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COVID-19 Small Business Relief

COVID 19 small business relief paycheck protection program
 
IMPORTANT UPDATE:

The Paycheck Protection Program has been extended until May 31, 2021.

  • New loan applications are available for self-employed applicants who file an IRS Form 1040, Schedmousedownule C, and use gross income to calculate loan amount.
  • The new 3508S Forgiveness Application is now available for borrowers who received a PPP Loan of $150,000 or less!

 

SBA Paycheck Protection Program

The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

PPP loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

 

First Draw Loans

If you have not received a PPP loan before, First Draw PPP Loans may be available to you. The SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

*2483-C form now available for applicants who file an IRS Form 1040, Schedule C, and use gross income to calculate PPP loan amount.

Click below to upload your loan application and supporting documents:

 

Second Draw Loans

If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP Loan. Small businesses and non-profits with fewer than 20 employees and sole proprietors can apply for Second Draw PPP loans through March 9, 2021. The program will be open to all eligible entities March 10 through March 31, 2021.

*2483-SD-C form now available for applicants who file an IRS Form 1040, Schedule C, and use gross income to calculate PPP loan amount.

Click below to upload your loan application and supporting documents:

 
 
PPP First Round Loan Forgiveness

A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.

*3508S Forgiveness Application is now available for borrowers who received a PPP Loan of $150,000 or less!

Click the links below to determine which forgiveness application you should download and submit to our queue for processing:

Click below to upload your loan forgiveness application and supporting documents:

 
 
Please continue to check this page for updates.  If you have any questions or need assistance, we are here for you!  Call 765-364-0784 or email  info@myhhsb.com, or contact our PPP team directly!
 
 
Donation to Montgomery County Community Foundation for Covid 19
 
Supporting Our Communities
At HHSB, we understand how important it is to support the people and organizations that make this community a great place to work and live. In April, we proudly donated $10,000 to the Montgomery County Community Foundation's COVID-19 Emergency Assistance Fund to assist our local non-profits with emergency relief in food, child care, and healthcare. We also donated $5,000 to our local food pantries to help them prepare for the upcoming holiday season.
 
We are committed to giving back 10% of our net income annually and continue to look for ways to impact our communities. Click here to let us know how we can help your organization!

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