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Paycheck Protection Program

UPDATE:
SBA Paycheck Protection Program (PPP) Loans

MidWestOne Bank will continue to accept and process SBA PPP Loan applications while appropriated funds remain available. We are not able to make any promise nor commitment that a loan will be made to your business or that any pending application will be accepted and funded.

We anticipate that there will be high demand. In view of that anticipated demand, and in view of the qualification standards for the PPP, MidWestOne Bank makes no promise nor commitment that a loan will be made to your business or that your application will be submitted to the SBA before additional PPP funds are depleted. MidWestOne Bank will process applications consistent with criteria established by the SBA and MidWestOne Bank, which may change at any time, without notice. If you are not a current borrower of MidWestOne Bank, it may be most efficient for you to apply for a PPP loan through your existing lender.

 

Page last updated: 4/27/2020