On March 27, 2020, the United States Congress passed, and President Trump signed, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to help support businesses and families through the on-going novel coronavirus (COVID-19) pandemic.
The CARES Act has been expanded to the SBA Section 7(a) loan program referred to as the Paycheck Protection Program (PPP) which aims to support small businesses. Redwood Capital Bank is a preferred SBA lender and we are here to help businesses take advantage of this program. Redwood Capital Bank encourages you to please contact (707) 444-9800 and ask for a commercial loan officer to learn more about this program.
Pending final guidance from the Small Business Administration, Redwood Capital Bank is now accepting applications in the order they are received. Due to the high volume, Redwood Capital Bank is currently only accepting applications from existing customers.