Centric Bank President and CEO Patti Husic hosted Jovita Carranza, Administrator of the U.S. Small Business Administration, for a Women-Owned Small Business Roundtable last Friday at Cornerstone Coffeehouse in Camp Hill.
Advocating on behalf of America’s 30 million small businesses, Carranza discussed the impact of the Paycheck Protection Program (PPP) on small businesses and met with small business owners in the Harrisburg region and their employees. PPP is a federal loan forgiveness program created to help employers sustain their businesses and retain their employees amidst the economic upheaval of COVID-19.
Other guests included:
- Eugene Scalia, U.S. Department of Labor Secretary
- Darmayne Robertson, owner of Sweet Confections Cakes Inc.
- Jenine Diaz, President of Diaz Transcription Services
- Jessica Meyers, CEO of JEM Group LLC
- Anne Deeter Gallaher, CEO of Deeter Gallaher Group LLC
- Sue Pera, owner of Cornerstone Coffeehouse
“In a time when local small business owners are collectively facing the greatest challenge in a generation — the health and economic crisis of coronavirus — this roundtable was an opportunity for individuals across all industries to share the stories of Pennsylvania small business owners,” said Husic.
She said the roundtable shined “a positive light on our business owners’ triumphs and goals and how the SBA Lending Program has helped them sustain their businesses and keep their people employed.”
Centric Bank Answers the PPP Call
Centric Bank, which has both a financial center and a commercial lending office in Devon, was one of the largest PPP providers in the region. Having built its PPP Command Center in less than 48 hours, the bank processed and funded 1,600 PPP applications for a total of $215 million and thus helped to retain more than 22,000 jobs in Pennsylvania.
The bank served both customers and non-customers – more than 55 percent of PPP loans were awarded to non-customers in the suburban Philadelphia region.
“Through the SBA Program, Centric Bank has been able to help solve the most-pressing business problems presented by COVID-19,” said Husic. “In a world where the work we do and the people we help is a powerful mark of our identity, Centric Bank is turning possibilities into livelihoods.”
Click here to learn more about Centric Bank.
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