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PPP Update: January 12, 2021
Thank you for choosing FSB to process your Paycheck Protection Program loan. We appreciate the confidence you have put in us. The NEW APPLICATIONS and INSTRUCTIONS are LOCATED BELOW.
*1st DRAW LOANS (Application for 1st TIME PPP borrowers under the new rules): 1-page guidelines: Click Here
1st Draw APPLICATION AND INSTRUCTIONS: Click Here
*2nd DRAW LOANS (Those applying for a PPP loan for the 2nd TIME): 1-page guidelines: Click Here
2nd Draw APPLICATION and INSTRUCTIONS: Click Here
As always, please don't hesitate to give us a call if you should have questions as you move through the process. Applications and information can also be found on the following websites:
*1st ROUND FORGIVENESS APLICATION AND INSTRUCTIONS (for PPP borrowers that have yet to apply for forgiveness on 1st Round Loans)
LOANS UNDER $50,000
Please print and fill out this application. Click Here
$50,000 and under PPP Loans instructions. Click Here
LOANS OVER $50,000
Please print and fill out this application. Click Here
Over $50,000 PPP Loan instructions. Click Here
Form 3508EZ applies to borrowers who meet any one of these three criteria:
- Applied for the PPP loan as self-employed, an independent contractor or a sole proprietor with no employees.
- Did not reduce salary or wages for any employee by more than 25%, and did not reduce the number or hours of their employees (excepting laid-off employees who refused an offer to return).
- Did not reduce salary or wages for any employee by more than 25% during the covered period and experienced reductions in business activity as a result of health directives related to COVID-19.
***Small Business Application and Disaster Relief Information***
Please pay particular attention to the Treasury.gov, the SBA.gov and Iowa Economic Development Websites!!
U.S. Department of Treasury, Assistance for Small Businessess: Click Here
SBA (Small Business Adminstration) asssistance: Click Here
COVID- 19 Iowa Business Recovery asssistance: Click Here
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