May 2021 - PPP Applications Closed

We are No Longer Accepting Applications

Affinity Bank and Newton Federal Bank has proudly served our small business community by ensuring new and established clients were able to provide compensation to employees. 

Thousands of applications processedFrom the early days of the pandemic in 2020 through May of 2021, we are pleased with our ability to step it up and heed the call – especially when mega-institutional banks ignored small business needs. 

Be sure to contact your banker for exploring additional ways we can serve you. 



April 2021 - Resources for Bank Clients

SBA Officially Opening PPP - Accepting Applications

The SBA is officially opening the second draw PPP program  Wednesday, January 13th.  We began accepting applications from existing clients of the bank on Monday, January 11th.

We are no longer accepting ANY PPP applications from non-clientsIn order to qualify as a client, you have to have opened an account on or before 12/31/2020. 

If you would like to apply for a second draw loan, please send your information to  We cannot emphasize the importance of only sending a single email.


    • Second Draw for Filing Under Schedule C, using Gross Income (Use this form only if the applicant files an IRS Form 1040, Schedule C, and uses Gross Income to calculate PPP loan amount.) SBA Form 2483-SD-C (3/21) >>

    1.  Borrower Acknowledgement Form >>
    2. Competed PPP Funding Document – Request of Deposit of SBA Paycheck Protection Program Loan Proceeds Form >>
    3. Financials validating your “average monthly payroll” figure.  This will expedite your application process.  You can use either 2019 financials or 2020 financials.  Remember to “cap” each employee at $100,000.
    4. Financials proving a 25% reduction in total revenue.  This may be omitted if less than $150,000, but you will have to provide this information to be eligible for any forgiveness.

If you participated in PPP during 2020 using our Bank, you are an existing client.  Our process for this round of PPP loans will be very similar to what we have done in the past.

Each client will send a single email with all necessary documents attached.  If you want your application processed quickly, please refrain from using external links and password protected documents as that will slow your application down.

We also ask for your patience returning calls and emails.  There will be a delay as we work diligently to process applications.

Quick Links

Additional Information and Documentation

December 2020 - PPP Solutions

President Signs Stimulus Package

Hello Newton Federal Bank / Affinity Bank clients!
The new stimulus package has now been signed by the President. Expectations are the new PPP program will be available from the SBA in early January.
Once again, Newton Federal Bank / Affinity Bank is here to serve as many existing clients, and your needs for Round Two of PPP lending, as possible.
Borrowers from the first PPP will be able to borrow for this new second round, if they meet certain criteria, to be defined by the SBA, such as at least a 25% decrease in gross revenue in any of the previous four quarters vs the same quarter prior year, etc. The SBA will be releasing full guidelines and the new application soon. Additionally, the SBA will be releasing info on the new one page attest forgiveness application for round one borrowers, included within the new stimulus package, for loans under $150,000 in the next few weeks.
Our Bank will be accepting applications from our existing PPP clients as well as existing Newton Federal / Affinity Bank clients only.
You will receive details regarding the new application and process to submit for Round Two shortly after the release of the application and guidelines from the SBA. The process should appear similar to round one and you will need payroll information for 2020. The loan amount will be the average monthly payroll for 2020 times 2.5. Maximum loan amount is $2.0 million.

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Serving Our Clients since 2002. 

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Connect with a Client Services Representative to Open An Account and receive help with an application. Thank you for considering Affinity Bank. 

Affinity Bank protects depositors as a member of the FDIC. Effective September 15, 2023, the Bank converted from a federal savings association to a national bank, and as a result, the Company became a bank holding company instead of a savings and loan holding company. Affinity Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. Please contact us with any concerns or comments.   ©2023-2024 All Rights Reserved.