Beginning February 24, 2021, and for the following 14 days, we will be following the newly instituted guidelines and reforms regarding Paycheck Protection Program.

These guidelines allow for only businesses with fewer than 20 employees to apply for PPP relief during this 14 day period. Click here to review additional information on these guidelines for the next 14 days. If you have questions regarding the status of your loan, please contact your lender.

We are participating in this newest round of the Paycheck Protection Program (PPP) included in the most recent COVID relief package and are accepting inquiries based on the guidelines above. To begin the process, please complete the below PPP Inquiry Request Form (see below). Once completed, you will be contacted by your lender or banker for next steps.

Additionally, we are currently accepting inquiries for PPP Loan Forgiveness and are awaiting updated guidelines from the SBA to begin the process. We are anticipating these updated guidelines will be announced in early March. To get started, please complete the PPP Forgiveness Request Form (see below) and your lender will reach out directly to you to help you through the application process. Please note, we are only able to assist those who obtained their Paycheck Protection Program Loan through our institution.

If you have questions regarding the process of applying for PPP, status of your loan, or the forgiveness process, please contact your lender directly or call us at 800.526.9127.

At Republic Bank, we’re committed to our communities and clients. Our dedication has only intensified, during a time like this, as we recognize how truly interconnected we all are to one another. We are here to help in any way we can.

  • PPP Inquiry Request Form

    Your Information

    Business Information

    If you are not an exisiting Republic Bank client, your business must be located in IL.
    For purposes of calculating “Average Monthly Payroll”, most businesses will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For seasonal businesses, the business may elect to instead use average monthly payroll for the time-period between February 15, 2019 and June 30, 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly payroll may be calculated using the time-period from January 1, 2020 to February 29, 2020, excluding costs over $100,000 on an annualized basis for each employee. With recent updates, Applicants may select the average monthly payroll costs for 2019 or 2020.
    This amount should be 2.5 times the amount average monthly payroll from above.

  • PPP Forgiveness Request Form

To learn more about the specifics on how your loan may qualify for forgiveness and other current information, please visit the SBA’s website for updates and news.

For more information tailored specifically to you or if you have questions regarding your loan, please contact your lender directly or call us at 800.526.9127. We’re open for business and ready to help ensure all of us get through this together.