Paycheck Protection Program

The Paycheck Protection Program is a Small Business Administration loan program aimed at helping small businesses who have been impacted by COVID-19 by providing funds for wages, rent, utilities and other eligible expenses.  All or a portion of the loan may be forgiven depending on how the funds are used.

Learn more about the Paycheck Protection Program, Read our FAQ.

Find a description of the documents you’ll need here.

KNOW YOUR OPTIONS

In addition to the Paycheck Protection Program, the SBA is also offering an Economic Injury Disaster Loan (EIDL) to small business owners. To learn more about the difference of the two loan programs please see this comparison chart or contact one of our lenders today for more information.

As a locally owned bank we are proud of our community and are committed to helping all eligible businesses and organizations navigate the COVID-19 loan relief options.

At this time we are only accepting applications from current clients of Community First Bank or HFG Trust.

I AM A CLIENT

We are still accepting and processing PPP applications for our clients.  Please find a description of the documents you’ll need here.

Applications for this program will be accepted through August 6th, 2020 for existing clients of Community First Bank.

Apply Here

Loan Forgiveness

On July 23rd, 2020, Community First Bank | HFG Trust hosted a live webinar on loan forgiveness for Paycheck Protection Program clients.

With information and guidance from the U.S. Department of Treasury and the Small Business Administration, this information is accurate as of 7/22/2020.

If you have any questions regarding loan forgiveness please contact one of our lenders today or send an email to sbappp@community1st.com 

Important loan forgiveness topics we covered include:

  • Needed documents for forgiveness application filing
  • Extended covered period dates
  • Updated information on loan proceeds usage
  • And a general timeline for applying for loan forgiveness

A recording of this webinar and presentation slides can be found below:

Forgiveness Webinar Video

Forgiveness Webinar Presentation Slides