PPP Loan Relaunch
– 01.14.2021 –
Now Accepting First and Second Draw Applications
1st Security Bank is pleased to announce that we will be participating in the Paycheck Protection Program (PPP) and offering second draw loans for our customers that received funds during the first Paycheck Protection Program under the CARES Act, or for our customers that may be seeking PPP funds for the first time.
We are currently accepting applications for First Draw or Second Draw PPP Loans for 1st Security Bank business account customers. We will begin processing loan applications through the Small Business Administration on Tuesday, January 19, 2021.
Please see the helpful links below to connect to the newest guidance and forms, and to get started. For specific questions on how to apply, please reach out to your banker, or visit this site for Program updates.
Start Your Application Today
- Loan Application Guidance Download PDF
- First Draw Borrower Application: Form 2483
- Second Draw Borrower Application: Form 2483-SD
– 01.13.2021 –
PPP Loan Forgiveness Information Has Moved
All information regarding PPP loan forgiveness has moved to a new page:
PPP Loan Forgiveness
- 12.03.2020 -
SBA Releases PPP Loan Recipient Data
On December 1, the Small Business Administration released public data about Paycheck Protection Program borrowers—specifically, the borrowers’ names, addresses, exact loan amounts and who their PPP lenders were. This was done by court order following lawsuits brought by media organizations seeking the data.
We want you to know that 1st Security Bank, as your bank, did not publicly disclose the data and played no role in the court decision. Our commitment to protect your privacy is paramount, and we follow all applicable laws and regulations.
Unfortunately, we have heard that some third party businesses are using information from the court-ordered data release to market themselves to PPP customers. These communications may reference our bank’s name and may even imply that we have some kind of relationship. You should be aware that 1st Security Bank will communicate directly with you about your PPP loan and the forgiveness process. If you have any doubt, please call your banker directly.
As always, our commitment is to your business’ financial health. Thank you for your understanding. Please reach out to your banker with any questions or concerns.