Small Business Questions and Help

ATTENTION: Due to high demand for SBA PPP loans, there is a delay in our ability to process new applications timely. Please contact your SBSU Loan Officer for more information.

Assistance available for businesses affected by Coronavirus

We are aware that economic disruptions can cause financial challenges for your business. We want our customers that are experiencing a financial hardship due to Coronavirus (COVID-19), to please contact your SBSU Loan Officer to discuss your unique situation and what options may be available to you.

Identifying your current cash flow concerns and what State Bank and the Small Business Administration (SBA) can do to help is our priority during these uncertain times. We hope to be the partner that you have come to know and appreciate as you work through any financial hardship that is in front of you.

U.S. Small Business Administration Economic Injury Loan

If your business has suffered an economic injury as a result of the Coronavirus (COVID -19), you may be eligible for financial assistance directly from the U.S. Small Business Administration. This assistance will come in the form of a low-interest federal disaster loan that can be used for working capital needs such as paying fixed debts, making payroll, and paying other bills that can’t be paid because of the disaster’s impact.

Businesses may submit an application online or receive additional disaster assistance information at https://disasterloan.sba.gov/ela. You may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.

To submit an application with the SBA please have the following information available:

You will need to print out and sign a tax information authorization form (IRS Form 4506-T). The signed form will then need to be scanned and uploaded into the application.

FAQs Regarding SBA Economic Injury Disaster Loans