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Paycheck Protection Program 2.0

Paycheck Protection Program 2.0

Second Draw Paycheck Protection Program (PPP) Loans

Thank you for your interest in the SBA PPP loan program.  If you would like to apply for Debt Forgiveness, First Draw SBA PPP Loan, or Second Draw SBA PPP Loan, please send an email request to with the PPP product you are looking for in the subject line and the following in the body of the email:
  • Name of business
  • Authorized representative(s) of the business name, email, and cell phone numbers
We suggest that you wait to fill out the application until we provide you our packet.  Our application packet has built in information we must collect from you.  We continue to ask for your patience as we facilitate this program and encourage you to read the below items to begin preparing for your application.  

If you can answer yes to all of the questions below, you are eligible for a Second Draw PPP Loan:

  1. I have used, or will use, the full amount of my PPP loan before disbursement of a Second Draw Loan.
  2. I have no more than 300 employees.
  3. I do not plan to apply for or receive a Shuttered Venue Grant, under Section 324 of the Economic Aid Act.

How to calculate the 25% reduction:


1Documentation showing a 25%+ reduction in income from 2019 to 2020 is not required at the time of application for Second Draw Loans under $150,000, but it is required upon applying for forgiveness.  We may request this documentation upfront to ensure a smooth and seamless forgiveness process.

While we are waiting on some final items from SBA, the current documents that will be needed along with your application (which will be provided to you) are as follows:

  • Proof of 25% reduction in revenues.  Acceptable forms for verification of revenue loss per SBA Interim Final Ruling are quarterly or annual tax filings, internal quarterly/annual financial statements, or bank statements with acceptable detail.
  • If you are using 2020 payroll numbers for your new loan, we will need your annual payroll summary and 941s/940s, 2020 Schedule C or F (if applicable), or other applicable and approved payroll statements.
  • These items will all be attached to your application via DocuSign and returned to your lender.

Glacier Bank is busy working with borrowers to complete the initial SBA PPP Loan forgiveness.

  • As a reminder you will need to show proof of spent funds on Payroll, Utilities, Rent, and Mortgage Interest with a minimum of 60% of the use being for payroll. 
  • All borrowers are also eligible for the 24 week (168 days) spend period from the time they received the money in their accounts vs the original 8-week approval to allow more time to utilize these funds.
  • If you have not received your application to apply for forgiveness, please contact your originating loan officer to request this to get started on this process.

On December 27, 2020 the new federal Economic Relief Bill was signed into law and is expected to be rolled out as a whole over the coming weeks.  A portion of this bill is the forgiveness of Economic Injury Disaster Loan (EILD) Advances received from SBA up to $10,000 that were initially not forgiven and taken out of your SBA PPP Loan Forgiveness.

These loans that are remaining with a balance due and payments starting have been automatically extended by six months for a payment start date to allow SBA time to process these and have the money to the bank to pay these off.  You will be receiving a letter from Glacier Bank with more detail in the coming weeks.

If you have already started making payments or have paid off your EIDL advance at the time forgiveness was issued, the bank will provide this credit back to your business account at the time we receive the funds from the SBA but not prior.

We have not been given a timeframe for these payments to be issued to the banks and borrower, but will update this page once we have more information.  Please contact your lender with any questions. 

During times like these it is not uncommon for fraudsters to take advantage of a vulnerable situation. If you are contacted by anyone other than your lender to provide them loan information or account information for loan forgiveness, please contact your lender and the bank right away.