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Paycheck Protection Program

Emergency SBA Loan - Closed August 8th, 2020

Thank you for your interest in the Paycheck Protection Program. By law, the Paycheck Protection Program closed on August 8th, 2020. The SBA is no longer accepting PPP applications.

Civista Paycheck Protection Program Stats
The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law on Friday, March 27, 2020, included 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) was 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 was able to help interested customers take advantage of the Paycheck Protection Program.  


  • No personal guarantees
  • No collateral required
  • 1.0% Fixed Annual Percentage Rate
  • Loans issued prior to June 5, 2020 have a maturity of 2 years. Loans issued after June 5, 2020 have a maturity of 5 years.
  • 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 60% of the funds on eligible payroll costs
  • Understand the two ways the forgiveness amount is reduced
  • Document your use of the funds in detail



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.
This information is based upon current program information as of 9.18.20. 
Terms and conditions are subject to change.