Small Business Questions and Help

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.

SBSU Cares Act Paycheck Protection Program

State Bank is accepting applications for PPP loans in anticipation of expected funding approved by the House on April 23, 2020. We have attached a fact sheet that details when, where, and who can apply. It also covers the terms, uses, and requirements for this loan. Please refer to the fact sheet for questions about the program. Please review the following information as it will answer many of your questions. As these funds are limited, submission of an application does not guarantee that the loan will be funded.

To apply, please complete the and submit the following:

  1. Paycheck Protection Program Application. You can access the application here.
    1. Question 3 pertains to affiliate businesses. See Addendum A in the application for more infomation.
    2. Question 4 pertains to SBA Economic Disaster Loan (EIDL). This is important to mark yes if you have recieved an EIDL loan from January 31, 2020 and April 3, 2020.
  2. Loan Amount Calculator PPP Report. You can access this calculator here.
    1. Select the business type on the first page. This will take you to the appropriate form.
    2. Instructions are found within this document
    3. One of the business owners will need to sign and return this form.
  3. Payroll documentation
    1. Year-Round Businesses (IRS Form W-3 or IRS Form 943)
    2. Seasonal Businesses (Payroll Information between 2/15/2019 and 6/30/2019)
    3. New Business (Payroll Information between 1/1/2020 and 2/29/2020)
    4. Sole Proprietor/Independent Contractor/Self-Employed: See documentation requirements below.
  4. Personal Information for all owners of 20% or more.
    1. Front and Back Photo ID (including full name and date of birth)
    2. Physical/mailing addresses
    3. Social Security Number
    4. Phone Number
    5. Email Address
  5. Articles of Incorporation/Organization for the borrowing entity

This list is intended to get your application started. Additional information may be required. Please call your local branch to get in contact with a loan officer to submit your application.

For more information on how to calculate maximum loan amounts by business type, please refer to our FAQ page .

Independent Contractors and Self Employed need to gather the following


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