IMPORTANT NOTICE! Additional info if needed.
We want to help you apply for critical funds
through the SBA’s Paycheck Protection Program.
We want to help you apply for critical funds through the SBA’s Paycheck Protection Program.

Need Small Business Help? Let Us

lend a hand!

With the historic passing of the $2 trillion stimulus bill, there is much excitement, but there are also many questions. We want you to know that the “Bank About Town” is here for you. In the wake of this unprecedented government provision, we want to assist you in making informed decisions that will best benefit your business. There has been no better time to partner with a local bank, where we not only know you, but we know your economic landscape.

We are only a phone call away! Please call your area First Bank concierge at 601-684-2231 (Lobbies accessible by appointment only) or meet us in the drive-thru.

PPP QUICK GUIDE

PAYCHECK PROTECTION PROGRAM

As an SBA Loan, The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgage, rent, and utilities. Click here to read the full details about PPP. For more info on SBA Loans, click here.

To help make it easy, check out our “Understand PPP in 5” Guide below!

The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. Details outlined in this document are subject to change based on subsequent updates by the controlling entity.Lenders should also visit www.sba.gov or www.coronavirus.gov for more information.

compare loans

Which way to go with your small biz loan? Please take a look below to compare our Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL)! Thank you for trusting your Small Town SBA Lender.

Economic Injury Disaster Loans (EIDL)
Paycheck Protection Program (PPP)
HOW MUCH
You can borrow up to
$2 Million
for this loan.
HOW MUCH
You can borrow up to
2.5 times

your business’s average
monthly payroll
HOW TO USE
You can use this loan to 1. handle other expenses that you can’t pay due to disaster 2. do payroll 3. manage accounts payable 4. pay fixed debt
HOW TO USE

You can use this loan to 1. pay debt obligations (incurred prior to Feb. 15, 2020 2. do payroll 3. Pay employee salaries 4. Pay rent 5. Pay Mortgage interest
THE RATES
non-profit orgs                 small businesses
2.75%           3.75% 
THE RATES

1%

fixed rate for every business types
LOAN TERMS
Up to
30 years
in length
LOAN TERMS
No payments for the first
6 – 12 months

(10 year term loan goes into
effect after this time period).
LOAN FORGIVENESS

0%
eligible

LOAN FORGIVENESS
Up to
100%

(10 year term *approval needed to qualify

WANT TO MAKE “THE SWITCH?”

In these times, you need a bank that will make it their business to support yours. We make it easy. Call a local banker at 601-684-2231 when you’re ready to join the First Bank Family!

PPP QUICK GUIDE

PAYCHECK PROTECTION PROGRAM

As an SBA Loan, The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Click here to read the full details about PPP. For more info on SBA Loans, click here.
To help make it easy, check out our “Understand PPP in 5” Guide below!

Fully Forgiven

Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Must Keep Employees on the Payroll—or Rehire Quickly

Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

All Small Businesses Eligible

Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors—are eligible. Businesses with more than 500 employees
are eligible in certain industries.

When to Apply

Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.

How to Apply

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at www.sba.gov.

compare loans

Which way to go with your small biz loan? Please take a look below to compare our Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL)! Thank you for trusting your Small Town SBA Lender.

WANT TO MAKE
“THE SWITCH?”

In these times, you need a bank that will make it their business to support yours. We make it easy. Call a local banker at 601-684-2231 when you’re ready to join the First Bank Family!

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More Important
Phone Numbers

Customer Service
Toll Free - (800) 918-2856 | Local - (601) 684-2231

Card Verifi Alerts
(866) 435-7172

Lost or Stolen Debit Card (After Banking Hours)
(866) 546-8273

Mortgage
(800) 678-5648

Telephone Banking
(601) 684-2262

More Important
Phone Numbers

Customer Service
Toll Free - (800) 918-2856
Local - (601) 684-2231

Card Verifi Alerts
(866) 435-7172

Lost or Stolen Debit Card
(After Banking Hours)

(866) 546-8273

Mortgage
(800) 678-5648

Telephone Banking
(601) 684-2262

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YOU'VE REQUESTED MORE INFO ON OUR CHECKING ACCOUNTS

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YOU'VE REQUESTED MORE INFO ON OUR CHECKING ACCOUNTS

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YOU'VE REQUESTED MORE INFO ON OUR SAVINGS ACCOUNTS

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hello!

YOU'VE REQUESTED MORE INFO ON OUR SAVINGS ACCOUNTS

Thank you for your interest in what we have to offer! At First Bank, we love our towns and want to help you efficiently and effectively. Please enter in your information and one of a First Bank concierge will personally reach out to you ASAP!

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YOU'VE REQUESTED MORE INFO ON OUR LOANS AND RATES

Thank you for your interest in what we have to offer! At First Bank, we love our towns and want to help you efficiently and effectively. Please enter in your information and one of a First Bank concierge will personally reach out to you ASAP!

M

hello!

YOU'VE REQUESTED MORE INFO ON OUR LOANS AND RATES

Thank you for your interest in what we have to offer! At First Bank, we love our towns and want to help you efficiently and effectively. Please enter in your information and one of a First Bank concierge will personally reach out to you ASAP!

M