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Small Business Relief Programs

The Paycheck Protection Program has come to an end as of May 27, 2021. Applications are no longer being accepted by the SBA.

PPP Loan Forgiveness - SBA is now accepting applications for all PPP loans (1st and 2nd draw).


Additional SBA programs through The Bank of Elk River

As an SBA preferred lender, we have the knowledge and expertise to utilize a variety of SBA programs to help grow your business. Learn More

SBA Paycheck Protection Program Forgiveness Applications

Please submit your application for forgiveness promptly after your covered period ends.


SBA Paycheck Protection Program Forgiveness Applications

Please submit your application for forgiveness promptly after your covered period ends.

1. PPP Loan Forgiveness Application 3508S for loans $150,000 and under
If your PPP loan amount is $150,000 or less, please fill out the following:

  • 3508S - Forgiveness for Loans $150,000 and Under - Click here to download application.
  • No supporting documentation is required to be submitted with your forgiveness application. You need to retain supporting documentation in your files for six years per the SBA

Once you have exhausted your PPP funds, please submit this completed application to [email protected] upon completion.

2. PPP Loan Forgiveness Application Form 3508EZ
If your organization has a loan greater than $150,000 and has maintained your number of employees please submit the following application:

Once you have exhausted your PPP funds, please submit this completed application along with your Form 941’s for the covered period and all required documents as one package to [email protected] upon completion.

3. PPP Loan Forgiveness Application Form Revised January 21, 2021
If your organization has a loan greater than $150,000 and has had a reduction in the number of employees, please fill out the following:

Once you have exhausted your PPP funds, please submit this completed application and all required documents as one package to your lender upon the conclusion.


Additional SBA programs through The Bank of Elk River
As an SBA preferred lender, we have the knowledge and expertise to utilize a variety of SBA programs to help grow your business. Learn More


July 28, 2021

Contact a Business Banker for Further Assistance

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Neil Gagnon

Vice President, Commercial Lending

763.241.8584

Email: [email protected]
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Becky Moritz

Vice President, Commercial Lending

763.241.8557

Email: [email protected]
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Rob Riedel

Vice President, Commercial Lending

763.274.6895

Email: [email protected]
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Andy Meyer

Commercial Loan Officer

763.274.6887

Email: [email protected]
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Dusty Bredlow

Assistant Vice President, Commercial Loan Officer

763.241.8513

Email: [email protected]
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Nate Ovall

Vice President, Commercial Lending

763.241.8565

Email: [email protected]
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Michelle Thatcher

Assistant Vice President, Commercial Loan Officer

763.241.8592

Email: [email protected]
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Carl Gebhardt

Vice President, Commercial Lending

763.274.6873

Email: [email protected]
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Lynn Backlund

Business Deposit Specialist

763.241.8595

Email: [email protected]