We are proud to have assisted so many clients that chose to participate in the CARES Act Paycheck Protection Program (PPP). We began assisting clients on the first day of the program and to date, we’ve assisted more than 6,500 businesses with more than $900 million in funding. We look forward to assisting these clients as they move through the loan forgiveness process next. 

PPP Loan Forgiveness Process

We are ready to help you apply for forgiveness of your Paycheck Protection Program loan. We have created an automated process which will allow you to complete the PPP Loan Forgiveness application online and upload any required documents. This will make applying for forgiveness easy and will negate the need for you to complete a paper application from the Department of the Treasury’s website.

You may apply for forgiveness at any time

We recently emailed you a personalized link to be used to apply for loan forgiveness. You may click on that link or access the PPP Loan Forgiveness portal to complete the loan forgiveness process, using the password you established (new or returning borrowers can use the "Forgot Password" function). Please be sure to review the important considerations below FIRST.

Please note: the SBA has up to 90 days to review PPP forgiveness applications after they receive them.

Update: Special Application for PPP Loans $50,000 or under

The Small Business Administration has developed a simplified forgiveness application for those clients with CARES Act PPP loan amounts of $50,000 or less. We are working to incorporate this application into our automated process and will notify you when it is available. If you have already applied for loan forgiveness, there is no need to reapply. Your current application will continue to be processed.

Important considerations BEFORE you apply for PPP loan forgiveness:

  • Be sure to visit the Department of the Treasury’s website to review complete guidance prior to applying for forgiveness. Although you will apply for loan forgiveness using the automated link provided, it is important to familiarize yourself with the application and instructions located on the site.
  • Gather all the required documents and scan them PRIOR to applying for forgiveness as you’ll need to upload some of them when you submit your application.
  • If your personalized link has expired, click on the PPP Forgiveness Portal link and use the “Forgot Password” function.
  • Please review our Frequently Asked Questions (FAQ).
  • The deadline to apply for forgiveness is 10 months after your covered period has ended, before any loan payments would be required.
  • There have been, and continue to be, updates from the SBA and Department of Treasury on the PPP loan program. You can find frequently asked questions, other information, and links to many of these updates on this page. 
  • We have created videos to guide you through the First Financial Bank automated loan forgiveness process. You'll find these videos below. For additional resources, please consult the Department of the Treasury’s detailed FAQ document.

  • Below you will find three short instructional videos based on specific content of the PPP loan forgiveness process. Please access these videos to assist you through the automated process.

You should only apply for forgiveness once, so it’s important to read the materials, gather your documents and prepare to complete the forgiveness application ahead of time. If you have any questions, please reach out to our PPP Loan client mailbox SBAforgivenessquestions@bankatfirst.com.

Please continue to check this web page for updates. 

Thank you for choosing First Financial Bank as your banking partner. 

Paycheck Protection Program Eligibility:
  • You are a small business (including sole proprietorships, independent contractors and eligible self-employed individuals), a nonprofit as described in section 501(c)(3) of the IRS Code that is exempt from taxation under section 501(a) of the Code, a veterans' organization (501(c)(19) or a tribal concern.

  • You were in operation on 2/15/2020 and paid salaries and payroll taxes or paid independent contractors (reported on a 1099).

  • You employ 500 or FEWER employees OR your business is an industry that has an employee-based size standard through SBA that is higher than 500 employees.  If you are a restaurant, hotel or business that falls in the SBA NAISC code 72 – Accommodation and Food Service and each of your locations has 500 employees or fewer, you are also eligible.
  • Nonprofit organizations are subject to the SBA’s affiliation standards. Independently owned franchises with under 500 employees, who are approved by SBA, are also eligible. Eligible franchises can be found through SBA’s Franchise Directory.
Program highlights:
  • Forgivable loans covering 2 ½ months of payroll costs up to $10 million.

  • Interest rate of 1% fixed for the life of the loan.

  • SBA upfront guaranty fee is waived for this program (regular 7a loans do not have any waiver).

  • The term of the loan is two years (this applies toward any balance that is not forgiven).

  • Loan payments deferred no less than six months. No collateral required.

  • No personal guaranty required.*

    *If loan proceeds are used for purposes not authorized by the law, the government will have recourse against a shareholder, member. or partner of a borrower.
Payment Relief for Current First Financial SBA Loan Clients

First Financial Bank is offering deferment on many loan payments, which provides support and relief to our existing SBA Loan clients. In addition, the CARES Act Small Business Administration (SBA) Debt Relief Program provides relief for existing SBA loan holders. Six consecutive monthly payments will be made by the SBA, beginning with the April payment. These SBA payments will be made on the client’s behalf and there is no expectation for the client to repay them. Current First Financial SBA (7a) loan clients will receive a letter detailing the relief provided to them. Please refer to the letter you receive for complete details. Answers to frequently asked questions about this program are available here.