Government Relief Programs
There are a number of government resources available to help consumers and small businesses navigate these challenging times. Keep checking this page frequently for the latest updates on new resources as they become available. The IRS website is ultimately the best source for any stimulus payment related questions, as Community First does not have information as to the status or eligibility of stimulus payments.
Updates and Announcements
January 21, 2021
The U.S. Small Business Administration (SBA), in consultation with the U.S. Treasury Department, is re-opening the Paycheck Protection Program (PPP) for new borrowers and certain existing borrowers. Community First will start accepting the applications on January 21, 2021. Learn more about this program here
Second Round of Stimulus Payments
January 6, 2021. The IRS recently announced that they misdirected a small number of payments to the tax preparer vs. the taxpayer. As a result, many payments are being redirected as paper checks. Unfortunately Community First cannot answer questions regarding the status of your stimulus payments. To learn more visit the IRS website or use the Get My Payment Tool on the IRS website to check the status of your payment. Learn more: https://www.irs.gov/coronavirus/get-my-payment
January 4, 2021. The IRS has re-launched the Get My Payment Tool to track the status of the second round of stimulus payments. For more information please visit https://www.irs.gov/coronavirus/get-my-payment
December 31, 2020. A second COVID-19 economic relief package was recently approved by Congress. The package includes $600 direct stimulus payments to eligible recipients. The payments will be processed in the same manner as they were earlier in the year. As a reminder, Community First simply processes the payments and does not have information on the status or eligibility of payments. Therefore, we will not be able to answer any questions you have related to the status of your payment. Most answers can be found by visiting the IRS website.
Those members who currently have a pending stimulus payment with the effective date January 4, 2021 will be receiving the funds on December 31, 2020.
For additional information, please visit www.irs.gov
Second Paycheck Protection Program
December 28, 2020. On Sunday, December 27, 2020 a $900 Million stimulus package approved on December 21 by Congress was signed into law by the President. Read more details under the Small Business section below.