At Cape Cod 5, we realize local businesses are vital to our economy. As your trusted financial partner, we want you to know that we are here to support you and your business, especially during this challenging and unsettling time.
Paycheck Protection Program
As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) provides First Draw and Second Draw loans to small businesses to cover certain near-term operating expenses.
For information on other loan programs available to businesses impacted by COVID-19 provided through the SBA, visit the link below.
Cape Cod 5 is an Approved SBA Lender
Below you will find a list of measures that Cape Cod 5 has taken to provide relief and support for our business customers during this time, along with some additional resources you may find helpful.
Accommodations and relief for business customers
As always, as your trusted financial partner, we are here to answer any questions you may have during this time of uncertainty. Please contact us at 888-225-4636.
Local, state and federal resources
The U.S. Small Business Administration (SBA) has made Economic Injury Disaster Loans (EIDL) available to eligible businesses and non-profits of any size that were previously profitable and were adversely impacted by the COVID-19 outbreak. More information and an online application can be found at https://disasterloan.sba.gov/ela.
Massachusetts offers Covid-19 Resources and Guidance to assist the business community in navigating the outbreak of Covid-19. Learn more at https://www.mass.gov/info-details/covid-19-resources-and-guidance-for-businesses#sector-specific-relief-grant-program-for-massachusetts-businesses-
Southeastern Economic Development Corporation (SEED) provides resources for small business owners that can be found at https://www.seedcorp.com.
Coastal Community Capital is another great local resource supporting Massachusetts businesses. Details on their offerings can be found at https://www.coastalcommunitycapital.org.
We are here for you
As always, as your trusted financial partner, we are here to answer any questions you may have or provide assistance. Contact your Loan Officer or our Customer Service team at [email protected] or 888-225-4636. Our team is ready to help you navigate through this, and we’re as committed as ever to supporting you and your financial needs.