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Paycheck Protection Program

Emergency SBA Loan - updated 5.19.20

May 1, 2020 1:30 pm Update –  Thank you for your interest in the Paycheck Protection Program.  Due to the high volume of PPP applications we have received, we are no longer processing new applications at this time.

Civista Paycheck Protection Program Stats
The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law on Friday, March 27, 2020, includes additional emergency assistance for small businesses, individuals and families affected by the pandemic.  From this Act, a new federally guaranteed loan, called the Paycheck Protection Program (PPP) has been introduced.
This new emergency loan is directed by the Small Business Administration (SBA) and designed to help businesses with 500 or fewer employees retain their workforce and support other operational expenses.

As a SBA preferred lender, Civista Bank is here to help interested customers take advantage of the Paycheck Protection Program.  


  • No personal guarantees
  • No collateral required
  • 1.0% Fixed Annual Percentage Rate
  • 2 Year Maturity 
  • First payment deferred six months
  • No prepayment penalties or other loan fees
  • Opportunity to apply for potential loan forgiveness after receiving funds

Maximize your PPP loan forgiveness

  • Use your loan funds on covered expenses
  • Use at least 75% of the funds on eligible payroll costs
  • Understand the two ways the forgiveness amount is reduced
  • Document your use of the funds in detail


On May 15, 2020 the SBA released the Paycheck Protection Program Forgiveness Application (SBA Form 3508). This document is the first information specific to the forgiveness process provided by the SBA. This form should be helpful towards understanding much of the information that will be necessary to request forgiveness.
Comprehensive Final Rule Guidance was not included with the application instructions. We expect additional definitions, Frequently Asked Questions and Lender Guidance. As we receive and analyze program information, we will provide future updates.
Our goal is to simplify the forgiveness process and expedite a decision for you.

Important Reminders

    • Payments of Principal and Interest will not begin until six months after the date your PPP loan was funded.
    • Forgiveness Applications cannot be submitted until at least eight weeks from your PPP loan funding date.
    • Civista Bank will notify PPP loan recipients directly when forgiveness applications and required documentation can be submitted.


SBA Paycheck Protection Program Infographic


Security Tips

Use secure email when exchanging your personal information, including applications and important documents with the bank.  Contact us first to establish a secure email portal.  

Be Alert.  Scams targeting small businesses are increasing and disguised as offers to access the government stimulus funds more quickly.  Businesses do not pay fees for the PPP program.
Civista Bank information security experts recommend never responding to offers of help you did not initiate by phone, email or text.

Frequently Asked Questions

Small businesses with less than 500 employees (including sole proprietorships, independent contractors, and self-employed individuals), private non-profit organizations or 501(c))(19) veterans’ organizations affected by COVID-19 may apply.


Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries. Refer to


Small businesses in the hospitality and food industry with more than one location could also be eligible at the store and location level if the store employs less than 500 workers.

Loan amount may be up to 2.5 times the borrower’s average monthly payroll costs, up to $10 million.

Payroll costs, including benefits; interest on mortgage obligations, rent under lease agreements and utilities – all in place before February 15, 2020.

Although the program is open until June 30, 2020, we encourage you to apply as quickly as you can because there is a funding cap. 

The first round of funding was exhausted on 4.16.20.  

Round 2 Update, 5.01.2020 - Round 2 Update, 05.02.2020, Due to the high volume of PPP applications we have received, we are no longer processing new applications at this time.

  • Salary, wages, commission, or tips (capped at $100,000 on an annualized basis for each employee);
  • Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit;
  • State and local taxes assessed on compensation; and
  • For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.

We continue to receive additional guidance from the SBA, however, based on what we know, we have summarized requirements needed to apply for the loan.  You can download our Preliminary Requirements Checklist.

Applicants for an Economic Injury Disaster Loan must apply through the SBA, whereas with a Paycheck Protection Program loan, applicants can apply with a local financial institution, like Civista Bank. The SBA’s EIDL program provides small businesses with up to $2 million in economic relief. To apply or learn more, visit

Applicants may apply for the loan until June 30th, 2020; however this program is subject to a funding cap. 

The first round of funding was exhausted on 4.16.20.  

Round 2 Update, 05.02.2020, Due to the high volume of PPP applications, we have received, we are no longer processing new applications at this time.


All faith-based organizations impacted by Coronavirus are eligible to participate in the Paycheck Protection Program and Economic Injury Disaster Loan Program, without restrictions based on their religious identity or activities, to the extent they meet the eligibility criteria outlined in the CARES Act. Learn more here.
This information is based upon current program information as of 5.19.20. 
Terms and conditions are subject to change.