• COVID-19 Update 06/26/2020: our Smith Ave., Grand Ave., and North Oaks lobbies will be opening on Monday, June 29. The Randolph drive-up will reopen on Monday, July 6. We ask that you wear a mask when you visit our lobbies - thank you!
  • Visit our COVID-19 page for branch hours and additional resources.

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Paycheck Protection Program

Paycheck Protection Program

Loan Forgiveness

BankCherokee is no longer accepting PPP applications. Please reach out to your banker for other programs and loan options.

Please note: The PPP Flexibility Act was signed into law on Friday, June 5th. The PPP Flexibility Act modifies the Paycheck Protection Program (PPP) that was contained in the CARES Act in several significant ways and provides PPP borrowers with additional time and flexibility to achieve maximum forgiveness of their PPP loans.  BankCherokee plans to roll out a new online portal that will guide PPP borrowers through the forgiveness application process, allow supporting documents to be uploaded, and eliminate the need for a paper application. The online forgiveness application will be added to our website and become available to our PPP customers in the near future.

Documentation Requirements

Joint Statement from SBA & Treasury