Monday, March 23rd
Provided by Iowa Economic Development
IOWA SMALL BUSINESS RELIEF FUND
On Monday, March 23, Governor Reynolds announced a new Iowa Small Business Relief Program that will provide financial assistance to small businesses and tax deferrals to any Iowa businesses that have been economically impacted by the COVID-19 pandemic. Application deadline is Tuesday, March 31, at 12 p.m.
For more information or to apply, visit the Iowa Economic Development site, iowaeconomicdevelopment.com.
Wednesday, March 18th at 3:30PM
Slowing the spread- What can we do? At Frontier Bank our care for our customers goes way beyond finances which is why we feel a strong responsibility to do our part in slowing the spread of the COVID-19 Virus.
Effective at end of business today, March 18th and until further notice, access to the inside of any Frontier Bank branch will be available by appointment only.
Frontier Bank plans to remain fully staffed to accommodate all your banking, mortgage and investment services needs. We are taking this precaution to limit and control the environment of any in-person interactions. This critical step, among others, is being taken to help with social distancing, identified as a key deterrent to the spread of the virus.
During this time, we encourage you to conduct your banking business utilizing the following methods:
Above all, we are thankful for the opportunity to serve you. Since starting almost 90 years ago, Frontier Bank has worked alongside of you through many different events effecting our local economy, and we will be here for you through this too.
Tuesday, March 17th
Provided by the Small Business Association (SBA)
Today, as part of the Trump Administration’s aggressive, whole-of-government efforts to combat the Coronavirus outbreak (COVID-19) and minimize economic disruption to the nation’s 30 million small businesses, U.S. Small Business Administration Administrator Jovita Carranza issued revised criteria for states or territories seeking an economic injury declaration related to Coronavirus (COVID-19).
The relaxed criteria will have two immediate impacts:
“We’re very encouraged that banks and financial institutions are responding to the President’s efforts to mobilize an unprecedented public-private response to the Coronavirus (COVID-19) outbreak. As a result, most small businesses that need credit during these uncertain times will be able to obtain it. However, our goal is to ensure that credit is available to any and all small businesses that need credit but are unable to access it on reasonable terms through traditional lending channels,” said Administrator Carranza. “To that end, the SBA is relaxing the criteria through which states or territories may formally request an economic injury declaration, effective immediately. Furthermore, once an economic injury declaration has been made in a state or territory, the new rules allow the affected small businesses within the state or territory to apply for a disaster assistance loan.”
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Process for Accessing SBA’s Coronavirus (COVID-19) Disaster Relief Lending
For additional information, please visit the SBA disaster assistance website at SBA.gov/Disaster.
Friday, March 13th at 3:30PM
Just like you, we are monitoring the latest news of the coronavirus. We understand this pandemic will likely cause challenges and stress for you, our customers, which is why we want to reassure you that we are here for you. The health and safety of our customers and employees comes first, so we want to remind you that there are alternatives to in-person banking during this unprecedented time.
All five of our full-service branches are open and will remain open unless circumstances dictate otherwise. Please stay tuned to our emails, Facebook posts and website over the coming days and weeks for any changes.
Our employees are taking these preventative steps to avoid the spread of the coronavirus and we encourage you to do the same: