Applying For A Loan Under the SBA's Paycheck Protection Program (PPP)

A $2 trillion stimulus package in response to the COVID-19 pandemic



American Commence Bank is committed to meeting the needs of our commercial and small business banking customers.

On March 27, 2020, the President signed the CARES Act into law, a $2 trillion stimulus package in response to the COVID-19 pandemic.

This week the Treasury Department issued much-anticipated guidance for the Paycheck Protection Program, which, starting April 3rd, will provide up to $350 billion in “forgivable” loans to help small businesses maintain payrolls during the coronavirus pandemic. According to the SBA, these loans will be fully guaranteed by the Small Business Administration, but the SBA will waive all SBA guaranty fees. Program requirements are still in flux, so be aware that changes may occur before and during your application process.

Small businesses and sole proprietorships—generally, those with 500 or fewer employees—may apply for PPP loans starting on Friday, April 3; independent contractors and self-employed workers can apply starting April 10th. PPP loans may be fully forgiven when used for payroll costs, interest on mortgages, rent and utilities, but again…these guidelines are subject to change. At present, loan forgiveness is based on employers maintaining headcount or quickly rehiring and maintaining salary levels.

Use This Link for Program Information

View the loan application form

As we stand ready to support our customers, please realize that appropriate documentation will be essential in getting applications approved. Please be patient as we monitor ongoing program changes and support you with this program. For additional information, visit If you have questions, call your local branch.

Lastly, please do NOT go to a branch to make application. All applications are being handled via phone conversation and email.

Thank you for your support, your patience and your cooperation. We are certain that our Community of One will get through these uncertain times.


American Commerce Bank, N.A.


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