, they’ll be seeking forgiveness.On Aug. 10, the Small Business Administration will begin accepting applications for forgiveness of loans granted through the Paycheck Protection Program. The PPP, which was administered through the SBA, provided loans up to $10 million for businesses with less than 500 employees. About three months…
First Citrus (OTCQB:FCIT) reported second-quarter earnings on July 20, with another record quarter. These results were primarily fueled by PPP loans and COVID-19 re-positioning. The company’s valuation has taken a hit since February and is now at a level not seen since 2018. Second-Quarter Earnings The company reported quarterly earnings per share of $0.63, a…