Paycheck Protection Program Loans

PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

SBA is reopening the Paycheck Protection Program (PPP) for First Draw Loans the week of January 11, 2021.

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan.

See an overview of the loans below.
The attached applications with instructions are provided so you may begin to assemble your PPP loan package and deliver it to your lender.
If your business HAS NOT had a PPP loan, you will complete the Borrower Application Form  (SBA Form 2483).
If your business HAS already had a PPP loan (even from another bank), complete the Second Draw Application Form (SBA Form 2483 SD).
If you choose to email the package, please use the NBT secure portal on our website via the link below. If you are new to the NBT secure portal, you will select “register” under “New to Secure Email?”
The Payroll Eligibility Calculator will assist you in calculating your PPP loan amount.
Payroll Eligibility Calculator
The Document Request List will assist you in assembling your PPP loan request package.
For More Information or Assistance, Please Contact:
Shauna Gheen
NMLS# 537991
Trent Knight
NMLS# 1804796