Small Business Owners Getting a Second Chance for the PPP

FOR IMMEDIATE RELEASE

Media Contact:

Jennifer Sherlock

(609) 369-3482

jsherlock@jennacommunications.com 

 
Small Business Owners Getting a Second Chance for the PPP

Millersburg, PA (April 6, 2021)- The Paycheck Protection Program has been extended until May 31 for small business owners to apply, and allows banks and the Small Business Administration another 30 days past that to approve the loans. Small business owners begged for an extension of the deadline, and President Biden signed the PPP Extension Act of 2021 into law on Tuesday to make it official.

Mid Penn Bank has approved and disbursed more than $355 million in PPP loans to more than 2,800 businesses in 2021. Approximately $130 billion remains available in the SBA’s program, so the CEO of Mid Penn Bank couldn’t be happier to continue to help small businesses bounce back from the economic fallout.

“We will continue to accept PPP loan applications and help business owners with the process until the program expires,” says Mid Penn Bank President and CEO, Rory Ritrievi. “We will keep processing loans and helping small businesses remain afloat no matter what it takes. If you have been debating whether to take a PPP loan for your business, this gives you additional time to collect documents, consider your options, and apply with us today.”

If you would like to interview the CEO of Mid Penn Bank, Rory Ritrievi, to provide small businesses helpful tips on how to start the application process, or to understand if they qualify for PPP loans please contact Jennifer Sherlock at jsherlock@jennacommunications.com

About Mid Penn Bank:

Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Millersburg, Pennsylvania, is the parent company of wholly-owned subsidiaries Mid Penn Bank and MPB Financial Services, Inc.  Mid Penn Bank has been serving the community since 1868, operates retail locations throughout the state of Pennsylvania and has total assets of more than $3 billion. Its footprint includes Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill, and Westmoreland counties. The Bank offers a comprehensive portfolio of products and services to meet the banking needs of the communities it serves. To learn more about Mid Penn Bank, visit www.midpennbank.com.

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