Total Funded Loan Amount: $301,284,560
As of May 4, 2021, the Small Business Administration (SBA) informed trade associations that Paycheck Protection Program funding has been exhausted and that the PPP application portal will stop accepting applications for loans from most lenders.
The SBA said that it has reserved approximately $6 billion in funding for previously submitted loan applications subject to hold codes that have yet to be resolved. There is also approximately $8 billion remaining in congressionally mandated funding for PPP loans made by designated “community financial institutions," (CFIs) defined for bankers’ purposes as minority depository institutions and community development financial institutions.
Vista Bank is not a CFI and therefore is not processing PPP loans at this time. Should you have any questions about the status of your loan, please contact your Vista Banker or your nearest Vista location.
SBA Advises Funding Expended for Round Two PPP Loans (Business Journals 05.04.21)
The interim final rule (Released by SBA 3/1/2021)
Updated frequently asked questions (Released by SBA 3/1/2021)
Biden Administration Announces PPP Changes (Issued 02.22.21)
Second Draw PPP Loans - Calculating Revenue Reduction, Maximum Loan Amounts and Necessary Documentation (Released by SBA 1/19/21)
Paycheck Protection Program Overview (from IBAT)
Top-Line Overview of First Draw PPP Loans (Released by SBA 1/8/21)
Interim Final Rule #1 – PPP as Amended by Economic Aid Act (Released by SBA 1/6/21)
Interim Final Rule #2 – PPP Second Draw Loans (Released by SBA 1/6/21)
With the recent highly publicized cyber-attack affecting almost every level of the federal government, we can not overemphasize the need to be extremely vigilant with your information.
Vista Bank will NEVER ask for your username, passwords, PINs, or personal account information through unsolicited emails, phone calls, text messages, or pop-up windows. If you receive an unsolicited request for this information, please call or visit your local branch or our centralized customer service number at 877.888.4782.
Learn more in our Fraud Resource Center.
*All provided information is subject to SBA guidelines and caps that are fluid and subject to change.
**Please note, Vista Bank will take every measure possible to ensure your success in this government program. However, funds are not guaranteed to be received as they are limited by the current federal total and are being addressed on a first-come, first-serve basis by the SBA and Treasury upon approval.
The information contained in this page is based on laws, rules, regulations, and related guidance with respect to the Paycheck Protection Program, including guidance issued by the U.S. Small Business Administration (SBA). We will periodically update this information, so please check back often.
In the event of any discrepancies between the information on this site and the SBA’s site, please follow official SBA guidance.
I want to take a moment to share how much Vista Bank has helped our third-generation small business. Myself not having any experience with SBA Loans/Grants, I was intimidated by the forgiveness process. I am so thankful Vista had Ben on their team to assist us. We cannot thank you enough for all you have done for and with us. Here's to the future of working together.