COVID-19 Relief Through SBA
The U.S. Small Business Administration is no longer accepting new applications from most financial institutions as PPP general funds have been depleted. The SBA is offering other programs in response to COVID-19, and interested applicants can find more information and apply directly with SBA through these pages:
- Economic Injury Disaster Loan (EIDL)
- Shuttered Venue Operators Grant (SVOG)
- Restaurant Revitalization Fund (RRF)
First State Bank’s lending team is currently preparing to resume processing forgiveness applications for loans that originated in 2020. Borrowers who obtained new or increased PPP loans in 2021 will be invited to apply for forgiveness this summer.