Responding to COVID-19

Paycheck Protection Program 2021

As a family-owned business, Charlotte State Bank & Trust is committed to supporting the small businesses in the communities we serve. We are now accepting first draw, second draw and expedited second draw PPP loan applications through our online application portal.

To better serve our customers and streamline the loan process:

We are unable to accept paper applications.
We have prepared a video walkthrough of submitting an online application and supporting documents.
We welcome applications from Florida businesses that are existing and new Charlotte State Bank & Trust customers.
Minimum loan size is $1,000.

The Paycheck Protection Program ends May 31, 2021, or sooner if all funds are depleted.

First Draw PPP

First draw loans are for customers who did not participate in the previous round of Paycheck Protection Program.

Now serving Florida businesses that are existing and new Charlotte State Bank & Trust customers
Provide proof your business was in operation on Feb. 15, 2020, by submitting a bank statement, utility bill, etc.
Employ no more than 500 people
Your loan amount will be calculated using your average monthly payroll as defined in the PPP Loan Application
Organize and scan your payroll records and payroll tax documents (e.g. third party or internal payroll reports, 941 forms, Schedule C or E forms, etc.)
To receive 100% loan forgiveness at least 60% of the PPP loan funds must be used for eligible payroll expenses

Before starting the online application process, please use an incognito or private browser window to avoid issues submitting your application or supporting documents.

Online Application

Second Draw PPP

Now serving Florida businesses that are existing and new Charlotte State Bank & Trust customers
Funds from your first PPP loan must be used in full on or before the expected disbursement date of the second PPP loan
Employ no more than 300 people
Provide documentation of a 25 percent or more revenue reduction, comparing any quarterly gross receipts for one quarter in 2020 with the gross receipts for the corresponding quarter of 2019 when submitting your application. Charlotte State Bank & Trust cannot process your loan application without this documentation.

Expedited Applications: If your requested PPP loan amount is the same as your first PPP loan with Charlotte State Bank & Trust the only documentation needed will be your quarterly statements showing the 25 percent reduction.

Before starting the online application process, please use an incognito or private browser window to avoid issues submitting your application or supporting documents.

Expedited Online Application

If you are changing your loan amount or received your first draw PPP loan from another institution, please organize and scan your payroll records and payroll tax documents (e.g. third party or internal payroll reports, 941 forms, Schedule C or E forms, etc.) and apply at the link below.

Before starting the online application process, please use an incognito or private browser window to avoid issues submitting your application or supporting documents.

Online Application

Questions about our online PPP application?

Check Out Our Video Walkthrough

Additional questions? Please email CBC_Analysis@crewsbankcorp.com.

Watch Video

Trouble submitting your application?

Check Out Our Tutorial on Using a Private Browser

To avoid issues submitting your online application or supporting documents, please use an incognito or private browser window.

Watch Video

The Paycheck Protection Program (PPP) is governed by the Small Business Administration (SBA), including guidelines and use of funds and is subject to change. Charlotte State Bank & Trust and its representatives are unable to provide payroll, legal or tax advice. Please consult an appropriate advisor. The information contained above is merely a summary, may not constitute the most up-to-date information, and is subject to change. Visit the SBA’s website for FAQs at www.sba.gov.

In view of the high demand for the Paycheck Protection Program (PPP) and the volume of applications, Charlotte State Bank & Trust suggests you apply as soon as possible and makes no promise nor commitment that a loan will be made or that your application will be submitted to the SBA before available PPP funds are depleted.

Not yet a Charlotte State Bank & Trust Customer?

A Charlotte State Bank & Trust business deposit account is required to apply for a PPP Loan with us. Please complete this form and a banker will contact you.

Get In Touch

1 888-624-5454
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