CARES Act Paycheck Protection Program

If your business has been impacted by COVID-19 Coronavirus, let us partner with you to get help covering payroll and other overhead expenses.

PPP Update:

 On April 16, 2020, the SBA announced that the PPP funding is depleted, and they will no longer take applications.

  • If you have begun the application process and you have been assigned an official loan number through the SBA’s Etran system, your loan request is active and moving forward through the funding process despite this announcement from the SBA. We will be in contact with you if we need additional information to close your loan, including obtaining your signature on the loan documents.      
  • If you have submitted an application, but have not been assigned an official loan number through the SBA Etran system, we will continue to work on your application and prepare it for submission to the SBA if and when additional funding is approved.

Tri-State Bank remains committed to doing everything we can to meet the needs of our customers and our community.

 

The cares Act’s Paycheck Protection Program (PPP) provides small businesses with funds to pay up to eight weeks of payroll costs, mortgage interest, rent, leases, utilities, and interest on existing debt. Funds are provided in the form of loans that may be forgiven if certain criteria are met.

Read our PPP FAQs at the bottom of this page for more information about the program, eligibility, and application requirements. You can also find additional information about the program at the U.S. Small Business Administration website.

If you are ready to apply, please provide some basic information using the form below. We will get back to you with any additional information and to discuss the next steps.

Please complete the application on the SBA website and return to us at SBAPPPApplication@tristatebank.com.