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Yellowstone Bank
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Paycheck Protection Program (PPP)

PPP Loan Forgiveness Resources
Application for forgiveness for most loans under $150,000

Application for forgiveness for most loans over $150,000
SBA Form 3508EZ PPP Loan Forgiveness Application

The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis through potentially two draws, which could qualify for full loan forgiveness. First Draw and Second Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

Forgiveness - In order to qualify for full loan forgiveness for First and Second Draw PPP Loans made to eligible borrowers during the 8 to 24 week covered period following loan disbursement:
  • Employee and compensation levels are maintained
  • The loan proceeds are spent on payroll costs and other eligible expenses; and
  • At least 60 percent of the proceeds are spent on payroll costs
For an expanded overview of forgiveness eligibility, please click here or contact your loan officer.

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Commercial Loans

Need a loan to start or maintain your business? Our lending team has you covered.