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PPP Loans Available Through May 31! 

Update March 31, 2021: Congress has extended the Paycheck Protection Program through May 31, 2021 giving First Community and other community lenders specific funds to help more small business.  For those that have already submitted a PPP application with First Community, we will continue to review for eligibility and submit pending applications to the SBA in the order submitted. It is not necessary to apply again. You will be contacted as soon as your application is processed. If you have not yet applied with First Community we are accepting new applications but cannot guarantee the availability of funding. Thank you for your patience.  

 

Whether you are applying for your first PPP loan or you have already received a loan and you want to apply for a ‘second-draw,’ apply here

 

Tips for completing the application 

  1. You must use Google Chrome
  2. Use your previous SBA Loan Number and NOT your First Community Account Number
  3. Use the same EIN/SSN from your first loan application
  4. Read guidance released by the SBA to ensure you meet all qualifications and have proper documentation ready.

Requirements have changed. For more information on PPP loans, including information on loan forgiveness, visit the SBA website

PPP Loan Forgiveness

If you have already closed on a PPP loan through First Community, you should have received an email to apply for loan forgiveness. The email will give you specific instructions on your next steps. If you did not receive the email please contact us [email protected] or call 636-728-3381. 

 

SBA Form 3508 Instructions

SBA Form 3508EZ Instructions

 

Note: When applying for loan forgiveness please consult your tax professional. They are qualified to assist you with calculations and documentation. First Community is unable to provide this level of professional assistance and tax guidance.