As you’ve likely heard, a new stimulus package was signed into law on December 27. We are still awaiting final guidance and regulations from many of the government agencies involved, however, this is what we know so far.

​Stimulus checks are on their way!
Funds will be distributed in a similar manner as they were the first round. Those set up through the IRS to receive direct deposit might already begin seeing the money in their accounts—with checks and debit cards being sent in the weeks ahead. Read more here.

Here is the link to check the status of your IRS payment. Click the “Get My Payment” button.

As always, you can monitor the status of any deposits in your Online Banking account. If you see your stimulus transaction is pending, click on the transaction itself to reveal when it will be available in your account.

If you’ve already received PPP funds
Please note you are not close to missing a deadline on applying for forgiveness. In fact, if your loan is $150,000 or less, it is in your best interest to wait on applying until the new streamlined forgiveness application is released, which is expected in late January 2021.

To stay updated with the most recent changes, please consult the SBA website or contact your commercial loan officer.

If you find you are still struggling during these trying times, we may have skip a payment or other deferral options available for you. Check out the resources on this page to learn more. Or, give us a call at 800.991.2221 or stop by an office to talk about your particular situation.

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