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About Us

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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 for Paycheck Protection Program

  1. Download and Fill Out Application
  2. Complete the Form Below and Upload Completed Application and Supporting Documents
  3. Upon Clicking "Upload" Your Application will be Submitted

Resources


Application Submission Form