SBA Paycheck Protection Program

BLC will continue to support our nation's small businesses which are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. 


Loan Details

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan.

If you have not previously applied for a PPP loan, then at this time you can apply for a First Draw PPP Loan. First Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

You can find more information about the First Draw PPP loan and eligibility at sba.gov.

Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

Maximum loan amount and increased assistance for accommodation and food services businesses:

For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP Loan is 3.5x average monthly 2019 or 2020 payroll costs up to $2 million*.

* Note: The maximum loan amount for NAICS 72 borrowers First Draw PPP Loan is 2.5x average monthly payroll costs  

Who May Qualify

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020

The following entities affected by Coronavirus (COVID-19) may be eligible for a First Draw PPP Loan:

  • Sole proprietors, independent contractors, and self-employed persons
  • Any small business concern that meets SBA’s size standards (either the industry size standard or the alternative size standard)
  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
    500 employees, or
  • That meets the SBA industry size standard if more than 500
  • Any business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location


How and When to Apply

BLC Community Bank will begin accepting applications for PPP Loans on January 15, 2021, and through March 31, 2021.


If you have not previously applied for a PPP Loan please use the following application:


After completing the application please save it to your device, then click here to send a secure email to one of our lenders.

Please contact us with questions at (920) 788-4141.

PPP Loan Forgiveness

First Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement:

  • Employee and compensation levels are maintained
  • The loan proceeds are spent on payroll costs and other eligible expenses; and
  • At least 60 percent of the proceeds are spent on payroll costs

Click below to download Loan Forgiveness Applications and Instructions:


Form 3508S (Under $50,000): Form 3508EZ: Form 3508:


* Information adapted from sba.gov and is current as of January 14,2021. BLC Community Bank is a federally insured SBA 7(a) loan program approved lender.