The SBA, in conjunction with the US Treasury, released guidance for the second round of PPP loans on 1/6/21.  The new guidance outlines changes to eligibility, most notably the requirement for a business to demonstrate a 25% reduction in gross receipts in the first, second, third or fourth quarter of 2020 relative to the same quarter in 2019.  While we are awaiting the release of the new application and for the SBA portal to open, our team is finalizing our application process.  We anticipate this will be complete as early as January 11 and will update you as more information becomes available.

The next communication you receive from us will be an email containing a direct link to our application portal.  This platform will allow you to apply on-line directly to SBA through Paducah Bank in an efficient and expedited manner.  We will share a tutorial video with each applicant that will walk you through the process in a very detailed fashion.

We encourage you to read the newest guidance for this second round of PPP loans here.

We remain committed to the financial health of your business and appreciate your ongoing partnership.