COVID 19 UPDATE Home Products Services Privacy Policy Contact Online Banking Login LOGIN Forgot Username | Password | New User Paycheck Protection Program Borrower Information Sheet for the Paycheck Protection Program can be found HERE If you are a small business, sole proprietor, non-profit or church, Apply Today and confirm eligibility for your funds. 1st State Bank is here to support you from start to finish. Contact any of our branch locations for an application. https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program In addition to the Application you complete, 1st State Bank will be required to verify or obtain the following information: Your business was in operation as of February 15, 2020. Your business had employees as of February 15, 2020, for which you can verify paid salaries and payroll taxes via copies of IRS Forms 941, 1099, 1096, 944, W-3, or similar evidence. The dollar amount of your loan will be based on the requirements in the Borrower Information Sheet. Small Businesses and Sole Proprietorships can apply beginning April 3, 2020. Independent Contractors and Self Employed individuals can apply beginning April 10, 2020. Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Refinances of existing SBA loans are excluded. Financing maximums and terms are determined by borrower qualifications and use of funds. 1st State Bank and its representatives do not provide tax advice. Consult an advisor regarding a particular financial situation. Farnam 222 Main Street P.O. Box 96 Farnam, NE 69029 P: 308-569-2311 Holbrook 123 Center Avenue P.O. Box 100 Holbrook, NE 68948 P: 308-493-5905 Cambridge 309 Nelson Street P.O. Box 220 Cambridge, NE 69022 P: 308-697-3305 Alma 1108 W 7th P.O. Box 897 Alma, NE 68920 P: 308-928-2929 Stamford 130 Main Street P.O. Box 95 Stamford, NE 68977 P: 308-868-2175 EMAIL THE BANK © 2021 First State Bank. All rights reserved. | Sitemap On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, which, in part, permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. Consumers and bankers can find additional information regarding FDICÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬ ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ deposit insurance coverage through the use of the FDICÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬ ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ Electronic Deposit Insurance Estimator (EDIE) and deposit insurance publications located on the FDICÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬ ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ websiteÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡Ãƒâ€šÃ‚Â¬ÃƒÆ’Ã¢â‚¬Â¦Ãƒâ€šÃ‚Â¡ Are My Deposits Insured? For more information, visit: http://www.fdic.gov