Paycheck Protection Program

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SBA- Paycheck Protection Program

On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) (Pub. L. 116-260) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic.  The legislation included two additional forms of the Paycheck Protection Program funding known as 1st Draw and 2nd Draw.   For additional information and application forms please see below:

 

1st Draw: This program applies to applicants who have not previously received a SBA PPP loan.

            Program Information: (Click Here)

            Application: (Click Here)

 

2nd Draw: This program applies to applicants who have previously received a SBA PPP loan.

            Program Information: (Click Here)

            Application: (Click Here)

 

Once you have reviewed the information and feel you are eligible, please contact a loan officer to apply.   As always, we are here to help, please call if you have any questions.

Prinsburg office: 320-978-6351

Champlin office: 763-712-3770