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.

PPP Loan Forgiveness Online Application

Please note that PPP loan forgiveness applications will only be accepted through our online portal. This will ensure more timely processing of your loan forgiveness application.

Current Tri Counties Bank PPP Loan Customers: You will be sent an invitation to apply with a link to the online application portal. Invitations will be sent via email and USPS mail. We are sending invitations in waves to ensure we have the resources to provide all customers with responsive support.

Important Update for Customers with Loan Amounts Totaling $50,000 or Under: The SBA recently announced a streamlined loan forgiveness application PPP loans in the amount of $50,000 or less. The new streamlined application form 3508S will be available to you if you meet the following criteria:

  1. Your PPP loan amount is $50,000 or under, and
  2. The total amount of PPP loans taken by your company and all of its affiliates does not exceed $2 million.

Borrowers who qualify for the form 3508S are exempt from reduced forgiven amounts due to decreases in FTE (full-time equivalent) or in salaries or wages, and the form requires fewer calculations.

We are currently updating our PPP loan forgiveness online portal, in partnership with the SBA, to support the new simplified application 3508S option. We will notify customers with loan amounts of $50,000 or less by email when the update has been made.

Note: The PPP loan forgiveness period (time in which qualified expenses can be spent) was extended from eight weeks to 24 weeks from loan funding date. Read more information from the SBA here.

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.

SBA's Standard Forgiveness Application

SBA's Forgiveness Form 3508EZ*

*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.

Read Questions & Answers from our PPP Loan Forgiveness Webinars here

Recorded June 4, 2020