Next Round of Paycheck Protection Program Funding Coming Soon

January 5, 2021

First Home Bank will be participating in the next round of PPP, and we are currently monitoring the situation very closely. Now that President Trump has signed the bill, we will be updating the website as soon as application information is available. 

 

Important Second Draw PPP Loan Information:


Maximum Loan of $2 million
  • Loan amount equals 2.5 times average monthly payroll
  • For Accommodation and Food Services businesses loans will be calculated based on 3.5x the average monthly payroll. 
Maximum number of employees is 300

Must use or commit to using all of the first PPP loan received

Demonstrate a 25% reduction in gross receipts in any quarter of 2020 compared to that same quarter in 2019

All information is subject to final rules and regulations published by the SBA.
 
Routing Number: 063114551

Equal Housing Lender Better Business Bureau Accredited Business Member FDIC

© 2021 First Home Bank, Member FDIC, Equal Housing Lender
NMLS ID 806183 | NMLS Consumer Access

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

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