SBA PAYCHECK PROTECTION PROGRAM
PPP LOANS

The SBA PPP Loan is a loan designed to provide a direct incentive for small business to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

The following entities affected by Coronavirus (CONVID-19) may be eligible:

  • Any small business concern that meets SBA's standards

  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec.31(b)(2)(C) of the Small Business Act)

  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location

  • Sole Proprietors, independent contractors, and self-employed persons.

 

 

LOAN DETAILS AND FORGIVENESS

PPP Forgiveness Application 3508S Form (Loans $50,000 and under)

PPP Forgiveness Application 3508S Form Instructions (Loans $50,000 and under)

PPP Forgiveness Application 3508 EZ Form

PPP Forgiveness Application 3508 EZ Form Instructions

PPP Forgiveness Application  3508 (revised 6.16.20)

PPP Forgiveness Application 3508 Instructions

WE'VE GOT IDEAS & EXPERIENCE THAT WILL HELP YOU!
YOUR QUICK RESPONSE TEAM.
WITH YOU FROM START TO GROW.

Executive Vice President,
Business Banking

NMLS #919381

Senior Vice President,
Business Banking

NMLS #1529383

CONTACT

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BRANCHES
SHAKOPEE

1305 Vierling Drive East
Shakopee, MN 55379

 

952-403-6400
EAGAN

1595 Thomas Center Drive
Eagan, MN 55122

 

651-332-7600
KARLSTAD

201 Main Street/PO Box 219
Karlstad, MN 56732

 

218-436-2151
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In accordance with the Secure and Fair Enforcement of the Mortgage Licensing Act of 2008, the names and corresponding unique identifying numbers of the bank’s mortgage loan officers are available upon request. Please contact Jay Larsen at (952) 403-6410 or by mail to Prime Security Bank, 1305 Vierling Drive, Shakopee, MN  55379 or by email to jlarsen@primesecurity.com.

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