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January 11, 2021:  SBA Assistance - Paycheck Protection Program (PPP)

The Small Business Administration (SBA) has recently provided guidance regarding Paycheck Protection Program (PPP) loans.  If a small business did not receive a PPP loan in 2020, they are eligible to apply for a First Draw PPP loan under the same rules and guidelines as previously stated.  In addition, if a small business received a First Draw PPP loan and meets some additional eligibility requirements, the small business is eligible to apply for a Second Draw PPP loan. 

Navigating how the PPP loans work and what you may qualify for can be challenging and that’s where we can help. First Financial Bank was successful in servicing our communities during the first round of PPP loans, and we stand ready to assist our customers again.  If you are interested in applying for a PPP loan - whether it is a First Draw or a Second Draw - please notify your loan officer and we will provide you with an application and any additional details you may need.

For up-to-date information on the Payment Protection Program as well as a copy of the application, please visit the US Department of Treasury’s website at https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses.