Coronavirus Updates

SBA Assistance Programs

Updated January 20, 2021

COVID-19 Relief and Paycheck Protection Program (PPP)

The U.S. Small Business Administration (SBA) has opened the PPP application to all participating lenders, after a week of allowing staggered access to help smaller companies and organizations access to funds.

Applying for a PPP Loan

HomeTrust is working to determine our capacity to effectively process PPP applications.

  • Businesses should not send any applications or requests to us at this time. Unsolicited applications cannot be accepted.
  • To ensure that we are able to guide our customers to PPP loan access, we ask customers to apply through one of the institutions listed below.
  • HomeTrust Bank is not affiliated with any of these organizations, but they will accept PPP applications from HomeTrust Bank customers through their automated site on a first-come, first-served basis.

Note: HomeTrust advises that you never provide your online banking credentials to anyone or company. You can receive a deposit for your PPP loan through an ACH deposit without providing your online banking credentials. If asked to provide your bank account credentials for a deposit, skip that option and choose the ACH deposit option.

MadisonOne

First Bank of The Lake

Contact First Bank of the Lake via email at [email protected] or by calling 573.668.8035.

Kabbage

Contact Kabbage via email at [email protected] or by calling 888.351.3143.


Resources

Additional Information

This round of the PPP prioritizes millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. Here are three  key Interim Final Rules related to the PPP  the SBA has released: