computer keyboard with Paycheck Protection Program key

Paycheck Protection Program 2021

The PPP program has been updated to include First Draw Applications and Second Draw Applications.  If you DID NOT RECEIVE a PPP loan in 2020, you will use the First Draw Application.  If you DID RECEIVE a PPP loan in 2020, you will use the Second Draw Application. The (2) links directly below give an overview of each program.  Also below, we have included links for the First Draw Application, Second Draw Application, PPP Calculator, Documentation Checklist and the Interim Final Rules for the First Draw and the Second Draw.

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. To qualify for second draw application, you must demonstrate a loss of gross revenue of 25% or more in any one quarter in 2020 compared to 2019. 

How can we help? 

Paycheck Protection Program

Citizens Bank Minnesota will be processing and approving your Paycheck Protection Program (PPP) applications. To be efficient, we will be accepting applications and documentation HERE.

Important Links:

First Draw PPP Application

Second Draw PPP Application

Documentation List (If you have submitted these items to Citizens Bank Minnesota previously, we will provide them for you. If you have not submitted them to Citizens Bank Minnesota, they are required to complete the application.)

PPP Calculator


**Instructions on submitting 2021 PPP Applications via our portal:

  1. Click on the "Business" tab and go to "Extra Services"
  2. Scroll down to "Secure File Delivery"
  3. Click on "Secure Upload"
  4. Click on "PPP Application 2021"
  5. Fill in your information and attach your documents
A COMPLETE loan package will ensure that we can process your application in the most efficient manner!

**Please Note: Citizens Bank Minnesota is participating in this program to help clients impacted by the economic impact from COVID-19. We do anticipate high volume and there may be processing delays and system failures along with other issues that interfere with submission of the application to the SBA. Lender does not represent or guarantee that it will submit the application before SBA funding is no longer available or at all. Lender is not responsible or liable to applicant if the application is not submitted to the SBA until after the SBA stops approving applications, for any reason, or if the application is not processed. This applies to the pace, manner or systems for processing or prioritizing applications, or representations regarding the application process, the program or availability of funding. 

Let us know if you have any questions - we are here for you!

Citizens Bank Minnesota Lending Team

Questions? Please give us a call at 800-549-0194.