SBA CARES Act
Paycheck Protection Program
The SBA Paycheck Protection Program (PPP) was created to help small businesses keep workers employed during the COVID-19 crisis. As a Small Business Administration (SBA) Preferred Lender, Tri Counties Bank was able to provide PPP loans to small business customers throughout California.
Tri Counties Bank is no longer accepting new PPP loan applications. If you have questions about your current PPP loan application already in progress, please contact your local banker or call 1-800-982-2660.
Latest PPP Updates from the SBA
Notice For Customers With SBA Economic Injury Disaster Loan (EIDL) Advance
If you received an EIDL advance, the SBA is required to reduce the borrower's loan forgiveness amount by the amount of the EIDL advance. The SBA will deduct the amount of the EIDL advance from the forgiveness amount remitted by SBA to the lender. For more information, view the SBA's PPP FAQs.
Loan Forgiveness Required Documents
We have provided links below to the SBA’s loan forgiveness application instructions for reference as you prepare your supporting loan forgiveness documentation. Please note you will be required to apply for loan forgiveness through our online application portal.
SBA’s Forgiveness Form 3508S
Form 3508S applies only to borrowers with PPP loan amounts of $50,000 or less.
*Form 3508EZ applies to borrowers who meet any one of these three criteria:
Applied for the PPP loan as self-employed, an independent contractor or a sole proprietor with no employees.
Did not reduce salary or wages for any employee by more than 25%, and did not reduce the number or hours of their employees (excluding laid-off employees who refused an offer to return).
Did not reduce salary or wages for any employee by more than 25% during the covered period and experienced reductions in business activity as a result of health directives related to COVID-19.
View Our PPP Loan Forgiveness Webinar.
Tri Counties Bank partnered with Moss Adams, a leading accounting and tax firm, to create a webinar to provide you with expertise and guidance throughout the loan forgiveness process.
Recorded June 4, 2020