Coronavirus Aid, Relief, and Economic Security (CARES) Act Paycheck Protection Program

The Paycheck Protection Program (PPP) introduced by the Federal government and administered by the Small Business Administration is an unprecedented relief package for small businesses across the country. We have worked quickly and thoroughly since the PPP started on April 3, 2020 to assist our customers and communities.

We will continue to monitor all regulatory guidance applicable to the PPP and update any changes to status on this page. 

Contact your local relationship manager for questions related to submitting a PPP2 Second Draw Loan request through Sunflower Bank or First National 1870.

SBA-Provided Forms:

• PPP2 Second Draw Borrower Application 2483-SD
• PPP2 Second Draw Schedule C Borrower Application 2483-SD-C
• PPP Forgiveness Application 3508 (with instructions included)
• PPP Forgiveness Application 3508S (for borrowers with a PPP loan of $150,000 or less; with instructions included)
• PPP Forgiveness Application 3508EZ (borrowers can use the 3508EZ form if they meet at least one of the two criteria identified at the top of the 3508EZ Instructions; with instructions included)
• PPP Borrower's Disclosure of Certain Controlling Interests (This form is only required for any First Draw PPP loan made before December 27, 2020, if the President of the United States, Vice President of the United States, the head of an Executive department, or a Member of Congress, or the spouse of any such person as determined under applicable common law, directly or indirectly held a controlling interest in the borrower on the date of the loan application.)

SBA-Provided Instructions for Calculating Second Draw PPP Loans
The SBA, in consultation with the Department of the Treasury, is providing guidance to assist businesses in calculating their revenue reduction and payroll costs (and the relevant documentation that is required to support each set of calculations) for purposes of determining their eligibility for and amount of a Second Draw PPP Loan. For a detailed explanation on how to calculate your maximum loan amount and the documentation required and documentation required to substantiate a 25% reduction in revenue, CLICK HERE.

PPP2 Eligibility and Documentation Requirements
Please review and download this document with PPP2 Eligibility and Documentation requirements (updated 1/19/2021). It includes details on:

• Eligibility for those businesses with a 25% reduction in gross receipts between comparable quarters in 2019 and 2020
• Loan details (calculation for loan amount, maximum loan amount, term, interest)
• Documentation needed to calculate loan amount
• Documentation needed to prove a 25% reduction in Gross Receipts including definition of Gross Receipts

Update as of July 17, 2020: 
If you have been approved for a PPP loan through Sunflower Bank, N.A., we are accepting PPP Loan Forgiveness Applications and corresponding documentation based on the current requirements published by the Treasury and the SBA.  
 
Customers have been sent an email with unique instructions on how to upload their Loan Forgiveness Application. If you are a customer and have questions or have not received the email, please contact your relationship manager directly.