Paycheck Protection Program

Begin the Application Process

A new round of the Paycheck Protection Program (PPP) has begun. Clients who participated in the first round are eligible for this second round of funding, as are those who did not participate. The Small Business Administration (SBA) has yet to determine the final program rules, but at a minimum, the PPP should be available to businesses with 300 or fewer employees, that saw a 25% or greater revenue drop in 2020 compared to 2019, and that have used the full amount of their first-draw PPP loan. To apply, you must go through a lender registered with the SBA. Fortunately, Amboy Bank is such a registered lender.

If you'd like to apply, get the process started by filling out the form below. One of our representatives will soon be in touch with next steps. At this point, you may want to begin gathering payroll and expense records. If you would like more information about this and other lending programs, please see our Coronavirus Lending Options.







Are You an Amboy Client:


If you are an existing client, select the branch at which you typically do business.


 
Loan amount is based on 2019 average monthly payroll. Maximum amount is 2.5 times monthly payroll unless business segment is accommodation or restaurant, then maximum amount is 3.5 times monthly payroll.