Small Business Resources

Assistance for Iowa Small Businesses Affected by Coronavirus (COVID-19) with the Paycheck Protection Program.

At F&M Bank & Trust we want to offer you as much information as possible to help you and your business during this time.
The Small Business Association (SBA) has created a loan that helps businesses keep their workforce employed during the COVID-19 crisis. This loan is called the "Paycheck Protection Program".

The F&M Loan Team has created an online form called the "PAYCHECK PROTECTION PROGRAM BORROWER APPLICATION FORM" that can be found when you login to your Online Banking. Once you login to your Online Banking, you are looking for an ad that looks like the ad shown. Click on that ad and you will be directed to a secure form to complete.

If you have questions about completing this form, contact Sue Sorensen, Vice President / Commercial Loan Officer at or 319-754-2263.

Some additional information will be needed to process your "Paycheck Protection Program Borrower Application Form" for example:
  • Payroll processor records
  • Payroll tax filings
  • Form 1099-MISC
  • Income and expenses from a sole proprietorship
    For borrowers who can not provide any of these documents, you must provide other supporting documents to sufficient to demonstrate the qualifying payroll amount. 

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