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Sterling State Bank announced last week that as of Wednesday, April 8, just three days after loan application processing opened, it had approved funding over $30,000,000 through the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP).

Just as significant as the total dollar amount of economic relief secured is the speed at which this funding is being delivered to our customers in Minnesota.

“Our bank is not too big to fail,” said Sterling State Bank President Justin McNeilus. “We need to prove daily to our customers, our communities and our employees that we deliver value and deserve to stay in business. Through these devastating times I think we’ve done that. Where you bank makes a difference.  If you’re less than satisfied with the response you’ve received from your financial institution so far, please give us a call.  We are here today and will be here tomorrow.”

Sterling State Bank is a state-chartered bank founded by local community members in Austin, MN in 1958.