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Stimulus and PPP Updates

As new information becomes available about Economic Impact Payments and the Payment Protection Program, we will update this information to help keep our customers and account holders informed. Please find the information you need in the tabs below. 
Check the status of your stimulus payment online

(Update: March 12, 2021)

The Internal Revenue Service now has the Get My Payment tool, an online portal to check the status of Economic Impact Payments. 

COVID-19 Economic Impact Payments

(Update: December 30, 2020)

With the recent signing of the economic stimulus package into law, individuals and families will soon be receiving Economic Impact Payments. Many of the transactions will be sent as ACH payments and will be posted directly to your checking or savings account.

The IRS database will be used to determine routing and bank account numbers for qualified individuals. We received information from the government that the soonest your payment could deposit to your account is Monday, January 4, 2021. If the IRS does not have account information on file for direct deposit, then you may receive a check or prepaid debit card. Paper checks will begin to be mailed today, December 30.

Economic Impact Payments

(Update: April 14, 2020)

Economic Impact Payments, or stimulus payments, are automatic for most taxpayers. No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees.

If you haven’t filed for 2019, but filed a 2018 federal tax return, the IRS will use their information from 2018 tax filing to make the Economic Impact Payment calculations. If you did not file a 2018 or 2019 federal income tax return, please visit the Internal Revenue Service's website to enter payment information.

Visit the IRS Economic Impact Payments Information Center to answer your questions about eligibility, payment amounts, what to expect, when to expect your payment, and more.

Updated PPP Loan Forgiveness Applications

(Updated August 2, 2021)
For PPP loans $150,000 or less
  • Apply for loan forgiveness directly through the SBA Forgiveness Portal at Direct Forgiveness.
For PPP loans greater than $150,000
  • If you meet the qualifications on page 4, you can use the Form 3508EZ.
  • Use Form 3508 if you do not meet the EZ qualifications. 
If you have any questions, please contact your lender. 

PPP Loan Forgiveness

(Updated: May 20, 2021)

For loans under $150,000 - 3508S
EZ Loan Forgiveness Application. See instructions in link to qualify - 3508EZ
Loan Forgiveness Application and Instructions - 3508

PPP Funds have been Exhausted

(Updated: May 5, 2021)
The Small Business Administration has informed trade associations that Paycheck Protection Program funding has been exhausted and that the PPP application portal will stop accepting applications for loans from most lenders.

SBA said it has reserved approximately $6 billion in funding for previously submitted loan applications subject to hold codes that have yet to be resolved. There also is approximately $8 billion remaining in congressionally mandated funding for PPP loans made by designated "community financial institutions," defined for bankers' purposes as minority depository institutions and community development financial institutions. 

Updated PPP Forms

(Updated: March 22, 2021)

The Small Business Administration has issued several updated forms for the Paycheck Protection Program. The updated forms include the following:

Newly Released PPP Documents

(Updated: March 15, 2021)

SBA Releases Interim Final Rule on PPP Changes

(Updated: March 3, 2021)

The Small Business Administration released an interim final rule on changes to the Paycheck Protection Program recently announced by President Biden. The rule addresses expanded aid for sole proprietors, independent contractors and the self-employed. 

SBA has updated its frequently asked questions to provide additional detail on these and other changes (borrower bankruptcy, partial first draw borrowers, size requirements, etc.) SBA has also provided new forms for borrowers.

Borrower Forms
PPP First Draw Borrower Application Form
PPP First Draw Borrower Application Form - Schedule C Filers Using Gross Income
Second Draw Borrower Application Form
Second Draw Borrower Application Form - Schedule C Filers Using Gross Income

Biden Administration Announces Changes to PPP Loans to Promote Access to the Smallest Businesses

(Update: February 22, 2021)

The White House announced several measures to ensure the smallest businesses have access to Paycheck Protection Program loans, including the following:

  • an exclusive 14-day period, starting Wednesday, February 24, where only businesses with fewer than 20 employees are eligible to apply
  • set aside $1 billion for PPP loans for sole proprietors, independent contractors and self-employed individuals in low-to-moderate-income areas and revise the loan calculation for these applicants
  • new eligibility for businesses owned by those with certain felony convictions
  • eliminate a rule restricting businesses at least 20% owned by an individual who is delinquent on student debt from receiving PPP loans
  • clarify that non-citizens may apply using individual taxpayer identification numbers
The SBA released revised first-draw and second-draw borrower application forms with updated demographic data.

SBA Updates Rules, Forms for PPP Loan Forgiveness

(Update: January 20, 2021)

The Small Business Administration has released revised loan forgiveness forms for the Paycheck Protection Program — Forms 3508, 3508EZ and 3508S*. SBA also released an updated interim final rule on PPP forgiveness and a new conflict of interest disclosure.

*Form 3508S is for loans under $150,000.

SBA issues FAQ for PPP loans

(Update: January 19, 2021)

The Small Business Administration has issued a set of frequently asked questions that address how to calculate revenue reduction and maximum loan amounts for first-draw and second-draw PPP loan recipients, as well as the documents borrowers must provide to back up these calculations. Second-draw loans are available for borrowers with 300 or fewer employees that experienced a 25% or greater revenue drop in 2020 compared to 2019 and that have used or intend to use the full amount of their first-draw PPP loan by the time they receive their second-draw loan.

*Please note: Blue Ridge Bank and Trust Co. requires all supporting documentation to be submitted at the time of application, including loss of revenue documents for second-draw loans under $150,000.

First-Draw FAQ

Second-Draw FAQ

Blue Ridge Bank and Trust Co. is now accepting First-Time and Second-Time PPP applications

(Update: January 12, 2021)

Second-Time PPP Applicants

Overview for Second-Draw PPP Applicants

Second-Draw PPP Application


  • Must be a Blue Ridge Bank and Trust customer in the Kansas City Metro Area
  • Forgiveness Application must be submitted prior to applying for Second-Draw PPP
  • Completed application (all blanks must be filled and applicable supporting documentation) signed and initialed in the appropriate spaces.
  • Second-time applicants must be able to demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

For additional information, please see the Q&A for New PPP Funding.

First-Time PPP Applicants

Overview for First-Time PPP Applicants

First Time PPP Application


  • Must be a Blue Ridge Bank and Trust customer in the Kansas City Metro Area

For additional information, please see the Q&A for New PPP Funding.

Paycheck Protection Program

(Update: April 1, 2020)

The Paycheck Protection Program (a provision of The CARES Act) authorizes up to $349 billion toward job retention and certain other expenses for small businesses and eligible nonprofit organizations during the COVID-19 crisis. Loan proceeds have the potential to be forgiven as long as certain criteria are met by the business.

We are encouraging business customers interested in the Paycheck Protection Program to review the PPP borrower information sheet to determine your eligible loan amount and the documents needed for processing the loan request.

The Payment Protection Program has ended.

SBA Economic Injury Disaster Loan Emergency Advance

(Update: March 27, 2020)

The SBA's Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organizations or 501(c)(19) veterans organizations affected by COVID-19. The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.

Applications for the COVID-19 Economic Injury Disaster Loan and loan advance are accepted on the Small Business Administration's website.