Helping your business is our priority.

Learn more about the application process for the CARES Act Paycheck Protection Program.

The platform and reference guides for requesting Loan Forgiveness as part of the SBA Paycheck Protection Program or Payroll Payment Protection (SBA PPP) are now available. To access the reference guides, please refer to the Important Documents section.

SBA Loan Forgiveness

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To submit the forgiveness application, you will need to include supporting documents evidencing the eligible costs, salary levels and full-time employees (FTE’s).

FirstBank will process all loan forgiveness requests online; the application will be accessible on August 19. To log in, the following information is required:

  • Email Address
  • Exact PPP Loan Amount
  • Borrower Tax Identification Number

 

Complete your application here

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SBA Form 3508 EZ - Default in Numerated

Simplified application available for the following eligible borrowers that meet one of the following conditions:

  • Self-Employed, Independent Contractor, Sole Proprietor (without employees)
  • The Borrower did not reduce employee hours or salaries and wages by more than 25% 
  • Borrower, did not reduce annual employee salaries or wages by more than 25%, AND was unable to operate at the same levels due to compliance with laws/guidances

Documentation:

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Payroll Documentation:

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  1. Bank account statements (or third-party payroll service provider reports) documenting the amount of cash compensation paid to employees
  2. Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period or the Alternate Covered period such as Payroll tax filings reported, or that will be reported, to the IRS (typically Form 941); and State quarterly business and individual wage reporting and unemployment insurance tax filings reported, or that will be reported to the relevant state
  3. Payment receipts cancelled checks or account statements documenting the amount of any employer contributions to employee health insurance and retirement plans that the borrower included in the forgiveness amount

Non-Payroll Documentation:

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  1. Business Mortgage Interest Payments: Copy of the lender amortization schedule and receipts or cancelled checks verifying eligible payments from the Covered Period; or lender account statements from February 2020 and the months of the Covered Period through one month after the end of the Covered Period verifying interest amounts and eligible payments
  2. Business Rent or Lease payments: Copy of the current lease agreement and receipts or cancelled checks verifying eligible payments from the Covered Period; or lessor account statements from February 2020 and from the covered period through one month after the end of the covered period verifying eligible payments
  3. Business Utility Payments: Copy of invoices from February 2020 and those paid during the Covered Period and receipts, cancelled checks or account statements verifying those eligible payments
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SBA Form 3508

  • Standard application available to all Borrowers not eligible under the “EZ” application.
  • This application requires, in addition to the complete loan application the following: Schedule A Worksheet (optional); Schedule A and Calculation Form

Documentation:

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Payroll Documentation:

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  1. Bank account statements (or third-party payroll service provider reports) documenting the amount of cash compensation paid to employees
  2. Tax forms (or equivalent third-party payroll service provider reports), including payroll tax filings and state quarterly business and individual employee wage reporting and unemployment insurance tax filings
  3. Payment receipts cancelled checks or account statements documenting the amount of any employer contributions to employee health insurance and retirement plans that the borrower included in the forgiveness amount

FTE Documentation:

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  1. The average number of FTE employees on payroll per month employed between February 15, 2019 and June 30, 2019
  2. The average number of FTE employees on payroll per month employed between January 1, 2020 and February 29, 2020
  3. Documents may include payroll tax filings (typically Form 941) and state quarterly business and individual employee wage reporting and unemployment insurance tax filings. Documents may cover periods longer than the specific time period

Non-Payroll Documentation:

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  1. Business Mortgage Interest Payments: as in “EZ” application required documentation
  2. Business Rent or Lease payments: as in “EZ” application required documentation
  3. Business Utility Payment: as in “EZ” application required documentation
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Important Documents
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Download the following documents to simplify the application process:

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