SBA Paycheck Protection Program
Iowa State Bank is prepared to meet the financial needs of our customers during the challenging times ahead.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the COVID-19 pandemic and economic downturn. The SBA Paycheck Protection Program, provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. As a SBA Lender, we are offering the Paycheck Protection Program for our customers.
The SBA is now accepting PPP loan forgiveness applications. Please work directly with your Iowa State Bank lender to process your forgiveness application.
The SBA has now issued three application forms for PPP Loan Forgiveness:
Loan Forgiveness Application Form 3508S - For loans $50,000 or less
Loan Forgiveness Application Form 3508EZ
Loan Forgiveness Application Form 3508