COVID-19: Business Loan Relief
- Tab 1CSB Loan Relief Programs
- Tab 2Paycheck Protection Program- Application
- Tab 3Paycheck Protection Program- Forgiveness
- Tab 4SBA Loan Relief Programs
- Tab 5SBA COVID-19 Resources
- Tab 6
Business Loan Payment Deferral Program*
Business Credit Card Payment Assistance*
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*Restrictions may apply
Paycheck Protection Program
Paycheck Protection Program
The Loan Forgiveness Process
The Economic Aid Act was signed into law on December 27, 2020 and made changes to the Paycheck Protection Program.
Overview of Key Changes
Effective with the Economic Aid Act
Flexible Covered Period
Extends the Paycheck Protection Program (PPP) covered period to be between eight (8) and 24 weeks after loan disbursement.
Expanded Covered Eligible Expenses
Eligible covered expenses for a PPP loan now include: payroll costs,
Loan Forgiveness Resources
We are now accepting PPP Loan Forgiveness Applications. If your PPP loan is with CSB, you will be contacted by us in order to begin the forgiveness application process.
If you have not yet been contacted by us and you would like to talk to a lender about the forgiveness application process, please contact us.
Your lender will be available to assist you with the process, and we recommend that you use the loan forgiveness application as a guide to start preparing the documentation that will be required.
For loan amounts $150,000 or less:
CSB is not working with any third-party agents
on forgiveness applications.
Please be watchful of communications from third-parties using CSB's name as the Lender and offering unsolicited assistance. The U.S. Department of Treasury has publicly released PPP data; therefore, third-parties may use CSB's name in communications and try to offer assistance with your forgiveness application or threaten collection action. These third-parties do not represent CSB; they may seek compensation from you for their services or be attempting to commit fraud. If you have any questions or need assistance, please contact your Lender at CSB.
Please contact your tax advisor regarding the impact of your PPP loan to your 2020 federal tax return. For additional information, please refer to the Internal Revenue Service.
COVID-19 Economic Injury
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.