MENOMINEE — With the recently passed additional funding for the CARES (Coronavirus Aid, Relief, and Economic Security) Act, First National Bank & Trust is available to help area businesses get assistance and relief from this economic stimulus package.

An additional $310 billion dollars was allocated to the Paycheck Protection Program (PPP) on April 24, and processing began this week. Community banks were specifically allocated $60 billion to assist with their PPP efforts. Including this second round of funding, the program will have provided nearly $659 Billion worth of US payroll. The PPP loan program is available for eligible small businesses, including sole proprietors, and non-profits, veterans organizations and tribal business concerns, to provide a forgivable loan to cover payroll and other costs.

“As we continue to support our local economies and their financial needs at First National Bank & Trust, it’s apparent how vital partnerships and long-lasting relationships continue to bring out the best in all of us, especially in uncertain times,” said Dale Cook, business banker at First National Bank & Trust. “We appreciate the opportunity to service the needs of our communities and believe everyone’s resilience will be the key to building a stronger community.”

To make an appointment with First National Bank & Trust’s Business Banking team, people may call 906-863-7861.

For more information, as well as online contact information, people may visit www.fnbimk.com/cares-act-assistance.