CNB St. Louis Bank is facilitating SBA 7(a) Paycheck Protection Program (PPP) loans. The program, implemented by the Small Business Administration (SBA) with support from the Department of the Treasury, prioritizes millions of Americans employed by small businesses by authorizing loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
Visit the SBA’s PPP Page for additional information and forms.
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Are you an existing PPP Borrower wanting to apply for additional PPP funds?
Are you a new PPP Borrower applying for your first PPP loan?
If you have not before received a PPP loan, you are looking for what is called a PPP First Draw Loan. Click the button below for the first-draw application form or you may read the SBA’s top-line overview of PPP first draw loans.
If you are a new PPP borrower who files using Gross Income on Schedule C, use the below First-Draw Application
First-Draw Application for Schedule C Filers (pdf)
First and Second Draw applications linked on this page are current as of 3/3/2021. For more information about the PPP loan program, visit the SBA's PPP Loan webpage or check out their Frequently Asked Questions, also updated on 3/3/21.
- Update 3/3/2021
The SBA released an interim final rule on the changes to the PPP program recently announced by President Biden. This includes new application forms, including new application forms for borrowers who file an IRS Form 1040, Schedule C for gross income calculations. Click here to read the interim final rule.
- Update 1/11/2021
The PPP loan portal system re-opens only for First Draw PPP loan applications from participating Community Financial Institutions, or CFIs. CNB St. Louis Bank is not a CFI under the definition set forth by the SBA which includes Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries. Therefore, CNB St. Louis Bank is not yet able to accept applications.
- Update 1/8/2021
The U.S. Small Business Administration (SBA) in consultation with the Treasury Department announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11, 2021 for some financial institutions. It is not yet clear if CNB St. Louis Bank will qualify as one of the institutions able to make loans immediately or if we will be in the group of remaining participating lenders who will begin lending “shortly thereafter.” Click here to read the full release.
- Top-line Overview of PPP First Draw Loans
- PPP First Draw Borrow Application Form
- PPP First Draw Borrower Application Form - Schedule C Filers Using Gross Income
- Documentation Requirements
First draw borrower means that you did not receive a PPP loan during the initial program in 2020.
- Top-line Overview of PPP Second Draw Loans
- PPP Second Draw Borrower Application Form
- PPP Second Draw Borrower Application Form - Schedule C Filers Using Gross Income
- Documentation Requirements
Second draw borrower means that you received a PPP loan during the initial program in 2020 and are interested in applying for additional PPP as part of the second round of the program.