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Updated 5/24/21


Loans To Small Businesses

$22 million

In Loans


Jobs Retained

Since the start of the Paycheck Protection Program, State Nebraska Bank & Trust has helped small businesses in our community remain viable during these uncertain times.  We are here to help our community get through this together.  As an existing SBA Certified Lender, we can you assist your business with PPP Loan questions.  Call us at (402) 375-1130 to speak to one of our loan officers.




The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 provides additional relief to small businesses, who can again apply for loans under the reopened Paycheck Protection Program.  There are two types of loans: First Draw PPP and Second Draw PPP.  Click below for an overview of each loan and application to begin the process for seeking COVID-19 relief.  

As of May 4, 2021, the SBA has stopped accepting applications as PPP funds have been depleted. 


The Paycheck Protection Program provides small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.  Established by the CARES Act in March 2020, the program is administered by the Small Business Administration (SBA) with support from the Department of the Treasury.  The SBA stopped accepting new loan applications on May 4, 2021, due to a depletion of funds.  Loan Forgiveness applications are being accepted for loans issued in 2020.  See below for details.



SBA CERTIFIED LENDERlatest-news-decoration

State Nebraska Bank & Trust is an existing SBA Certified Lender and can assist you with these PPP Loans and Forgiveness.  As guidance continues to evolve from the SBA, we will do our best to help you through the process.  Know that we are committed to you and our community during these challenging times.  Please call us with your questions at (402) 375-1130.  

Note, all loan terms are the same for everyone under this new SBA program.  We encourage you to contact your accounting and/or legal professionals for implications to your business.



Loan Forgiveness applications are now being processed by the SBA. The SBA released three versions of the PPP Loan Forgiveness Application:

PPP Loan Forgiveness Application - Less than $50,000

For loans of $50,000 or less, click here for the application. See the SBA’s guidance on this form.

PPP Loan Forgiveness App - EZ Form

Available to borrowers who:

  • Are self-employed and have no employees, OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees, OR
  • Experienced reductions in business activity because of health directives related to COVID-19 and did not reduce the salaries or wages of their employees by more than 25%.

Click here for the EZ application.

PPP Loan Forgiveness Application - Regular

For all other borrowers who are ineligible for the other two forms, click here for the regular application.


Allowing forgiveness for expenses beyond the 8-week covered period, up to 24 weeks.

The covered period used for forgiveness calculations may be extended at the option of the PPP borrower, up to 24 weeks.

Eliminating restrictions limiting non-payroll expenses to 25% of loan proceeds.

The prior regulatory requirement to spend at least 75% of forgiven funds on compensation is reduced to 60%. More of your PPP funds can now be spent on facilities costs and still be forgiven.

Extending the safe harbor date for forgiveness modifiers by 6 months.

For the two forgiveness modifiers, FTE reductions and wage cuts, the PPPFA extended the safe harbor dates to avoid a potential reduction in forgiveness from June 30, 2020, to December 31, 2020.

Changing the payment deferral date to start when the bank receives the funds instead of the loan funding date.

The payment deferral period was previously defined as six months from the original PPP loan funding date and this date is included in your Promissory Note. PPPFA modifies the payment deferral period to match the date when the bank receives SBA funds for the forgiven portion of your loan. We will follow up as to how the bank will implement this change in the law. Please recall that accrued interest on the forgiven PPP balance is also forgiven.

Ensuring full access to payroll tax deferment for businesses that take PPP loans.

The PPPFA removes a prior restriction preventing PPP participants with forgiven loans from participating in other Federal programs allowing deferral of payroll taxes.

Providing a rehiring safe harbor for businesses unable to rehire employees.

PPPFA expanded prior guidance about FTE reductions when employees refuse to return to work and the employer is unable to rehire similarly qualified employees. The Act also added a safe harbor for companies prevented from returning to prior levels of business activity by COVID-19 related requirements or guidance issued by certain federal agencies. 




Approved to offer SBA loan products under SBA’s Certified Lender program.

Contact our team of Loan Officers to get started today.

Ron Gentrup

Ron Gentrup

Executive Vice President & Chief Lending Officer

NMLS #776159

Mark Sorenson

Mark Sorenson

Vice President & Loan Officer

Jason Claussen

Jason Claussen

Vice President & Loan Officer

NMLS #780212

Ashley Rewinkel

Ashley Rewinkel

Branch Manager & Personal Banker

NMLS #1994888