Platte Valley Companies processing Paycheck Program Applications for Small Business Administration

Published: Apr. 3, 2020 at 2:46 PM CDT
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Platte Valley Companies with bank locations in Colorado, Nebraska and Wyoming is successfully processing and submitting Paycheck Protection Program applications to the Small Business Administration.

The Paycheck Protection Program is a component of the CARES Act, which will provide economic assistance to small business that are impacted by COVID-19.

Lenders at Platte Valley Bank and Mountain Valley Bank locations began successfully submitting applications early this morning.

More information about the Paycheck Protection Program can be found at for Nebraska and Wyoming customers or for Colorado customers.

“This is an all hands on deck endeavor; our lenders, staff assistants and other bank associates have been working diligently to quickly adjust our processes to be able to assist our small business customers in immediately taking advantage of this great program." said President and Chief Executive Officer of Platte Valley Bank and Companies Hod Kosman. “We are proud to be able to efficiently assist our customers in this manner, with something that will truly ease the burden they are feeling during these trying times. Our ability to process millions of dollars in PPP applications in the first few hours of this program emphasizes the value of community banking.”