Published: May 30, 2020

HERITAGE BANK & TRUST ANNOUNCED THIS WEEK THAT IT HAS PROCESSED MORE THAN 89 LOANS TOTALING $7.78 MILLION DOLLARS UNDER THE SMALL BUSINESS ADMINISTRATION’S PAYCHECK PROTECTION PROGRAM (PPP) TO HELP LOCAL SMALL BUSINESSES SUPPORT PAYROLL AND RELATED COSTS, SAVING OVER 850 JOBS WITHIN MAURY AND LAWRENCE COUNTIES. THE AVERAGE LOAN SIZE WAS JUST OVER $ 87,000 DOLLARS AS OF MAY 15TH. THE P-P-P, WHICH WAS ORIGINALLY LAUNCHED ON APRIL 3RD TO ADDRESS ECONOMIC CHALLENGES CAUSED BY THE COVID-19 PANDEMIC, PROVIDES FORGIVABLE, GOVERNMENT-GUARANTEED LOANS FOR THE NATION’S SMALL BUSINESSES, WHICH ACCOUNT FOR ROUGHLY 48 PERCENT OF THE U.S. WORKFORCE. IN ADDITION TO ITS P-P-P FUNDING EFFORTS, HERITAGE BANK & TRUST HAS CONTINUED TO HELP THE COMMUNITY DURING THIS TIME AND HAS DONATED OVER $1,000 TO THE BOYS AND GIRLS CLUBS OF MAURY COUNTY AS WELL AS UPDATED EACH LOBBY AREA WITH SOCIAL DISTANCING STICKERS AND SHIELDS TO KEEP COMMUNITY MEMBERS AND STAFF SAFE.