First Horizon National Corp. Provides an Update on Small Business Administration’s Paycheck Protection Program
First Horizon National Corp. Provides an Update on
Small Business Administration’s Paycheck Protection Program
First Horizon National Corp. (NYSE:FHN) recently announced that First Horizon Bank has helped more than 13,000 small businesses secure loans totaling approximately $2.1 billion through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). These PPP loans will help sustain nearly 300,000 jobs at businesses in communities across its network. In addition, approximately 22% of the loans secured went to women-owned, minority-owned and low- to moderate-income tract designated businesses.
“Small businesses are the lifeblood of our economy,” said Bryan Jordan, Chairman and CEO of First Horizon. “I am proud of the way our bankers served our customers during these challenging times and of the plans we have underway to restore our communities.”
First Horizon is continuing to accept PPP applications, subject to available funding. Additional information can be found on the Company’s websiteor by contacting a local banker.
Note to Editor: The statistics in this press release reflect loans that have a confirmed SBA E-Tran system number and are current as of 12:00 pm CDT on May 8, 2020.