Financial Relief for Businesses Impacted by COVID-19
As an SBA-certified lender, First Metro Bank was readily prepared to assist our small business customers in applying for the Paycheck Protection Program (PPP) loan. The PPP loan provides financial relief to small businesses impacted by the pandemic. The program offered a forgiven loan to borrowers that maintain their payrolls for eight (8) weeks and utilize the funds for payroll, rent, mortgage interest, or utilities. Paycheck Protection Program loans were available through June 30, 2020. Over the past two months, First Metro Bank has worked diligently to provide financial relief to over 500 small businesses throughout the Shoals.
For additional information including eligibility, terms of the loan, etc., or to complete an application, please see the documents below.
Click HERE to complete your PPP Loan Application.
Click HERE to complete your PPP Certification Worksheet.
The PPP Application and the PPP Certification Worksheet must be completed and submitted. Documents that may assist you in completing the application process include:
- 2019 Payroll Records including IRS form 940 and W3s
- 2019 Total number of employees
- 2019 Healthcare Costs
- 2019 Company Retirement Costs