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Avidia Advice Blog
Avidia Bank Assisting over 1600 Local Businesses by Providing $190 million in Funding Through PPP Loans
During the COVID-19 Pandemic, many area businesses have struggled to provide paychecks to their employees and keep the doors to their business open. With the Paycheck Protection Program (PPP) provided by the Small Business Association (SBA), Avidia Bank is working on helping more than 1691 local businesses with over $190 million in relief funding through PPP.
To learn more and fill out an application, click here.
Community banks. Online banks. Cooperative banks. Let’s be honest, banks today come in all different shapes, sizes, and colors (personally, we prefer orange). But it’s not just our sharp color that makes Avidia stand out; it’s also our charter as a mutual savings bank.
Now you’re probably thinking, mutual savings bank…I know I’ve heard that banking term before… but what does it actually mean?
Identity thieves are many things. Bad. Shady. Unethical. Heartless…stop us we could go on for hours. Unfortunately, they’re also highly resourceful, often using difficult situations and the misfortunes of others to their financial advantage.
Situations like COVID-19.
The Federal Trade Commission (FTC) reports that COVID-19-related scams have resulted in losses of $13.4 million for Americans. Those scams range from fake cures and test kits to stolen stimulus payments and charitable donation scams.
Our community has been rocked by recent events, reaching a tipping point that combines a pandemic, injustice, economic stress and polarization.
As a community bank, our priority is supporting our community. We join in the voices calling for change, for equality and for peace.
We are stronger together, we must support each other, we must listen, learn, educate, volunteer, donate, and be part of the change.