As an approved lender with the U.S. Small Business Administration (SBA), Blue Foundry Bank announced today the relaunch of its Paycheck Protection Program (PPP), a part of the 2021 Consolidated Appropriations Act (CAA). As a part of its unyielding commitment to the community, Blue Foundry Bank is now inviting new and existing PPP customers to apply online for the next phase of loans.
The PPP is a federal loan program aimed at helping businesses who have been impacted by the pandemic and provides small business loans to help cover costs associated with payroll, rent and utilities. As a part of its commitment to ensuring seamless, high-touch experiences for its customers, each PPP applicant at Blue Foundry Bank will be directly connected with a team member for support and an open dialogue throughout the application process.
“As a bank with deep roots in the communities we serve, Blue Foundry Bank feels a responsibility to support small businesses as they continue to face ongoing hardships,” said James D. Nesci, President and Chief Executive Officer of Blue Foundry Bank. “Our main goal is to serve as a resource to help local businesses navigate the myriad of challenges brought on by the pandemic as they work to rebuild in the coming year.”
Effective immediately, existing Blue Foundry Bank PPP customers can apply for their second round of funding by using the following link and their existing credentials here. New and first time PPP applicants can begin the process by filling out the form on this page.
For additional information about PPP funding and the application process, customers can contact their local Blue Foundry Bank to speak with a Universal Banker at 888-931-BLUE or visit SBA.gov to learn more.