Updated Information on the SBA PPP Loan Program

UPDATE!

May 18, 2020

To our existing PPP loan customers:  

If you are looking for information on PPP loan forgiveness or  rules,  please check here at the Treasury Dept website:

https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

For frequently asked questions about the program,  try this:  

https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

These sites are updated frequently and should be the most recent information available on the program.  

 

EFFECTIVE 4/27/20

Due to the overwhelming response and our desire to maintain the highest service quality,  as of 4/27/20 State Bank of Lizton is no longer able to take new applications for PPP loans.  Existing loan applications are being processed in the order received. In any event the bank cannot guarantee an application that has been presented to the bank will ultimately be funded. The PPP is a first come, first served situation with many variables outside the control of SBL. 

We continue to work diligently to serve you during these unprecedented times. We thank you for your trust in us, now as always.  

Sincerely,
Jerry Miser, Chief Lending Officer
State Bank of Lizton