SBA Paycheck Protection Program
As California’s first Community Development Bank, Community Bank of the Bay has provided affordable financing to businesses and nonprofits for over 20 years. We’re uniquely qualified to help the community during challenging times.
CBB understands that the COVID-19 pandemic has resulted in economic disruptions that may impact the welfare of our entire community. If your business is facing financial challenges, a Paycheck Protection Program (PPP) loan can help.
CBB is actively monitoring the latest developments through our partnership with the Small Business Administration (SBA) and is actively supporting small businesses in the loan process.
There is time to apply for and receive support before PPP loans are set to expire on May 31, 2021.
You can best prepare for the coming PPP application process by doing the following:
- Gather all 2019 payroll tax filing forms such as IRS 940, IRS 941s, CA DE 9s, DE 9Cs, W-3, or 2019 Schedule C.
- Contact your payroll provider and request PPP average monthly payroll reports for your business or nonprofit. The reports document the average monthly payroll cost calculations you include in your application.
- Gather 2019 and 2020 Gross Revenue Totals by Quarter if you intend to apply for a second PPP loan.
PPP Loan Inquiry Form for VIPs
Our PPP Team is working hard to ensure that we help as many of our local business clients as possible. In order for us to best serve you, please fill out the above PPP inquiry form and our PPP team will reach out to you.