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SBA PAYCHECK PROTECTION PROGRAM (PPP)

We’re here to continue supporting our businesses

Community First Bank is committed to helping our business customers during the COVID-19 epidemic. The Paycheck Protection Program, part of the new CARES stimulus package, is a federal loan program aimed at helping small businesses who have been severely impacted by COVID-19.

Quick Facts

Uses
Payroll, mortgage interest, rent and utilities, Interest on debt incurred before 02/15/2020

Amount
2.5X business’s average monthly payroll (subject to caps)

Rate
Fixed 1.0% Annual Percentage Rate

Terms
No payments for first 6 months and a total 2-year term

Forgiveness
Up to 100% with approval (subject to validation of qualification)

Application Submission Form