Customer Service: 610-882-8800
Routing Number: 031318716
April 17, 2020
The Small Business Administration (SBA) has announced that they can no longer accept new applications for the Paycheck Protection Program (PPP) based on available appropriations funding. This announcement leaves many lenders and small business owners wondering how this will impact their businesses and their communities. We will closely monitor the situation for updates over the coming days.
In the meantime, we encourage our Embassy Bank business customers to continue to complete applications and send them to us, so that should additional funding become available, we can quickly transmit them to the SBA. If you have already completed and sent your application to us, we will contact you with any updates that become available.
We strongly encourage contacting your local officials to support advocating for additional funding for the PPP. This funding is vital to help our community sustain itself, and we all benefit when our community is thriving.
For information on how to contact your elected representative of Congress and Senate, visit: usa.gov/elected-officials/
Stay healthy,
David M. Lobach, Jr.
Chairman, President and CEO
Embassy Bank for the Lehigh Valley
Please visit our Paycheck Protection Program details page.
Back to COVID-19 PageA message from the PA Department of Banking and Securities for ways to be safe from opportunists who will try and take advantage of them during major events such as the current COVID-19 situation:
"Consumers should be on alert for increased fraud during major events such as the outbreak of COVID-19," said Acting Secretary Richard Vague. "Scams are becoming increasingly more sophisticated and scam artists are taking advantage of people, making every attempt to separate you from your hard-earned money."
Cybercriminals like to take advantage of incidents such as the coronavirus threat to entice people to click on phishing emails and conduct social engineering attacks. Cybercriminals may send malware‐laced emails with attachments and links to websites that can harvest your private information and passwords to exploit your personal and corporate accounts. It is important to remain diligent in reviewing emails to ensure they are safe.