Paycheck Protection Program
First Bank has funded over 800 Paycheck Protection Program loans, totaling more than $51 million, for our small business customers in Southeast Alaska. These uncertain times have reminded us of our commitment to our customers. We continue to work with those experiencing financial hardship. If you, as a current customer of First Bank, encounter financial difficulties as a result of the pandemic, please call us at 800-478-6101 during normal business hours.
Loan Forgiveness (Beginning August 10, 2020)
First Bank PPP customers will receive a notice in the mail inviting them to apply for loan forgiveness during specified dates. This will eliminate long processing wait times and allow us to get your forgiveness application approved in a timely manner. Please watch your mail at the address on file for this notice.
Loan Forgiveness Instructions and Applications
Most borrowers will use the SBA Form 3508EZ. Please read through the instructions and application to see if you qualify for this application.
For those larger borrowers that do not qualify for the SBA Form 3508EZ, please use the SBA Form 3508 (revised June 16, 2020).
The SBA has provided common questions and answers concerning the PPP loan. Please see their FAQ (updated August, 4, 2020).
For any additional questions on the forgiveness of your PPP loans, please contact the First Bank PPP Team at [email protected]