COVID-19 Updates

 

To protect our customers, employees and communities from exposure to the coronavirus, Feliciana Bank & Trust Company will restrict access to all branch lobbies effective March 18, 2020. We will offer full-service banking at all drive thru windows from 9:00 a.m. until 5:30 p.m. Monday through Friday and 9:00 a.m. until noon on Saturday.

We welcome you to call our main office at 225-683-8565 during these hours to schedule an appointment to meet with a loan officer, open an account, enroll in any of our digital services and access safety deposit boxes. Our staff is onsite and will be available to work with you to handle any banking need.

We encourage customers to use electronic services such as Online Banking, Mobile Banking, Telephone Banking and Remote Capture Deposit as well as our ATM and drive thru.

Our management team meets daily and is communicating with our state banking agencies to evaluate the coronavirus and its effects. We will return to our normal business practice as soon as it is deemed safe. Updates will be available on our website: felicianabank.com.

Thank you for your patience and understanding as we strive to meet your needs while protecting everyone.

Jaye M. Bunch
President

SBA Paycheck Protection Program

  • Loans are available to small businesses that employ 500 employees or fewer, or if your business is in an industry that has an employee-based size standard through SBA that is higher than 500 employees. Loans are available to entities such as sole proprietors, independent contractors, gig economy workers, tribal businesses, 501(c)(3) non-profits, including religious organizations and self-employed individuals.Loans are available to small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profits.
  • Applicants need to show they have suffered working capital losses due to the coronavirus disaster.The SBA offers working capital loans for payroll, accounts payable, and other bills that could have been paid had the disaster not occurred; could be used to pay fixed debts.
  • The loans are designed to assist with payroll that could have been paid had the disaster not occurred.95% of the loans previously issued have been for $500,000 or less but can go up to $2 million. The SBA will determine the loan amount.
  • 95% of the loans previously issued have been for $500,000 or less but can go up to $2 million. The SBA will determine the loan amount. 
  • Required documents: the signed and initialed Paycheck Protection Program Application Form, the signed Payroll Protection Supplemental Form, Spreadsheet of Payroll Cost Calculation to assist the borrower in the calculation of the monthly payroll cost and Documentation showing any funds received from an SBA Economic Injury Loan since 1/31/20. Additional information needed will be Monthly payroll reports by employee from 1/1/19 through 12/31/19 including: Gross salary/wages, Vacation/PTO/Sick Leave and Family Medical Leave Pay, Forms 940, 941, or 944 for State and Local Taxes, Documentation for Retirement Contribution; Documentation for Health Insurance Premiums; and Separation or Dismissal Payments.
  • Send all required documentation to sba@felicianabank.com

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