COVID-19: Business Loan Relief

COVID-19: Resources for Your Business

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We have developed several programs to assist customers during this time.

Business Loan Payment Deferral Program*
  • Defer loan payments for up to 120 days
  • Interest only payment options
Business Credit Card Payment Assistance*
  • Interest only payment options

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*Restrictions may apply
Image of Chris Delatore helping a customerPaycheck Protection Program
The application deadline was August 7th, 2020. CSB is no longer accepting applications. If you have questions about an existing PPP loan, please contact your lender.

Paycheck Protection Program

 The Loan Forgiveness Process

The Paycheck Protection Program Flexibility Act (PPPFA) was passed and made changes to the Paycheck Protection Program. 

Paycheck Protection Program

Flexibility Act (PPPFA) Overview

Flexible Loan Forgiveness Periods
Extends the Paycheck Protection Program (PPP) loan forgiveness period to include costs incurred over 24 weeks after a loan is issued or through Dec. 31, 2020, whichever comes first. Businesses that received a loan before the changes were passed may elect to apply the original eight-week covered period.


Extended Employee Rehire
The period in which loans can be forgiven if businesses restore staffing or salary levels is extended from June 30 to December 31, 2020. The provision would apply to worker and wage reductions made from Feb. 15 through 30 days after enactment of the CARES Act, which was signed into law on March 27.


Relaxed PPP Loan Use Restrictions
Require at least 60% of forgiven loan amounts to come from payroll expenses instead of the original 75%.


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Please note that the SBA has been issuing new guidance and clarifications to financial institutions on a frequent basis, and this information is subject to change. 

Loan Forgiveness Resources
The SBA is not currently accepting loan forgiveness applications; therefore, we are not taking applications at this time. If your PPP loan is with CSB, we will contact you when we are ready to accept applications and your lender will be available to assist you with the process. We recommend that you use the loan forgiveness application as a guide to start preparing the documentation that will be required.

PPP Loan Forgiveness Application

For more information concerning the Paycheck Protection Program and loan forgiveness, please refer to the US Department of Treasury resources:

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COVID-19 Economic Injury

Disaster Loans


The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

These loans are provided directly through the SBA and you will work with them to apply. For more information, please review the following SBA resources:

U.S. Small Business Administration (SBA)


Small Business Development Center

We realize this may be a challenging time for many of our local businesses. The situation surrounding the Coronavirus (COVID-19) and its impact is changing rapidly, and there is a constant stream of information to process.
We are committed to helping our customers by providing relevant information and assisting in exploring options. The U.S. Small Business Administration (SBA) is launching loan programs to assist businesses and our local Small Business Development Centers can help your business navigate the process.
During this time, we are here to help you and your business. We encourage any customer who is in need of assistance to please contact us. 

We are here to help.

Contact Your Local Expert.


Business Local Experts