A Message From First Sound Bank Regarding The CARES Act & SBA Relief Loans:
On Friday March 27th 2020 the federal government signed a historic $2 trillion economic recovery act into law. The bipartisan legislation, known as the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was created to aid in response to the economic effects of the growing Coronavirus pandemic.
As part of this legislation the federal government has set aside $350 billion dollars to be lent on an emergency basis to businesses effected by the pandemic. The loans will be granted through the government's SBA program.