In anticipation of additional funding for the Payroll Protection Program (PPP) under the CARES Act, United Community Bank will resume accepting applications for small businesses interested in participating in the PPP. Additional funds were approved by the Senate on April 21 and the House is expected to review the bill later this week.
Potential applicants should indicate interest by registering on ucbi.com/CARES. In order of expressed interest, United will provide each registrant with a link to an online application portal to complete the application requirements. Applications will be added to the current United PPP loan queue in the order in which they are completed. Those businesses who have already completed a PPP loan application with United, but who did not have funding reserved prior to the SBA halting the application process, will be given priority in the order in which their application was completed.
United is committed to helping its small business customers and other small businesses affected by COVID-19. To date, the bank has assisted more than 6,900 small businesses reserve nearly $1 billion in PPP funding. The bank hopes to support additional small businesses through this program if funding becomes available.
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) is a bank holding company headquartered in Blairsville, Georgia, with executive offices in Greenville, South Carolina. United is one of the southeast region’s largest full-service financial institutions with $13.1 billion in assets, and 149 offices in Georgia, North Carolina, South Carolina and Tennessee. It operates principally through United Community Bank, its bank subsidiary, which specializes in personalized community banking services for individuals, small businesses and companies. Services include a full range of consumer and commercial banking products, including mortgage, advisory, and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service. For five of the past six years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast. In 2019, Forbes magazine included United in its inaugural list of the World’s Best Banks, and in 2020, recognized United for the seventh consecutive year on its list of the 100 Best Banks in America. United Community Bank also received the 2019 Greenwich Excellence Award for overall satisfaction in Middle Market Banking in the South and Small Business Banking Excellence Awards for both overall satisfaction and cash management in the South. Additional information about UCBI and the Bank can be found at www.ucbi.com.
