COVID-19 Resources | Security Bank & Trust Co.

Our small businesses mean the world to us and we’ve directly witnessed how the past few weeks of events have affected them. During this time of instability, we want to provide some resources to help our customers navigate, and as more resources become available, we will post updates to this page.

SMALL BUSINESS RESOURCES

Security Bank & Trust Co. 2 Percent Loan Program

Our lives are intertwined with our clients, and as a strong proponent and business banker to our local area business, we want to show our support. We’ve created a new loan opportunity to help our small businesses grow and expand. We’re focused on building a sustainable and growing community for generations to come. Find our more about this program and if you qualify.

Small Business Emergency Loan Program

The Minnesota Department of Employment and Economic Development (DEED) is creating an emergency loan program to help Minnesota small business owners who need immediate assistance to meet their families’ basic needs during COVID-19 closures. More information about the program is available.

U.S. Small Business Administration Disaster loans available now

Minnesota businesses negatively impacted by COVID-19 can now apply for low interest SBA loans. Governor Walz requested an Economic Injury Disaster Loan declaration earlier this week and the SBA opened applications online March 20. Businesses can apply for loans to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

For more information and to apply please visit:

Economic Injury Disaster Loan Program – Working capital up to $2 million
SBA Express Bridge Loans – Up to $25,000 with less paperwork
Paycheck Protection Program – Forgivable Loans up to $10 million

Unemployment Insurance

Information for Minnesota employers affected by COVID-19
Information for Minnesota employees affected by COVID-19

Centers for Disease Control and Prevention

Minnesota Employers Local Resource Center on COVID-19 News

U.S. Chamber of Commerce COVID-19 Resources:

Guidance For Employers – Guidance from the U.S. Chamber of Commerce
Workplace Tips – For workplace tips and resources for employers to combat the virus
Resilience in a Box – If your business needs help putting a plan in place, use the U.S. Chamber Foundation’s toolkit created in partnership with the UPS foundation.
More Resources – A full list of additional items for your business

Resources made to help you navigate your workforce working remotely

Below are services that are currently offering discounts or free access for remote workforce options to make meeting, collaborating, and processing easier when remote:

Remote Desktop & Collaboration Solutions:

Remote Meeting & Screen Sharing Solutions: