The Freedom Bank of Virginia announced that it closed $75 million in Main Street Program Loans (MSLP) to businesses in the Washington DC region. Freedom is one of the few banks in the country that successfully delivered needed capital to great companies who were then able to reposition and recapitalize to manage through the most challenging days of the COVID-19 pandemic. The Bank also announced that it will be participating in the new Paycheck Protection Program (PPP) authorized in the most recent economic relief package, which includes an additional $284 billion for the PPP for small businesses in 2021. Freedom Bank played a huge role in the local small business community in 2020 by originating $105 million in PPP loans for over 500 clients, 250 of which were new customers to the Bank. As a percentage of loans, this was over 20% of Freedom's outstanding loans and double the percentage provided by peer banks. The Bank is now gearing up for the next round of funding.