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PPP Update: May 4th, 2021
Thank you for choosing FSB to process your Paycheck Protection Program loan. We appreciate the confidence you have put in us. The latest forgiveness applications are listed below in Fillable PDF Format. Please submit the applicable form as soon as you have exhausted your PPP funds.
*UPDATED FORGIVENESS APPLICATIONS and Instructions for 1ST and 2ND DRAW Loans :
The same applications are used for 1ST and 2ND Draw Loan Forgiveness
LOAN FORGIVENESS UNDER $150,000- Form 3508S
Please fill and print out this application. Click Here
LOAN FORGIVENESS OVER $150,000- Form 3508EZ
Please fill and print out this application. 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.
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:
***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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