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Client and employee safety is a priority. Click Here for bank office accessibility and safety measures related to COVID-19.
Our Cedar Rapids and Norway Offices are currently closed due to a power outage caused by the storm on Monday.
Please look for status updates on our website and the BankIowa Facebook page.
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We are encouraging all our small business borrowers who are impacted by COVID-19 to consider applying for a loan under this new program. BankIowa is a participating SBA Lender. We are here to help. If you are seeking to apply for funds under the PPP, please indicate your interest by emailing BusinessBankingExpert@BankIowa.com.
If you have any questions or concerns about the process, please call (800) 433-0285 and ask to speak to a Business Banker.
Please note: Updates are continuously being received regarding the government program. We will continue to keep you informed by providing links and resources on our website.
For answers to these questions and more: Coronavirus Emergency Loans Small Business Guide and Checklist
Read all about it here: Paycheck Protection Program Info Sheet
Sole Proprietors, Independent Contractors, and Self-Employed Individuals— The Application process is fluid for this category of applicants. BankIowa will continue to update information on this page as more guidance is received from the SBA. At this time, BankIowa will require IRS Form 1099 for freelance or contract work, IRS Form 1040 Schedule C or Schedule F for 2019, along with your completed application form.
All LLC's, corporations, and other organizations, please utilize this checklist: PPP Document Checklist
Download BankIowa's CARES Act Loan Calculator
(Tool available for informational purposes only. Please consult your CPA or tax advisor.)
Applications will be processed in the order that all required documents are received. We will process our existing customers’ applications before those from noncustomers. It is possible that funds will be depleted before all applications are processed so we encourage noncustomers to talk to multiple banks to decide where to apply.
Please fill out the application here: PPP Application Form
(This is the application that was used for the first phase. A new application may be required if the programs restart.)
Additional guidance can be found on the SBA website
Continue to check the BankIowa website as new information may become available
BusinessBankingExpert@BankIowa.com or call (800)433-0285 and ask for a Business Banker, who will follow up by providing a secure portal to submit your application and other confidential documents.
OR—simply drop off your application and required documents at any BankIowa Drive Up.
Connect With Us
Toll Free 800-433-0285
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