Details for STARCOM/BANK OF AMERICA C/O RESOURCES USA - Ad from 2020-05-22
Iowa, we’re committed to helping you through this At Bank of America, we recognize this health and humanitarian crisis has impacted everyone in different ways. Across our company, we're focused on supporting the well-being of our teammates, providing the essential financial services our clients need, and helping communities across the country move forward. We know small businesses have been especially impacted. We feel a deep sense of responsibility for helping them navigate the current environment, and to secure vital funding to stay operational and be able to pay their employees. This includes our around-the-clock efforts to support clients through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Our teammates are also focused on helping customers access additional resources. Through our Client Assistance Program, we've provided more than 1.6 million deferrals of mortgage, credit card and auto loan payments. Over 300,000 of our small business clients have received PPP funding for more than $25 billion in relief. Of the funded PPP loans to date, • 98% are for companies with fewer than 100 employees. • 81% are for companies with 10 or fewer employees. • 23% are from low- to moderate-income neighborhoods. In Iowa, this includes funding for 193 of our small business clients totaling $15 million. I am inspired and proud of the way all of us in Iowa have come together during this difficult time. Please stay safe. Heidi Parkhurst Iowa Market President For more information, visit bankofamerica.com/community. Data as of May 15, 2020 Bank of America, N.A. Member FDIC. Equal Housing Lender © 2020 Bank of America Corporation. All rights reserved.