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PPP Loan Forgivenss Webinar

The SBA and the Department of Treasury released a revised, borrower friendly Paycheck Protection Program Loan Forgiveness Application a few weeks ago. In addition to the full forgiveness application, the SBA also released a new EZ version of the application that applies to borrowers that: 

• Are self-employed and have no employees;


• Did not reduce salaries or wages of their employees by more than 25%, and did not reduce the number of hours of their employees; OR

• Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce salaries or wages of their employees by more than 25%

The EZ application requires fewer calculations and less documentation for eligible borrowers as detailed in the instructions for the EZ Application.

Both the EZ Application and the Full Application give borrowers the option of using the original 8-week covered period (if the loan was made before June 5th, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.

Although the forgiveness portion of the PPP program may change, we are not anticipating any meaningful changes prior to the election on November 3rd. With this said, we encourage you to start assembling your information to document to how your PPP loan proceeds were used and submit your PPP Forgiveness Application and purporting information to First Westroads Bank. Documentation will include payroll records, cancelled checks, and bank statements. With the changes to the PPP program, at least 60% of the loan proceeds have to be used for payroll. Up to 40% of the loan proceeds can be used for eligible non-payroll expenses including rent payments, utilities, and interest of business loans for mortgages or real property.

We will be hosting a Webinar on the PPP Forgiveness Process on Thursday October 8th, 2020 at 10:00 AM. If you would like to be a part of this webinar please contact Amy Hansen at AHansen@FirstWestroads.Bank to register.

A copy of the loan forgiveness applications and instructions are available below.

*For use for loans $50,000 or less*

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COVID-19 Assistance

So far, we’ve secured 220 loans and more than $41 million worth of financial aid for our small business customers through SBA loans. These loans have positively impacted more than 4,200 jobs in our community.

For more than 50 years, we've been supporting small businesses during prosperous times and hard times. We can help you learn about your options to aid your small business during the Coronavirus pandemic. Contact us to check on your loan eligibility today. 

We've created a webinar to help you better understand the Coronavirus Aid Package (CARES Act). In it, we discuss the most current information on eligibility, loans vs. direct relief for businesses and individuals, how to apply and how long it will take to receive the funds. You can watch the webinar here.

Coronavirus Funding Options


First Westroads Bank is here to help you during these difficult times. Below are links to information on the SBA Paycheck Protection Program and the existing loan programs offered by the SBA, including COVID-19 Economic Injury Disaster Loans.

Economic Injury Disaster Loans

The SBA is continuing to offer COVID-19 Economic Injury Disaster Loans, outside of the Paycheck Protection Program.


Paycheck Protection Program

Business loans available to assist business with payroll.



SBA Express Bridge Loans

Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.


Paycheck Protection Program

Complete the PPP Borrower Application Form (SBA 2483). Please be sure to save a signed electronic copy as it will be needed in the submission process.

Step one


Connect with a member of our lending team to begin the submission process.

Step two



Economic Injury Disaster Loans

The SBA is continuing to offer COVID-19 Economic Injury Disaster Loans, outside of the Paycheck Protection Program. The SBA is taking direct applications through their website for these loans. Click on the arrow to the right for information on their program.


SBA Express Bridge Loans

This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis for disaster-related purposes to eligible small businesses, while the small businesses apply for and await long-term financing.

Maximum loan amount

SBA guarantee %

Maximum maturity


Program expiration date

September 30, 2020

7 years


Chris J. Murphy

Chairman & CEO

Mark E. Ellerbeck



We're here to help!



Carl Bartholomew

Vice President

+1 (402) 676-9686

Brandon Urban

Vice President

+1 (402) 669-0921

Vice President

Tim Riha

+1 (402) 669-7315

Mortgage Lender

James Llewellyn


+1 (402) 651-2024

Brent Frahm

VP, Residential Construction


+1 (402) 301-1559

Aaron Gilson

Treasury Management


+1 (402) 689-1567

FAQ on Federal Coronavirus Relief Bill (CARES Act)


Congress’s latest coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest economic relief bill in U.S. history and will allocate $2.2 trillion in support to individuals and businesses affected by the pandemic and economic downturn. Many people have questions about how the new law impacts their families and businesses.

*Source: The Tax Foundation

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