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COVID - 19 Relief for Business

We know that these are difficult circumstances for everyone. Please know that we're doing all we can to help our clients and communities. 

 

LOANS 
 

Commercial and Small Business Loans 1

Century Bank will work with you one on one for your commercial and small business needs during this crucial time. A Commercial Banker is ready to discuss your lending needs.  Please contact a commercial banker at 505.995.1200 during normal business hours to discuss your potential options.


SBA 7(a) Loan, Paycheck Protection Program (PPP) Loan Forgiveness Process 1 
 

Update as of 8.7.20 – For clients of Century Bank that received a Small Business Administration Paycheck Protection Program (PPP) Loan from us, we know you must be anxious to submit your loan forgiveness application. We are here to help and are pleased to announce that Century Bank and BDO Digital, LLC have partnered to help you manage your forgiveness application. Soon, we will be sending you a link to a new on-line portal to initiate your loan forgiveness application. The link to the portal will be coming to you from CenturyBankPPPapplication@centurybnk.com. Be on the lookout for this email.*

 
In addition to the portal to help you process your application, there will also be other resources in the form of a help-desk and email support for questions. As always, our Commercial Bankers will be available during normal business hours for your questions.
 
We truly appreciate your patience as we have worked diligently to create an automated, straight forward and responsive solution to the SBA’s PPP forgiveness requirements. In the meantime, do not hesitate to contact your Commercial Banker for questions you may have regarding this information or any other matters. You may reach us at 505.995.1200 during normal business hours.
 
* The Cares Act PPP Forgiveness guidelines have been formulated by the Small Business Administration. Based on these guidelines, some or all of the original loan funds may not be eligible to be forgiven.
 
Other Information
 

The following is a link to the U.S. Department of the Treasury’s website that specifically addresses the Small Business Administration Paycheck Protection Program (SBA PPP) Loans and the SBA PPP Loan Forgiveness Program:

 
The Website includes the:
 
  • PPP Loan Forgiveness Application (3508);
  • PPP Loan Forgiveness Instructions (3508);
  • PPP Loan Forgiveness Application (3508EZ); and
  • PPP Loan Forgiveness Application Instructions (3508EZ)
 
The link includes many other resources and documents for businesses. One of those resources is a document that addresses the PPP Loan Frequently Asked Questions (FAQs).
 

Century Bank and REDW, LLC hosted a complimentary webinar, "PPP Loan Forgiveness: What You'll Need to Know" on Thursday, June 4, 2020. If you were unable to attend this informative session, we have a recorded version that we want to share and other important resources regarding the Loan Forgiveness Process. Click the link below for access to the webinar and other helpful information.

PPP Loan Forgiveness Update Webinar

The SBA, which oversees the program, will ask Century Bank to verify certain information from those receiving PPP loans so that we may attest that borrowers have met the qualifications for forgiveness.

For more information, call us at 505.995.1200 during normal business hours.

Please check back for updates.

Find a Commercial Banker

 

DEPOSITS
 

Century is ready to assist our business clients by refunding certain fees including, but not limited to, NSF, overdraft and other miscellaneous fees related to COVID-19. We have also increased limits on ATM withdrawals and point of sale transactions for debit cards.

CONTACT US!
 

If you have other needs or need more information about what is available to you at this time, please call us at 505.995.1200 during normal business hours or CONTACT US! Please continue to check this page for updates on financial assistance for individuals. 

 1 All new loans and modifications of existing loans are subject to credit approval

 

 


 
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Call Us!

505.995.1200


At Century Bank, we pride ourselves on our customer service. That means listening closely to what you have to say. If you have a question or a comment about any of our products or services, please let us know!
 
 
 
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