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Payroll Protection Plan
Now Accepting Forgiveness Applications for Over $150,000
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Enhanced Safety Measures
The health and safety of our clients, associates and community is our priority
Over The Past 21 Years,
First Citrus Bank Has Invested $0.98 Of Every Deposit Dollar Back Into The Tampa Bay Community.
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MAKING AN IMPACT
Lifecare Planning Solution
Life Care Planning Solutions have clients who are counting on them to resolve their claims. We are happy to have helped LCPS keep their staff and support the businesses that rely on their expertise to assist them through the complex claim management process.
Seal Swim School
The PPP loan we secured for Seal Swim School allowed them to reopen, bring their team back together, and, most importantly, continue to teach children lifesaving skills in the water.
Cornerstone Furnished Solutions
Cornerstone Furnished Solutions reached out to us for help to ensure they could continue to provide jobs for their 18 employees - and provide furnished, short term housing solutions for people who are displaced, whether it be because of a move or an evacuation due to damage. We’re proud to be able to have helped them and keep their business running!
These banks were the region’s top PPP lenders
It looks like the Paycheck Protection Program is finished — for now. The program, which was administered through the Small Business Administration, provided loans to small businesses that could be totally forgiven if a certain percentage of the funds were spent on payroll-related costs. The PPP proved immensely popular when it was first launched in…
With pandemic ongoing, Tampa Bay lenders call for another round of PPP
The demand for Paycheck Protection Program loans may not look robust at the moment, but several lenders who spoke with the Tampa Bay Business Journal said that another round could be needed. Demand was explosive when the Small Business Administration launched the program in April, which allows loans to be completely forgiven if a certain…
Here’s what advice local bankers have for borrowers seeking PPP forgiveness
In April, businesses sought money. In August, they’ll be seeking forgiveness.On Aug. 10, the Small Business Administration will begin accepting applications for forgiveness of loans granted through the Paycheck Protection Program. The PPP, which was administered through the SBA, provided loans up to $10 million for businesses with less than 500 employees. About three months…
Another Shining Quarter At First Citrus, With PPP Loan Tailwinds
First Citrus (OTCQB:FCIT) reported second-quarter earnings on July 20, with another record quarter. These results were primarily fueled by PPP loans and COVID-19 re-positioning. The company’s valuation has taken a hit since February and is now at a level not seen since 2018. Second-Quarter Earnings The company reported quarterly earnings per share of $0.63, a…
