April 1, 2021 - PPP Program Application Deadline extended to May 31, 2021
The Paycheck Protection Program Extension Act of 2021, signed into law on March 30, 2021, has extended the deadline to apply for PPP funds to May 31, 2021. Visit the Federal Register to learn more about Business Loan Program changes.
JANUARY 19, 2021
The new coronavirus relief package provides another $284 billion for the Paycheck Protection Program (PPP) in 2021. These funds are allocated for both new PPP borrowers and additional money to 2020 PPP loan recipients. In addition, a new PPP forgiveness application was announced to further simplify loan forgiveness for borrowers with PPP loans up to $150,000.
The Small Business Administration re-opened its doors for accepting PPP applications on January 11, 2021 with a phased-in approach for lenders, beginning with designated community development institutions. Civista Bank began submitting completed customer applications from the Civista PPP Portal on Tuesday, January 19, 2021.
The online Civista PPP Portal guides borrowers step-by-step through completing the application, uploading supporting documentation and electronically signing loan documents following SBA approval - no paper applications!