IMPORTANT ALERT: On March 30, 2021, The President Signed the PPP Extension Act.
PPP loan applications must be submitted to the bank,
including all required supporting documentation, by May 15, 2021.
Please reach out to your local banker for instructions on starting your application.
Our Online PPP Forgiveness Portal is now open to accept
Forgiveness Applications for Round One PPP Loans.
PPP First Draw Loans
PPP Second Draw Loans
Latest Updates on the Paycheck Protection Program
PPP Loan Application Deadline Extended to May 31, 2021
March 30, 2021 - The President signed the PPP Extension Act, which extended the deadline for businesses to submit First Draw or Second Draw PPP Loans to the SBA from March 31, 2021 to May 31, 2021. The legislation also gives the SBA until June 30, 2021 to review and process these PPP applications.
SBA Released Revisions for Schedule C Filers and Eligibility Rules
March 3, 2021 - The SBA released additional revisions to the PPP loan program which allows individuals who file an IRS Form 1040, Schedule C to calculate their maximum loan amount using gross income, removes the eligibility restriction that prevents businesses with owners who have non-financial fraud felony convictions in the last year from obtaining PPP loans, and removes the eligibility restriction that prevents businesses with owners who are delinquent or in default on their Federal student loans from obtaining PPP loans.
Resources for the Wisconsin Bank & Trust PPP Loan Portal
Portal First Time Log In
Forgotten Portal Password
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Additional Resources for our Paycheck Protection Program customers
PPP Loan Forgiveness
Wisconsin Bank & Trust customers can now register and apply for PPP Loan Forgiveness. Click for our PPP Forgiveness Resource Center
Strength in Uncertain Times
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2021 Economic Outlook Webinar
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Fraudsters may take advantage during times of vulnerability, which means extra care needs to be taken. Find insights to staying one step ahead.Click to learn more
To view the full FAQ sheet provided by the SBA, in consultation with the Department of the Treasury, click here.
More information can be found on the U.S. Chamber of Commerce Coronavirus Resources site with a Small Business Guide and Checklist.
IMPORTANT NOTICE: These FAQs are based on the provisions of the CARES Act as implemented and interpreted by the U.S. Small Business Administration (“SBA”) and the U.S. Treasury Department (“U.S. Treasury”) through interim and final regulations, FAQs, and regulatory guidance and interpretations. The SBA and U.S. Treasury continue to issue new regulations, FAQs and guidance that in some cases changes or conflicts with prior guidance. The eligibility of a PPP loan for forgiveness and the amount and timing of any forgiveness will be subject to and dependent on approval pursuant to the regulations, FAQs and guidance in effect at the time a request for forgiveness is processed and as a result, we cannot provide you any assurances regarding forgiveness of your loan until such approval is received and any review or audit by the SBA completed. The information provided herein is not intended to constitute legal advice.
AGENT FEE ACKNOWLEDGEMENT: At the time you submitted your PPP loan application with us, each borrower certified as follows:
You acknowledge that the bank provided the forms and necessary information to complete your Paycheck Protection Program Application. By filing an application with us, you further certify that no agent (attorney, accountant, consultant, etc.) was utilized in the completion of your application. You further acknowledge and agree that we will not process any application or close any loans if an agent seeking payment for services has been utilized and that you will inform any persons you have consulted with regarding your application of this requirement.
IMPORTANT NOTE WHEN CLICKING THROUGH TO EXTERNAL WEBSITES: When clicking on links within the video, you will be linking to another website not owned or operated by Wisconsin Bank & Trust. Wisconsin Bank & Trust is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. We encourage you to review their privacy and security policies which may differ from Wisconsin Bank & Trust. Click to go back to video.