SBA loans

We know the CARES Act has prompted many questions about the
Small Business Administration and how to apply for disaster relief funds. 
As we receive details, we will post them here.

PPP Loan Forgiveness Information

Signature Bank's Payroll Protection Plan Forgiveness Application Portal is now open. All customers who received PPP funds from Signature Bank of Arkansas may begin the proces here: 

Signature Bank PPP Forgiveness Application.

In need of assistance with the process? Check out these helpful videos from our parnters at Numerated:

Filling Out the Application

Uploading Documents

Borrower Tutorial: How to Sign your SBA Documents and Complete the Process

As always, we are here for you every step of the way. Do not hesitate to reach out to your lender with any questions!

-   -   -



Join Signature Bank and CPA Chris Thorn for a discussion on avoiding pitfalls that could significantly impact Payroll Protection Program loan forgiveness. Chris and his team at The Thorn Group are closely monitoring updates from the IRS and SBA and have discovered several helpful tips as we wait for the SBA to provide official guidance.


Chris is a Certified Public Accountant and earned his BSBA in Accounting from the University of Arkansas in 1990. His experience in public accounting with Tyson Foods and Southwest Airlines has provided a unique and well-rounded background in successful business operations. He has owned residential rental property and small businesses, as well as served on non-profit boards as treasurer.

As a small business owner, Chris is passionate about helping other owners grow their business to meet their dreams. He believes these businesses are the true driver of our national economy.


Meeting ID: 871 9847 0868     |     Password: 352036

One tap mobile
+13017158592,,87198470868#,,1#,352036# US (Germantown)
+13126266799,,87198470868#,,1#,352036# US (Chicago)

Dial by your location

+1 301 715 8592 US (Germantown)     |     +1 312 626 6799 US (Chicago)
+1 646 558 8656 US (New York)     |     +1 253 215 8782 US (Tacoma)
+1 346 248 7799 US (Houston)     |     +1 669 900 9128 US (San Jose)

Meeting ID: 871 9847 0868     |     Password: 352036
Find your local number:



The Payroll Protection Program (PPP) is the Federal Government’s answer to this economic crisis. Created by the CARES Act, the PPP provides funds to cover eight weeks of payroll, in addition to bills such as rent and utilities. Familiarize yourself with the SBA’s information as well as our guide to avoiding fraud during the process.  

Payroll Protection Plan FAQ             Payroll Protection Plan Application Form            Guide to Application Requirements

Guidance from the US Department of the Treasury:

Overview            Information for Borrowers

Guidance from the US Chamber of Commerce.

We expect additional information from the Federal Government on April 3. 

 As the details for this program are ironed out, there are many other resources from the federal and state government, nonprofits, and media outlets:

  • Employee Retention Tax Credits The IRS and Treasury Department have teamed up to offer Employee Retention Credit. This refundable tax credit is 50% of up to $10,000 in wages paid by eligible COVID-19 impacted employers.
    • Guidance from the US Chamber may be found here
  • Shared Work Unemployment Compensation Program The Arkansas Division of Workforce Services Shared Work Program provides an alternative for employers faced with a reduction in their work force.
  • Quick Action Loan Program Focused on small and medium-sized companies working in the supply chain, this program may provide up to $250,000 to eligible companies.
    • At the time of writing, the Governor has allocated $3M to this fund, and the Attorney General has allocated $4M for a total of $7M.
  • Community Development Block Grant The Arkansas Economic Development Council’s effort to unlock up to $12 million in relief and recovery assistance is underway.
  • Facebook Small Business Grants Program Facebook is seeking to support small businesses with $100M in cash grants and ad credits.
  • Food and Beverage Industry Relief Fund The James Beard Foundation has launched a fund to provide micro-grants to independent bars and restaurants.
  • The Main Street Initiative Mainvest is launching a capital campaign to provide immediate $2000 loans at 0% interest to those who help them raise money.
  • Yelp for Help Yelp has announced $25M in free advertising to independent, local restaurants and nightlife businesses.

Please take note of these tips from the SBA Office of Inspector General:

Scam and Fraud Scheme Advisory List

  1. SBA does not initiate contact on either 7a or Disaster Loans. If you are proactively contacted by someone claiming to be from the SBA, suspect fraud.
  2. SBA does not provide grants to small businesses. SBA provides guarantees to lenders to encourage them to make loans to small businesses. If you are contacted via social media about a SBA grant program for small businesses, suspect fraud.
  3. If you are contacted by someone promising to get approval of an SBA loan, but requires any payment up front or offers a high interest bridge loan in the interim, suspect fraud.
  4. Look out for phishing attacks/scams utilizing the SBA logo. These may be attempts to obtain your Personally Identifiable Information (PII), to obtain personal banking access, or to install ransomware/malware on your computer. 
  5. If you are in the process of applying for an SBA loan and receive email correspondence asking for PII, ensure that the referenced application number is consistent with the actual application number. 
  6. SBA limits the fees a broker can charge a borrower to 3% for loans $50,000 or less and 2% for loans $50,000 to $1,000,000 with an additional 1/4% on amounts over $1,000,000. Any attempt to charge more than these fees is inappropriate.
  7. Any email communication from the SBA will come from accounts ending in .gov.
  8. The presence of an SBA logo on a webpage does not guarantee the information is accurate or endorsed by SBA. Please cross-reference any information you recieve with information available at
  9. If you have a question about getting a SBA disaster loan, call 1-800-659-2955 or send an email to You may also contact your Signature Banker or our call center at 1-877-855-7550 or
  10. If you have questions about other SBA lending products, call SBA's Answer Desk at 1-800-827-5722 or send an email to

SBA Logo for Reference:                     


SBA Lenders

To our Loan Customers, please keep in constant contact with your banker. We are here to help!

If you are not currently a Signature Bank Loan Customer, we have a banker in each branch ready to provide local guidance: 
Washington County:   Fayetteville: Megan Lahay          Springdale: Jason Orlicek
Benton County:   Rogers: Knight Weis                      Bentonville: Brock Hessing
Monroe County & Brinkley:   Todd Wilson