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Paycheck Protection Program

What is the Small Business Administration (SBA) Paycheck Protection Program?

The Paycheck Protection Program (PPP) is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) to provide a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 crisis. Businesses can apply through any existing SBA 7(a) lender, such as Community State Bank. 

What’s a First Draw PPP Loan and a Second Draw PPP Loan?

In general, a First Draw PPP loan is for eligible borrowers who did not receive a PPP loan before the program closed in August 2020. A Second Draw PPP loan is for certain eligible borrowers that previously received a PPP loan, generally have 300 employees or less, and have suffered a 25% reduction in gross receipts in any quarter (or an annual comparison) of 2020 compared to 2019. Overviews of both types of loans are available below.

Eligibility Requirements, PPP Loan Overviews, Loan Amount FAQ

PPP First Draw Loan Overview    PPP Second Draw Loan Overview  

How to Calculate First Draw Loan Amounts (FAQ)

How to Calculate Second Draw Loan Amounts (FAQ)


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PPP Applications

The government allocated funds for the SBA PPP program have been exhausted. Due to this fact, CSB is not currently accepting applications for PPP loans.

Paycheck Protection Program Inquiries

If you are interested in learning more about the Paycheck Protection Program, please complete the inquiry below and a member of our Business Banking Team will contact you.

The Small Business Administration and the Department of Treasury continue to provide additional guidance concerning the Paycheck Protection Program. Thus, Community State Bank makes no representation that information contained herein is up to date or complete. Before submitting a request for loan forgiveness, borrowers may wish to visit the SBA, or U.S. Treasury Assistance for Small Businesses websites for the latest information and guidance related to the Paycheck Protection Program.