We wanted to take this opportunity to provide an update on our participation in the SBA’s Paycheck Protection Program (PPP).
May 28th Update: The Paycheck Protection Program is Back

A new round of the forgiveness phase is now available. Please click here to apply today 

Update: The Paycheck Protection Program has been exhausted on May 5, 2021

"After more than a year of operation and serving more than eight million small businesses, funding for the bi-partisan Paycheck Protection Program has been exhausted. The SBA will continue funding outstanding approved PPP applications"

Visit https://www.sba.gov/ for more information. 

Updated March 31, 2021

A bill was signed by President Biden on March 30th extending the current PPP round to May 31, 2021 or until the allotted funds have been depleted (roughly $80 Billion remains). The 2nd draw for PPP was scheduled to expire on March 31st.

For this round we have helped 158 local businesses receive over $6.8 Million to operate and maintain their employees!

Updated February 3, 2021

We are currently receiving approvals from the Small Business Administration (SBA) on a number of PPP loan applications previously submitted. As we receive these approvals, we are sending out  documentation for E-Signature. If you receive loan documents related to your PPP application please complete or contact us for further assistance. Once this step is completed, we will begin disbursement of funds. 

Updated January 15, 2021
First Citizens' is now accepting PPP loan applications via our online application portal

The deadline for submitting a PPP loan application is March 31st, 2021 or when the funds that have been allocated for this program have been exhausted - whichever comes first.
As a reminder, First Citizens' cannot guarantee any loan requests submitted via the First Citizens' portal (regardless of when submitted) will receive funding from the SBA and a loan request may not constitute a completed application to the SBA.

First Citizens' will accept applications from existing business customers and businesses located within our footprint (Bristol, Plymouth, Barnstable, Dukes, Nantucket and Norfolk Counties). An existing relationship with First Citizens' is required or one will need to be established. If you do not yet have a relationship with First Citizens' and would like to establish one, please contact one of our Business Development Officers listed below.

The Paycheck Protection Program (PPP) is a federal relief program administered by the U.S. Treasury and Small Business Administration (SBA).  Please visit sba.gov or treasury.gov for more information, including eligibility parameters.

What you need to know to complete the Paycheck Protection Program Application:
The application portal is intuitive and will guide you through the process. You will have the option to save any progress you make and return to the portal to finish your application later, if needed.
Please Note: You need to be a First Citizens' business account member to proceed with the application.

Need further assistance? Contact one of our knowledgeable business lenders below

John Cotton
VP/ Commercial Loan Officer
Cape Cod & The Islands 
(774) 628-7853

Michael Litzenberger
VP/ Commercial Loan Officer
South Shore & Southcoast
(508) 717-6039

Patrick Neenan
Chief Lending Officer
(774) 628-7859

Need to open a Business Checking Account? Contact our Business Development Officers below.

Thomas Talbot
Taunton/Raynham/ Southcoast Region

Matt Bolinder
Cape Cod & the Islands

Brian Lawless
South Shore Region

Updated January 11, 2021
First Citizens’ will participate in this new round of PPP funding. A new coronavirus relief act was signed into law on December 27, which includes additional PPP funding to help small businesses hard-hit by COVID-19. We are awaiting the final PPP rules and guidelines from the Small Business Administration (SBA). You can visit the SBA website for accurate up-to-date information. We are committed to keeping you updated as we learn more. Please check back here often.

Updated August 8, 2020
On August 8, 2020 the Paycheck Protection Program closed. As such, Small Business Administration (SBA) is no longer accepting PPP applications from participating lenders. The SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses including payroll costs, interest on mortgages, rent, and utilities. The borrower is responsible for tracking and documenting eligible expenses over the forgiveness period from when loan funds are received and for submitting a request for PPP loan forgiveness. 

Please note that the information regarding the PPP Program loan forgiveness provided here is  based on that which has been released by the U.S. Treasury Department and SBA and is subject to change. All financial institutions, including First Citizens', are required to follow regulations to determine the loan amount that is forgivable.  PPP loan recipients should stay informed of the latest information using the resources below.

The (SBA) recently issued instructions to lenders on the Paycheck Protection Program (PPP) forgiveness process. Lenders may begin submitting forgiveness applications to the SBA and we have created an online forgiveness loan tool to streamline and automate this process.

If you are ready to apply for forgiveness and have met the criteria for application timing (Please see “Frequently Asked Questions”), please start your forgiveness application by accessing the online tool. 

To begin, you will need the Business TIN from your PPP application, your loan amount and the SBA loan number (located on your loan closing documents). 

PPP Resources

Our Business lenders are committed to helping you succeed. Please reach out to our lenders for questions or inquiries about your business banking and lending needs. 

Michael Litzenberger
(508) 717-6039

John Cotton
(774) 628-7853

Need help calculating your eligible payroll for the program? Click here for a helpful tool

We appreciate your patience and understanding. The relationship with all of our business members are deeply important to us and we are proud to do all that we can to help you, your employees, and our community during this most difficult time.

For more information or details about this and other Small Business Administration funding options visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options