The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Paycheck Protection Program FAQs (Updated 4.29.20)
First Community Bank of East Tennessee is an approved PPP lender.
We ask for your patience as we navigate this program together, and we learn more about how we can assist our community.
Tennessee banks entered this pandemic from a position of strength, thanks to record capital and liquidity levels as well as prudent planning and risk management. At FCB, we look forward to helping small businesses get back to work and seeing our economy resume its strength. For the most up-to-date information regarding this program, visit sba.gov/ppp.