We know that the coronavirus (COVID-19) is affecting each of us differently. As this situation continues to evolve, we're taking steps to help businesses as much as possible with updated resources on navigating the new normal and information on funding sources to support your business during this time.

We’re working with the SBA to provide information on SBA hardship relief assistance programs that can help our business customers, as well as other businesses in your communities.

SBA Paycheck Protection Program - Re-Opened

A new round of funding for the Paycheck Protection Program (PPP) has been approved as part of the COVID-19 relief package passed by Congress. Funding is estimated to begin in January 2021.

So we partnered with ACAP & The Loan Source, to make the PPP 2.0 application process simple. This partnership will allow us to help more small business owners.

Loan payment assistance for our customers:

If you are a current customer of FLCBank and unable to make your loan payment due to being impacted by COVID-19, we may be able to help.

PPP 2.0 Program Highlights*

For the Second Round of PPP loans, there will be an additional $284.6 billion in Paycheck Protection Program (PPP) funding for loans to small businesses, including for borrowers who have previously received a PPP loan.

Targeted Eligibility:

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.

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 Allied City Finance Trust Bank2 million.
  • For borrowers in the Accommodation and Food Services sector (click HERE for 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 Allied City Finance Trust Bank2 million.
  • Second Round loans will have the same terms as Round One loans and will be eligible for 100% loan forgiveness if funds are used for allowable expenses.

Below is the Second Round application and overview of requirements:

Original Round One PPP loans:

Round One loans are still available and borrowers must qualify under the original standards of PPP i.e. 500 employees.  Below is the updated application and overview of requirements:

*Please note this information reflects our understanding of the program rules at this time. Program rules and conditions are subject to change, and likely will change pending guidance and interpretation by the SBA.

Visit the following websites for more information on the Small Business Administration (SBA) paycheck Protection Program and the CARES ACT and Pay Check Protection Program PPP.

Get a head start on PPP 2.0 Funding

FLCBank knows times are tough, so we've partnered with the best-in-class PPP loan originator and servicer, ACAP & The Loan Source, to make PPP 2.0 simple. ACAP & The Loan Source are experts in the application process and making the forgiveness process seamless.

We are recommending everyone get a head start. By creating an account on the ACAP & The Loan Source online portal.


If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, or charge of any kind, including the purchase of gift cards, please do not respond. These are scams. Please contact the FBI at www.ic3.gov so that the scammers can be tracked and stopped.

Fraud involving payment of Federal taxes should be reported to the Treasury Inspector General for Tax Administration.

Back to Business

Maybe your business has already reopened or perhaps you are preparing for the next phase of reopening. Our friends at The SBDC Network have provided this helpful checklist as you prepare for your next business chapter.

Staying Resilient

Being prepared for unexpected business interruptions and having a contingency plan in place can provide peace of mind in times of uncertainty. Check out the SBDC's guide to Business Resilience below.

Small Business Administration Relief Funding Options

SBA Debt Relief

The SBA is providing a financial reprieve to small businesses with a current SBA loan during the COVID-19 pandemic.

EIDL Loan Advance

This loan advance through the SBA, provides up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

SBA Express Bridge Loans

Small businesses who currently have a business relationship with an SBA Express Lender could access up to $25,000 quickly.

Business Term Loans

If your business has financing needs for general business assets from $250,000 to $1,000,000, we can help. We offer 3 and 5 year variable or fixed interest term loans to help you expand your business or purchase long term assets. With competitive rates and fast decisions, FLCBank is here to help your business grow.

More Lending Solutions

FLCBank has an extensive array of financing options to help you achieve your business goals and aspirations.

Small Business Loans

As an SBA Preferred Lender, FLCBank can help you secure the critical funds you need with SBA 7(a) or SBA 504 loans.

Learn More

Equipment Loans

Our Equipment Loans can help you purchase equipment, vehicles, or make capital improvements.

Learn More

Owner-Occupied Real Estate Loans

We can help with the purchase, refinancing , or with the construction of a new facility through our Owner-Occupied Real Estate Loans.

Learn More

Business Acquisition Loans

Our Business Acquisition Loans can be structured to provide cost-effective financing for purchasing a business or another business.

Learn More