Additional Funds Available: Phase II of the Payroll Protection Program

Members, Investors & the Corporate Community:


The U.S. Congress has passed a bill authorizing an additional $310 billion for the Paycheck Protection Program, which was established to help small businesses struggling from the economic impact due to the coronavirus. South Dakota was highly effective in receiving assistance through this program during the initial funding. A high demand for the newly approved funds is anticipated across the country. If you are interested in applying for funds, please contact your bank or lending institution with questions.



Contact your local banker to discuss the lender guide to ensure you meet the requirements. While it is our understanding that virtually all banks and credit unions will be able to process program applications, you should verify that your bank intends to support the program.


Bob Mundt, President/CEO                                   605-339-0103 Office  |  605-376-8242 Cell

Workforce Training: The Sioux Falls Advantage

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