Jump to Content
ABA: The American Bankers Association
Skip Section Navigation

Paycheck Protection Program Response

Country Club Bank - Kansas City, Missouri

2020 Community Commitment Awards Submission

  • Entry Category: Community & Economic Development
  • Asset Size: Small

The Paycheck Protection Program (PPP) is a U.S. Small Business Administration loan program designed to provide relief to small businesses, nonprofit organization and other quality entities during the coronavirus crisis. The PPP program provided businesses a bridge to keep their workforce together during the closures rather than furloughing workers and forcing them into unemployment. The premise was that using this approach, businesses could reopen with employees ready to work immediately rather than needing to rehire them. Banks are the deliver mechanism for the PPP program. Country Club Bank's leadership decided from the outset to serve as wide a group of businesses and we could - existing customers and non-customers, nonprofit or for-profit. In this regard, Country Club Bank's implementation of the PPP distinguished it from the approach of other banks. To date, Country Club Bank's administration of the PPP has surpassed that of much larger banks and impacted over 37,500 jobs in the Kansas City metropolitan community.