Commercial Loans

PPP


Call your local Frandsen Bank to learn more and to begin the PPP process today!

Bank Phone Numbers

If your bank struggled with the PPP process last year, give Frandsen Bank & Trust a call.
 

​PPP Funding Experts

Accepting applications beginning Tuesday, January 19.

The business bankers at Frandsen Bank know how to help small businesses and we understand the PPP process.

Last spring, we helped over 2,000 small businesses secure over $220 million in PPP funding. We want to help your small business today. Call a Frandsen Bank & Trust near you. 

FB&T PPP Loans in 2020
Total number: 2,050
Total dollar amount funded: $223,100,000

Second Draw Borrower Application – to be used for a second PPP loan if borrower had received an initial PPP loan and had a 25% reduction in revenues for a calendar quarter 2020 vs. 2019.

How to Calculate the 25% Revenue Reduction and Maximum Loan Amounts for Second Draw PPP Loans

Interim Final Rule (IFR) – Rules on the Second Draw PPP loan

First Draw Borrower Application – to be used by the borrower if they did not previously receive a PPP loan.

PPP Forgiveness Applications

3508 – Application includes instructions

3508EZ – Application includes instructions

3508S – Application includes instructions

3508D -  Disclosure of Certain Controlling Interests