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SBA Paycheck Protection Program


Attention Applicants: We are ONLY accepting applications for Kish clients and businesses located within our five-county market area, including Centre, Huntingdon, Mifflin, Juniata, and Blair Counties. 

To apply:

  1. Review the program details below and click here for FAQs.
  2. Click here to download and complete the attached MS Excel application spreadsheet in its entirety, including the built-in calculator, to determine your average monthly payroll amount based on the program details below.

    Note: This document must be uploaded as a digital Excel file. It cannot be a scanned copy of a printed version.

  3. Collect the following information to submit through the portal in step 5. Click here to see a full list of acceptable documents in our FAQs.
    1. Verification of current employees as of February 15 for whom you pay compensation and payroll taxes
    2. Evidence of your average monthly payroll expense for 2019 (from your Form 940) or the last 12 months for seasonal businesses.
    Note: If you are not a current Kish client, we will need to collect additional borrower information to comply with BSA and establish your loan accounts.
  4. Click here to download, complete, sign, and save your application to submit through the portal in step 5.
  5. Click here to submit your application and supporting documentation through our Kish Bank Lending Request portal.

Following submission, Kish will process your request through the SBA loan program and update your request status in our portal. If you have any questions throughout the process, please contact your loan officer or email us at [email protected].


About the Program

The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. The loan amounts will be forgiven as long as the loan proceeds are used to cover payroll costs and most mortgage interest, rent, and utility costs over the 8-week period after the loan is made and employee and compensation levels are maintained.
Program Details:

  • The loan amount can be up to 2.5 times your average monthly payroll costs from the past year. This is equal to 2 months payroll plus 25%.
  • Loan maturity is 2 years with an interest rate of 1.0% fixed with no pre-payment penalty.
  • Loan payments will be deferred for 6 months with interest accruing during this period.
  • No collateral or personal guarantees are required for this loan.
  • The qualification period for loan forgiveness is the 8 weeks following the issuance of the loan.
    • Borrower will need to maintain Full Time Equivalents (FTEs)—it is anticipated that you will owe money if you do not maintain your staff and payroll.
    • Level of pay cannot be reduced more than 25% for employees who make less than $100,000 during the qualification period.
    • Borrowers have until June 30, 2020 to rehire employees and reinstate salary levels for any changes made between February 15, 2020 and April 26, 2020.

What Counts as Payroll Costs:

  • Salary, wages, commissions, or tips (Salary costs are capped at $100,000 on an annualized basis for each employee)
  • Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit
  • State and local taxes assessed on compensation
  • For the sole proprietorship or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee

Documentation Needed to Verify Borrower Qualification:

Borrowers will need to complete the Paycheck Protection Program Loan Application and submit verifiable payroll documentation described below.
  • IRS Form 940 – Employer’s Annual Federal Unemployment Tax or IRS Form 941 – Employer’s Quarterly Federal Tax Return for seasonal businesses
  • General ledger supporting period covered to determine loan amount eligibility or an outside third party payroll verification covering the same period
  • Evidence of business operation as of February 15th, 2020

Future Documentation Needed to Verify Borrower Request for Forgiveness:

  • Verification of employment and payroll costs
  • Payments on eligible mortgage, lease, and utility obligations
  • Signed borrower certification that the documents are true and that you used the forgiveness amount to keep employees and make eligible mortgage interest, rent, and utilities payments

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