A message from Wyatt Crowell, Head of the US Commercial Bank.
HSBC is proud to have helped our business customers secure payroll for over 100,000 employees through the Paycheck Protection Program.
Our team worked diligently to get 100% of the eligible applications we received approved for a loan by the SBA, for a total of $1.35 billion in funding.
At HSBC, we are absolutely committed to supporting our customers through these challenging times.
We have been working tirelessly for weeks to help customers seeking financial relief under the SBA's Paycheck Protection Program (PPP). It has been a monumental effort, and I am proud to say that we have been able to successfully process 100% of our clients' eligible loan applications.
With these PPP funds, 109,000 Americans employed by our business customers will continue to get paid, as the nation embarks on a path toward economic recovery.
Although uncertain times still lay ahead, we are grateful for the opportunity to deliver some good news and much-needed financial relief to our customers. Thank you for your continued partnership and trust in us.
And as always, we hope that you and your families continue to stay healthy and safe.
Head of the US Commercial Bank