Borrower Information Sheet for the Paycheck Protection Program can be found HERE
If you are a small business, sole proprietor, non-profit or church, Apply Today and confirm eligibility for your funds. 1st State Bank is here to support you from start to finish.
Due to high demand, we are now longer taking new applications
In addition to the Application you complete, 1st State Bank will be required to verify or obtain the following information:
- Your business was in operation as of February 15, 2020.
- Your business had employees as of February 15, 2020, for which you can verify paid salaries and payroll taxes via copies of IRS Forms 941, 1099, 1096, 944, W-3, or similar evidence.
- The dollar amount of your loan will be based on the requirements in the Borrower Information Sheet.
- Owner’s Driver’s License
- Entity Documents
- Articles of Incorporation
- Operating Agreement
Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Refinances of existing SBA loans are excluded.
Financing maximums and terms are determined by borrower qualifications and use of funds. 1st State Bank and its representatives do not provide tax advice. Consult an advisor regarding a particular financial situation.