SBA Franchise Directory
First State Community Bank is working hard to stay on top of the latest developments and resources that may be available to help businesses that have been affected by the COVID-19 pandemic. While we are doing our best to keep information up to date, the COVID-19 situation is constantly evolving and resources are changing daily. We will be continually updating this page as more information is available.
Aside from this page, we also recommend visiting the links below for key updates.
The U.S. Small Business Administration (SBA) recently approved a simplified application for all PPP loans under $50,000. The SBA released the following guidance regarding the new form, SBA 3508S:
The United States Treasury and the Small Business Administration (“SBA”) released the application borrowers must complete in order to have their Paycheck Protection Program (“PPP”) loan forgiven. The application provides detailed instructions and incorporates several worksheets to be utilized in determining the amount of forgiveness, including:
Forgiveness Application Instructions
EZ Forgiveness Application Instructions
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