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Hebron Savings Bank - Your Hometown Community Bank
 

SBA Paycheck Protection Program

Small Business Administration Cares Act - Paycheck Protection Program

 

As a courtesy to our customers as well as other businesses located on the Eastern Shore of Maryland, Delaware and Virginia, we are providing a link to a third party application for the SBA’s Payroll Protection Program. By clicking on the link below you will leave our website and be transferred to a website operated by Lendio.com.  

 

Important: Please note that your application will not be processed nor funded by Hebron Savings Bank. Any SBA participating institution assigned to you by Lendio during the application process will handle any resulting loan approval/funding. All loan inquiries will need to be directed to either Lendio or any lending institution assigned to you.  Lendio can be reached at 855-853-6346 or cx@lendio.com.

 

IMPORTANT: HEBRON SAVINGS BANK HAS NO CONTROL AS TO WHETHER OR NOT YOU WILL OBTAIN A LOAN THROUGH LENDIO OR ANY PARTICIPATING SBA LENDER.  HEBRON SAVINGS BANK DOES NOT GUARANTEE THAT LENDIO WILL BE ABLE TO ASSIGN AN SBA LENDER AND DOES NOT GUARANTEE THAT A LOAN WILL BE MADE.

 

NOTICE – The Federal Government has allocated a second round of funding for the Paycheck Protection Program. The new allocation nearly doubles the original allotment, but there is still concern that the additional funds may not be enough to satisfy the enormous demand. If you have previously submitted an application to Lendio for the Paycheck Protection Program, then your application is already in the queue. However, you may want to reach out to your Lendio Funding Manager to confirm that all the required information has been received. If you do not know who your Lendio Funding Manager is, please call Lendio at 855-853-6346 or email them at cx@lendio.com. Due to the finite allocation of funds from the Federal Government, submitting an application does not guarantee that sufficient money has been allocated by the Federal Government to fund all of the applications received. Click here for additional thoughts from Lendio regarding the current status of Federal funding for the Paycheck Protection Program (the opinions of Lendio do not necessary reflect those of the bank).

 

  •  Click here to begin your application.

 

The Paycheck Protection Program was enacted as part of The Coronavirus Aid Relief and Economic Security Act (CARES Act) passed by Congress and recently signed into law. The program provides for assistance to certain small businesses using the SBA’s 7(a) loan program.  For more information, including the most recent updates, please go directly to the SBA and US Treasury websites: