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Paycheck protection program

The Paycheck Protection Program (PPP) is back! We are currently accepting loan applications for small businesses, self-employment and farmers.

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First-Time Borrowers

First-Time Borrowers Application

First-Time Borrowers Application with Schedule C

Farmers

Eligibility guidelines have changed and now allow more farmers to qualify for a PPP Loan. Eligibility will be based on your 2019 or 2020 Schedule F gross income, up to a maximum of $100,000.

Do you have employees? Your loan maximum amounts may be different. Call an ISSB Ag Lender to learn more about your eligibility at 641-782-1000.

Small Businesses

PPP loans provide additional funds to small businesses that have been impacted financially by COVID-19. Small businesses that have fewer than 500 employees may be eligible to receive a loan through the Paycheck Protection Program.


Second-Time Borrowers

Second-Time Borrower Application

Second-Time Borrower Application with Schedule C

Small businesses and farmers may be eligible for a second PPP loan. To qualify, you must have used your original loan on authorized expenses, have less than 300 employees and can show at least a 25% reduction in income between comparable quarters in 2019 and 2020.


PPP Loan Forgiveness

Borrowers may be eligible for loan forgiveness if you meet the terms set by the SBA. Talk to one of our lenders to discuss loan forgiveness opportunities. Call 641-782-1000 or send them a message here.

You may also visit the Small Business Administration website to learn more about the Paycheck Protection Program. 


How to Apply

Applications will be accepted through May 31, 2021 or until funds are exhausted. Complete an application below or call 641-782-1000 and our experienced lenders will help determine if you are eligible for a PPP loan

First-Time Borrower Application

First-Time Borrowers Application with Schedule C

Second-Time Borrower Application

Second-Time Borrower Application with Schedule C

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