Updated PPP Loan Information

We remain committed and ready to help our clients and community through this second round of funding!

SBA Information & Guidance

We encourage potential second round PPP borrowers to review recent information and guidance released by the SBA:

Paycheck Protection Program Updates 

Guidance on Accessing Capital for Minority Underserved Veteran and Women Owned Business ConcernsIcon: External linkPaycheck Protection Program Updates Icon: External linkSBA and Treasury Announce PPP Re-Opening; Issue New Guidance | U.S. Department of the TreasuryIcon: External linkTop-Line Overview of First Draw PPPIcon: External linkTop-Line Overview of Second Draw PPPIcon: External link

Important Information for Borrowers

Please be aware of third-party companies contacting PPP borrowers to utilize their fee-based services for forgiveness application processing. It is at the borrower's sole discretion to use these services; however, this is not necessary to process your application. Commencement Bank offers a free software solution for borrowers applying for forgiveness.

Common Questions & Solutions for Commencement PPP Clients

Below is a link to a few common questions and answers for Commencement clients applying for a second draw PPP.

For more detailed questions, please contact GGL@commencementbank.com or your Commencement banker at 877.284.1880.  Please be patient while awaiting a response as we are navigating a large volume of inquiries.