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Pandemic Relief Program

Idaho Trust Bank would like to thank you for your interest in a Paycheck Protection Program (PPP) Loan established by the recently adopted federal CARES Act.  We are proud to be part of this important national effort to assist American businesses as part of Idaho Trust Bank’s Pandemic Relief Program. 

Eligible businesses and individuals will obtain a PPP loan directly from Idaho Trust Bank.  We would like the opportunity to assist you in obtaining your PPP loan.  However, please be aware that due to limited available funds from the SBA and the large demand for assistance, Idaho Trust Bank will be giving a preference to our existing clients. 

 

LOAN INFORMATION AND APPLICATION

The U.S. Treasury and SBA have begun to issue information and forms for use to obtain a PPL loan.  These are subject to change.  Go to the locations below for up-to-date information and forms.

A.        Information

The SBA provides current guidance on who will be eligible, how to determine your loan amount, potential forgiveness, loan terms and other important information.  For information from the SBA about a PPP loan, please go to:

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp#section-header-5

B.        Application

            You may also get the most current “Paycheck Protection Program Application.”  The application is available at:

https://www.sba.gov/document/sba-form--paycheck-protection-program-borrower-application-form

 

WHEN TO SUBMIT YOUR APPLICATION

Starting April 3, 2020, small businesses and sole proprietorships can apply for a PPP loan. Starting April 10, 2020, independent contractors and self-employed individuals can apply.  The Paycheck Protection Program will be available through June 30, 2020.

Send your application to your Banker at Idaho Trust Bank or to [email protected].

We look forward to working with you.

Idaho Trust Bank