SBA CARES Act

Scams and Fraud Alert: Please be aware of malicious COVID-19 phishing scams targeting PPP loan recipients. Learn More

Latest News  Last Updated: 10/09/20

On October 9th, 2020, the Small Business Administration (SBA) announced a streamlined forgiveness process for PPP loans $50,000 and under.*

The simplified process introduces a new form, Form 3508S, which will be made available in virtual form to our Borrowers through our Forgiveness Portal as soon as the SBA is prepared to receive the new simplified application.

We are working quickly to update our system. As soon as we are able, 1st Security Bank will invite borrowers with loans at or below the $50,000 threshold to apply via an email notice. Please note, while the process is simplified, borrowers still must upload supporting documentation demonstrating that the PPP loan funds were used for eligible purposes, and retain all documentation for a minimum of 6 years. Form 3508S details and instructions can be found here (PDF).

*If PPP Borrowers together with any affiliated entity obtained PPP loans that together exceed the $50,000.00 maximum, they will not be eligible to apply using the streamlined application.


1st Security Bank has created a PPP Loan Forgiveness guide to assist borrowers in determining what supporting documentation should be provided to support their PPP application for forgiveness under the guidelines set forth by the Small Business Administration (SBA). We have made the document as simple and straightforward as possible while accounting for all borrower situations.

DOWNLOAD PDF

Please note, 1st Security Bank recently mailed notices to all PPP borrowers concerning a modification to their original loan contract which specified a repayment date beginning 11/01/2020 or 12/01/2020. Due to changes by the SBA to the PPP Program, we have amended all Promissory Notes to indicate a future repayment date in accordance with changes as provided under the current SBA program guidelines. If you have any questions about your repayment date modification, we encourage you to contact your Business Banker.

Only borrowers who received their PPP loan from 1st Security Bank are eligible to apply for loan forgiveness through 1st Security Bank. If you received your PPP loan elsewhere, please contact the provider who issued your loan.

If you received your PPP loan from 1st Security Bank and are interested in PPP loan forgiveness, please continue:

Step 1

You will receive an email invitation from Fiserv with a link to our secure SBA Paycheck Protection Program Portal.

  • Please note:

    The email invite will come from an external mailbox ESFSCMConfigurator@Fiserv.com

    (view screenshot)

    • Do not discard this email. This email contains your link to the SBA Paycheck Protection Progam Portal.
    • Please do not reply to this email. This mailbox is not set up to receive messages.
      • Please contact your Business Banker directly or call us at (877) 372-4249 with any questions.

Step 2

Log in to our secure SBA Paycheck Protection Program Portal to begin your application.

*Please use the Chrome or Edge web browsers for the best experience.

Click here to learn how the Portal helps you apply for PPP loan forgiveness and manage your application.

  • Please note:
    • Enter your name exactly as it appears in the email invite from Fiserv.
    • Use the Portal to upload all required documents. Be sure to include supporting documents for payroll and business expenses for the covered period or the alternative coverage period.
      • Please log in to the Portal for additional information and guidance.
    • Applications that are incomplete or do not have proper documentation will be returned to the borrower along with an explanation of what is required.
    • Applications will only be accepted through the secure SBA Payment Protection Program Portal.
      • If for some reason you are unable to use the Portal, please contact your Business Banker or give us a call at (877) 372-4249 and we will work with you to find a solution.

Step 3

Monitor your email for any next steps or confirmation your applicaiton has been processed.

Once your application has been completed and submitted, 1st Security Bank will be notified through the secure Portal that your business has requested forgiveness of your PPP loan.

  • Please Note:
    • Continue to monitor your email as we may request information from you by sending the application back to you via the secure Portal.
    • 1st Security Bank will review your complete PPP loan forgiveness application and supporting documents, and recommend a forgiveness amount in accordance with the rules and requirements under the CARES Act.

      The SBA will review the recommended decision, along with the application, and issue their final determination.

    • 1st Security Bank will notify you of the final determination of the forgiveness request once the SBA has made their determination.
    • Please take notice that per SBA guidelines lenders have 60 days to process the forgiveness application and the SBA has 90 days to make their final determination.

1st Security Bank will process applications on a first come first serve basis and will work diligently to process forgiveness request as quickly as possible. If you should have any questions please contact the Banker who you worked with for the PPP loan request.

from 1st Security Bank


Please Note:

  • The Portal works best with the Chrome or Edge web browsers.
  • Enter your Business Name exactly as it appears on your original PPP loan documents and in the email you receive from ESFSCMConfigurator@Fiserv.com
  • Applications will only be accepted through the secure SBA Payment Protection Program Portal.
    • If for some reason you are unable to use the Portal, please contact your Business Banker or give us a call at (877) 372-4249 and we will work with you to find a solution.
SBA Paycheck Protection Program Portal from 1st Security Bank