Paycheck Protection Program Resources

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.

The application for the Paycheck Protection Program has closed as of August 6, 2020.

As a locally owned bank we are proud of our community and are committed to helping all businesses and organizations throughout the COVID-19 pandemic.

If you are a client with questions regarding their Paycheck Protection loan or preparing to apply for loan forgiveness, please contact one of our lenders at a local branch or send your inquiries by email to sbappp@community1st.com.

To read previous Paycheck Protection Program updates visit this page.

Paycheck Protection Program Loan Forgiveness Webinar

Loan Forgiveness Resources

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, presentation slide deck and attendee Q&A from the event can be found below:

Forgiveness Webinar Video

Forgiveness Webinar Slides

Forgiveness Webinar Q&A 

A thumbnail image link for the questions and answers document of the PPP Loan Forgiveness Webinar hosted by Community First Bank & HFG Trust.

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