Helping you, your family, and your business:

We understand the privilege of serving and caring during this time and hope you will contact your banker for these and any other way we can assist:

• Loan payment options, including interest-only payments or payment deferrals
• Waiving certain account charges
• Increase in ATM withdrawal limits ….
  

CARES Act – Paycheck Protection Program (SBA guaranty)

Southern First Bank recognizes the benefit that the Paycheck Protection Program can be to small businesses and the incentive to help maintain employment during this COVID-19 pandemic. As published by the Treasury Department and the Small Business Administration, loans under this government program will be provided by existing SBA lenders. The details related to the Paycheck Protection Program have changed multiple times over the past few days and we recognize that the specifics around this government program will continue to evolve.

Southern First Bank has never been a participating lender under the SBA programs due to the complexity of the process, the expertise required, and the necessary resources to administer these loans. Our bank intends to become an SBA participating lender and dedicate every resource possible to help our clients access this Paycheck Protection Program. Due to our limitations on capital and resources in this COVID-19 environment, we recognize that we will only be able to fulfill a small number of requests by our clients. In an effort to assist every client who desires to apply for this program, we are including the following resources:

• More Information About the Paycheck Protection Program
• List of SBA Lenders
• Apply for Economic Injury Disaster Loan directly through the SBA