CARES Act - How Can First United Help Your Business?

As a business owner, you may have concerns around your financial well-being during this difficult time. First United is committed to partnering with the Coronavirus Aid, Relief, and Economic Security (CARES) Act to support you through this crisis.

Our teams at First United have been responding to COVID-19 with a strong sense of urgency and excellence. We know that as a financial service provider, what we do matters, especially in times of hardship. We have had to shift the way we operate and serve our stakeholders. And while we know we are all ready for things to return to “normal”, how we are handling our customers during this time is effective and efficient. We are here to help you!

  • Community Bank Services - Please come see us in the Drive Thru. We're making every effort to accommodate your banking needs.
  • Drive-thru Services Extended - We've recently made changes to our drive-thru hours to accommodate you. Many of our Lobby Services have been extended to our drive-thru.
  • ATM Services - We have temporarily increased ATM Withdrawal limits for First United Bank customers. (Existing Accounts Only. Account must be opened over 30 days. Limit increase will be in effect for 30 days, expiring Saturday, April 18, 2020. MEMBER FDIC.)
  • Customer Service – We have a number of ways to continue serving you. You can reach us by phone at (800) 924-4427, you can chat with us online, you can contact your local branch, or utilize our online and mobile banking services.

Here are some additional ways that First United can help you:

Loan Deferral Program

We are ready to partner with you to evaluate your options for temporary relief. Right now, First United is offering a 90 Day Loan Deferral Program for auto loans, business loans, business equipment, etc. (Not all loans will qualify. Certain terms and conditions may apply.) Our hope is that this offer will give your budget some breathing room during these stressful times.

To take advantage of this time sensitive offer, visit our website at to learn more information or download a certificate and return it to First United Bank by dropping off at a local community bank through the drive-thru or mailing to First United Bank, Attention: Loan Operations 1400 W. Main, Durant, Oklahoma 74701. A $50 processing fee will be required. Interest will continue to accrue on your loan, and your final payments will be extended. 

Not sure if your loan qualifies? As always, your local bankers are here for trusted advice and guidance as you navigate these next few months. Let us know how we can help.

Paycheck Protection Program

Congress recently passed the Paycheck Protection Program administered by the Small Business Administration (SBA), and First United is proud to be a certified lender for this Paycheck Protection Program.

The main goal of the program is to help small businesses cover their near-term operating expenses during the worst of the crisis and to provide a strong incentive for employers to retain their employees. Our goal is to help as many businesses as we can. The loan proceeds from this program can be used for Paychecks, healthcare, rent, mortgage, utilities, and interest on debt.

Eligible borrowers include the following:

  • Small business as defined by the SBA size standards (typically 500 employees or less).
  • Non-profits with fewer than 500 employees who are 501(c)3s, including Churches.
  • Sole proprietors, self-employed, and independent contractors.

The Paycheck Protection Program provides loans for 2 ½ months of paycheck costs with a 100% government guarantee. The regulatory process is designed to be user-friendly and loan forgiveness is available based on meeting specific criteria including:

  • Loan amount cannot exceed $10 million.
  • Paycheck costs exclude compensation paid to individuals, including the self-employed, above $100,000 a year.
  • Employers must certify that they will maintain their average full-time equivalent employment, and incentives exist to re-hire employees if they have been furloughed.
  • Borrowers will have a portion of their loan forgiven in the amount equal to their Paycheck costs (excluding costs for compensation to those earning more than $100,000 annually), interest payments on mortgages, and rent and utility payments between February 15 and June 30, 2020.
  • Loan forgiveness will be reduced if the borrower reduces employment (by a ratio similar to their reduction in employment) or if the borrower reduces salaries and wages by more than 25%.

To fill out our online application for the Paycheck Protection Program, please visit

We also encourage you to check out the trusted sources below to learn more about the relief programs being offered for small businesses at this time:

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