COVID 19 Business Resources

Partnership You Can Rely On, Through Thick And Thin.

 

State Bank of Cross Plains CARES about its business customers, and we want to make sure that you’re aware of all the tools that you have at your disposal, to support your operation and your employees. Every business is unique, so please review the following information to find the program best suited to helping yours.

As a U.S. Small Business Administration Preferred Lender, State Bank of Cross Plains is well positioned to help your operation with any funding assistance it may need. Right now, the SBA is:

To learn more please continue to reference this page or contact our Customer Support team at 608.798.2400 today.

 

Paycheck Protection Program (PPP) Forgiveness

We continue to accept applications for PPP loan forgiveness for all eligible PPP borrowers. Please read the following information for PPP forgiveness instructions.

2020 PPP Loan Forgiveness 

SBCP began accepting applications for forgiveness of PPP loans on 8/11/2020. If you have not yet applied for forgiveness, you can follow the instructions below or contact us to request assistance.

IMPORTANT – If you do not apply for and receive approval by SBA for forgiveness of your PPP loan received in 2020 within 16 months of the date you received your funds (disbursement date), your loan payments will no longer be deferred and your loan will automatically be converted to require you to make monthly payments to pay off the loan.

 

SBA Economic Injury Disaster Loans

The SBA offers disaster assistance in the form of low interest loans to businesses, nonprofit organizations, homeowners, and renters located in regions affected by declared disasters. SBA also provides eligible small businesses and nonprofit organizations with working capital to help overcome the economic injury of a declared disaster.

SBA offers several relief options to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19. Review all options or skip to a specific program in the information that follows.


Additional Resources

 

Here is a small list of additional resources that we feel might be of benefit to you.