Paycheck Protection Program (PPP) - Round 2


Required documentation needed when completing Round 2 - PPP Loan Application:
  • If you participated in Round 1 and your loan was $150,000 or more, be sure to complete your PPP Loan Forgiveness.
  • Evidence of 25% revenue reduction in 2020 compared to 2019 - for Draw 2 only (may be any one quarter of 2020 compared to the same quarter in 2019 or annually). Provide one of the following document types: 
    • Relevant tax forms including annual tax forms
    • Quarterly Financial Statements
    • Bank Statements
  • Complete Payroll Expense Calculation Worksheets.
  • Proof of Payroll Costs.
  • Borrower's signed organizational document detailing loan signing authority.
  • Unexpired, Government-issued Driver's License or Passport for all Owners over 20% (front and back).
  • Evidence of SBA EIDL Loan (Draw 1 EIDL refi only), if loan was made between 1/31/2020 and 4/3/2020.

Round 2 is available for customers who received PPP loans in the previous round, as well as businesses that did not apply in the previous round.

This bill includes:
  • Additional covered expense categories to include covered operations expenditures, covered property damage costs, covered supplier costs, and covered worker protection expenditures.
  • We expect that eligibility for the new round of PPP funding will be limited to those businesses that have experienced a 25% or greater revenue decline in any quarter over quarter comparison to the previous year as a result of the pandemic.
  • Repeal of the rule requiring the SBA to deduct any EIDL advance amount from PPP loan forgiveness.
  • Flexibility in the covered period from 8 to 24 weeks after origination.
  • A streamlined forgiveness process for loans less than $150,000.


Home Relief Grant

Starting November 2, 2020, the state of Ohio, working with local Community Action Agencies, will help eligible Ohioans who are behind on rent, mortgage, and water and/or sewer utility bills catch up on past payments back to April 1, 2020 and provide additional assistance through December 30, 2020.

Ohioans will be able to apply for assistance through their local Community Action Agency starting November 2, 2020. A list of local Community Action Agencies can be found at the bottom of this section.

Ohio households with an annual income at or below 200% of the federal poverty guidelines will be eligible for assistance. Here is the annual income by household size.

Size of Household Total Household Income (12 Months)
1 up to $25,520
2 up to $34,480
3 up to $43,440
4 up to $52,400
5 up to $61,360
6 up to $70,320
7 up to $79,280
8 up to $88,240
For households with more than eight (8) members, add $8,960 for each additional member.

When applying for assistance, Ohioans will need to provide the following information:
  • Names of all household members
  • Date of Birth
  • Social Security Number
  • Current or Previous address
  • Copies of Social Security cards, or verification for each household member
  • Proof of income for all household members 18 years or older for a minimum of the past 30 days
  • For seasonal or self-employed individuals, please provide proof of income for 12 months
  • Any supporting documentation to demonstrate need
  • Hardship due to the COVID-19 pandemic

Individuals that are currently unemployed will only need to provide 30 days of income for verification purposes. Additionally, any federal unemployment stipend is excluded from determining a household’s benefit.

To receive Rental Assistance, they will also need to provide:
  • Eviction or past due rent notice. Notice should include total amount due (including fees)
  • If moving to a new location, justification for the move (i.e. currently homeless, living with another family and not sufficient space etc.)
  • Landlord contact information and lease agreement

To receive Mortgage Assistance, they will also need to provide:
  • Notice of late mortgage payment (including taxes and insurance)

To receive Utility Assistance, they will also need to provide:
  • Copy of utility bill demonstrating the account has been shut off, is in disconnect status or is past due

Ohio's Community Action Agencies
Ohio’s Community Action Agencies work with the Ohio Development Services Agency to provide assistance to Ohioans in need. You will be able to apply for mortgage, rent, water and/or sewer bill assistance. The Community Action Agency may also have programs that can help pay your gas and electric bills. You will need to apply at the Community Action Agency that serves your county.

To find your local Community Action Agency, visit:


Paycheck Protection Program Loan

PLEASE NOTE: At this time, the Paycheck Protection Loan is not open for new applications.

  • Loan is 100% SBA Guaranteed 7(a)
  • Minimum required loan amount of $5,000
  • Applies to businesses and certain non-profits with fewer than 500 employees
  • Interest rate of 1.00%
  • A portion of the loan may be forgiven if criteria is met
  • 5 year term for portion not forgiven
Click here to view more program information on SBA's website.

How can the benefits be used?
  • Payroll costs, interest on mortgage payments, and utilities
  • Costs related to insurance premiums and continuing group healthcare benefits during periods of paid sick, medical, or family leave
  • Other limited business purposes

Who is eligible?
  • All businesses, including non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors, with 500 or fewer employees, or no greater than the number of employees set by the SBA as the size standard for certain industries

Terms & Conditions
  • Maximum loan amount up to $10 million
    • Loan forgiveness if proceeds used for payroll costs and other designated business operating expenses in the 8 weeks following the date of loan origination (due to likely high subscription, it is anticipated that not more than 40% of the forgiven amount may be for non-payroll costs)
  • All loans under this program will have the following identical features:
    • Interest rate of 1.00% 
    • First payment deferred for six months
    • 100% guarantee by SBA
    • No collateral
    • No personal guarantees
    • No borrower or lender fees payable to SBA

Economic Injury Disaster Loan (EIDL) Program

The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters. Loans to cover repairs and replacement of physical assets damaged in a declared disaster. Loans to cover small business operating expenses after a declared disaster.

  • Low-Interest loans of up to $2 million are now available for small businesses and private non-profits
  • Loans may be used to pay fixed debts, payroll, accounts payable and other bills and have repayment options of up to 30 years
  • Interest rates are 3.75% for small businesses and 2.75% for private non-profits
  • Changes to the direct SBA disaster funding will be coming with the new legislation
  • Apply directly with SBA at
  • Changes to the direct SBA disaster funding will be coming with the new legislation

UBC Payment Deferrals
The Union Bank is offering payment deferrals on UBC Commercial Loans to those who have been impacted by the COVID-19 pandemic.
  • Up to a 90 day payment deferral on UBC Commercial Loans
  • $100 documentation fee (Not applicable for SBA Loans.)
  • Required info:
    • Most current business and personal taxes
    • Most current business financial statement (year-end and interim)
    • Updated personal financial statement
    • Completed UBC Payment Deferral questionnaire:
Click here to access the UBC Payment Deferral questionnaire.

*Additional support by way of payroll and interest payments for existing SBA 7(a) borrowers also pending with CARES

The Union Bank Co.

105 Progressive Drive
Columbus Grove, OH 45830
(800) 837-8111
Routing Number - 041213759