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Paycheck Protection Program (PPP)

Direct Forgiveness
The SBA has streamlined the process for requesting forgiveness for borrowers who have loans under $150,000 by creating a direct forgiveness portal that is run and supported by SBA staff. Most submissions can be completed in less than 10 minutes. If you would rather work with Yellowstone Bank directly, we are more than happy to help, just contact your loan officer directly.


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

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.




New Business Account

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Commercial Loans


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