Small Business Relief
First Bank of Wyoming is committed to supporting local businesses during these challenging times.
April 27, 2020: We are now accepting applications for PPP Loans. Please follow the instructions below for applying.
Submitting an application does not guarantee that you will receive funding.
Small Business Paycheck Protection Program
- Complete our application packet, which can be accessed by clicking the "Apply Now" button below.
- Gather all applicable documents for your business (listed in the application packet).
- Provide documentation of any funds received in the form of an Economic Injury Disaster Loan since January 31, 2020.
- Print and sign all documents, then submit your application and supporting documents to your local Branch Office. Prior to submitting, you may contact your local Commercial Lender or Branch Manager with any questions.
You may apply for loan forgiveness if at least 75% of funds are used for payroll costs, and no more than 25% of funds are used to pay interest on mortgages, rent, and utilities. Forgiveness is also based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. For more information about loan forgiveness, click here.
Record-Keeping for Forgiveness
Already submitted your loan application? That's okay!
Simply contact your local branch and let them know you'd like to open a new Business Checking Account in relation to your PPP loan. Your branch will provide further instructions.