How to Apply for the SBA Paycheck Protection Program

Farmers & Merchants State Bank is an eligible lender of Small Business Association (SBA) loans, and we are ready to help you apply for the Paycheck Protection Program.

What is the Paycheck Protection Program (PPP) from the SBA?

The Paycheck Protection Program helps Employers and Independent Contractors or Self-Employed Individuals cover their payroll and other expenses, and incentivizes them to do so by forgiving the loan if all qualifications for keeping staff on payroll are met.

Who can apply through Farmers & Merchants State Bank?

Current customers of Farmers & Merchants State Bank who own a business, pay employees, or are self-employed are eligible to apply.

Dates to know for 2020:

  • April 3rd is when applications can start to be processed for small businesses and sole proprietorships.
  • April 10th is when applications can start to be processed for independent contractors and self-employed individuals
  • June 30th is the last date applications will be accepted by the SBA.
  • Please know that there is a cap on funding available—please apply early for the best chance of being granted the PPP loan!

How to apply:

To apply for a Paycheck Protection Program loan, please make an appointment with Farmers & Merchants State Bank by calling your nearest location, and plan to bring the following information with you when you meet with us:

  • Payroll Information for the previous 12 months or from calendar year 2019
    • IRS Quarterly 940, 941 or 944 payroll tax reports
    • Form UIA 1028 Employers quarterly Wage/Tax Reports
    • Payroll report or documentation, with individual employee detail, showing gross wages, paid time off, vacation pay, family medical leave pay, and state and local payroll taxes for the previous 12 months or calendar year 2019.
    • 1099s for independent contractors for 2019
  • Documentation of all health insurance premiums paid by the employer in the last 12 months or for calendar year 2019, excluding any portion paid by the employee.
  • Documentation showing all retirement plan contributions made by the employer in the last 12 months or for calendar year 2019, excluding funds contributed by the employee.
  • The NAICS code of your business if known.
  • Paycheck Protection Program Borrower Application Form (SBA Form 2483)

If you are not an existing Farmers & Merchants customer, please also provide the following additional information:

  • Articles of Incorporation or Articles of Organization filed with the Secretary of State
  • Federal Tax ID no. for your business
  • The fully-executed Operating Agreement or Bylaws of your business, that state who the owners of the business are and who has the authority to sign legal documents.
  • A current driver’s license for each person who owns 20 percent or more of the business


Link to the PPP Borrower Form:

Find all PPP details here on the SBA website:

Questions? Please contact us to learn more—we’re looking forward to helping you apply.