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COVID 19 Update (Corona Virus)
Farmers Savings Bank is at work assessing the challenges ahead with the COVID-19 Pandemic. We understand that just like each and every one of our banking relationships are unique; so are the concerns and needs of each one of those banking relationships. Everyone is doing their part to prevent the spread of the coronavirus. We encourage everyone to utilize the banking technology FSB offers such as online, mobile, ATM, Business Banking and drive-thru services. FSB customers can be assured they will have access to their money.
*Attention- Paycheck Protection Program Borrowers: SBA is now accepting loan forgiveness applications.
Please CLICK HERE to read a FSB summary of loan forgiveness instructions as well as tips and pointers.
Please read instructions thoroughly.
Click below for instructions and application forms:
3508 Loan Forgiveness Application and 3508 Loan Forgiveness Instructions
3508EZ Loan Forgiveness Application and 3508EZ Loan Forgiveness Instructions
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 (CARES / Paycheck Protection Program) and Iowa Economic Development Websites!! The SBA Site has a $10,000 Advance fund available as well. See SBA.gov below.
Small Business Information
U.S. Department of Treasury, Assistance for Small Businessess: US Departmentof Treasury
Iowa Lakes Corridor Resources: Lakes Corridor
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