As of May 5, 2021, the Small Business Administration (SBA) has exhausted all PPP2 funds. No further applications are being accepted.
If you have submitted an application, but not received funding yet, please connect with your loan representative at The State Bank, or reach out to ACAP/TLS directly.
The State Bank is happy to assist customers through this time and will provide any forgiveness information as it becomes available from ACAP/TLS. Please note that the loan forgiveness portion for PPP Round 2 will be between customers and ACAP/TLS.
The PPP allows a portion, or all, of your loan and accrued interest to be forgiven if the proceeds were used for eligible payroll and non-payroll costs. Follow the link for more information.
The State Bank is proud to be a Preferred Small Business Administration (SBA) lender. Our small business experts can provide customized lending solutions to fit your business needs.