Paycheck Protection Program (PPP)

First PREMIER Bank

Program Update May 2021

The Small Business Administration (SBA) has announced that as of May 4, 2021, all Paycheck Protection Program (PPP) funds have been exhausted. This means First PREMIER Bank will no longer be accepting any new PPP applications.

First PREMIER Bank assisted South Dakota businesses and non-profits with nearly 2,400 PPP loans in 2020 and 2021. We appreciate the trust and confidence placed in our team and are grateful for the opportunity to serve our customers and communities in this way.

woman and man looking at blueprints

PPP Loan Forgiveness

First PREMIER Bank will begin accepting PPP Forgiveness applications for loans originated in 2021 on June 1, 2021. A simplified forgiveness form is now available (as of January 19, 2021) for borrowers who received a PPP loan of $150,000 or less in 2020. Forgiveness information, application forms and instructions for all borrowers can be found by clicking the green PPP Forgiveness link below.

For borrowers that received a PPP loan (originated in 2020) in an amount greater than $150,000, see First PREMIER Bank PPP Forgiveness Checklist.

For additional guidance related to PPP Forgiveness, contact your banker or one of our PPP specialists at 800-581-1304 between 8 a.m. and 5 p.m. CT Monday through Friday or email us at: For a listing of First PREMIER Business Bankers, please CLICK HERE.

Click Here for PPP Forgiveness

SBAExpress, 7(a) and More

Fund growth with short-or-long-term, fixed or variable rate, secured or unsecured loans with great rates and terms. Qualified businesses enjoy no minimums and no prepayment penalties on loan amounts up to $5 million. Speak to a loan officer for more information.

SBA 504 Loans

Great for businesses interested in purchasing commercial real estate, refinancing and/or extracting equity from owned real estate. Low down payments preserve working capital.  Available funds support operation and investment back into your business. Find out more today. 

Speak to a Loan Officer Today

We can help you navigate the complicated lending landscape, find competitive loan products and help you apply. Click below to contact a loan officer near you.

A Proud Supporter of Business & Community

Serving Small Businesses


  • Attorneys, Accountants
  • Construction Firms
  • Consulting Practices
  • Independent Contractors
  • Medical and Dental Practices
  • Manufacturers
  • Retailers
  • Service businesses
  • Restaurants
  • And more
First PREMIER Bank First PREMIER Bank


{1} SBA loans are backed by the U.S. Small Business Administration.

You May Also Be Interested In