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Bank of Idaho opens Round 2 PPP Waitlist

IDAHO FALLS – As talks of a new stimulus package continue, Bank of Idaho has announced the

opening of a waitlist for Idaho businesses interested in securing funds as part of the second round of

the Paycheck Protection Program (PPP).


Businesses affected by the Coronavirus pandemic could receive a low-interest-rate loan under this

program and can submit their waitlist application at PPP loans

may be eligible for full or partial forgiveness if the money is used for qualifying costs and depending

on the specific rules of the program. As soon as this program goes live, Bank of Idaho will start

assisting clients on its waitlist.


In the first round of PPP funding, Bank of Idaho secured $96 million for more than 1,000 Idaho

business owners.


“The PPP is a true lifeline for small- to mid-sized businesses,” said Jeff Newgard, Bank of Idaho

president and CEO. “With the pandemic still in full force, now’s the time for businesses to take steps

to secure their futures. By joining our waitlist now, business owners will be able to submit their

applications as soon as the program goes live. Even if business owners worked with another

institution for Round 1 funding, they can choose any bank they like for Round 2.”


Bank of Idaho has been committed to community – and Idaho businesses – for more than 35 years.

With total assets of $551mm and growing, the Idaho Falls-based bank presently has 10 full-service

branches in operation across southern Idaho. In addition to retail and commercial banking, Bank of

Idaho also offers a full spectrum of trust and investment services, along with mortgage lending. For

more information, please visit call (208) 524-5500.

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