Customer Assistance

PPP Loan Forgiveness

Recently, the federal government issued guidance regarding PPP loan forgiveness and published an application form. Please check back for additional details about the loan forgiveness process. In the meantime, download this guide from the U.S. Chamber of Commerce.

PPP Loan Forgiveness FAQs

SBA loan programs during the COVID-19 outbreak

The Small Business Administration offers several loan programs for businesses facing extraordinary circumstances. Bremer Bank is an SBA Preferred Lender, and can help you evaluate your loan options across SBA and other available programs.  

All correspondence regarding your SBA PPP application will be through your banker, and our Bremer Edge platform. SBA will not contact you directly. There are reports of applicants around the country receiving fake correspondence from the SBA, which are actually phishing attempts by fraudsters. Read our Insight piece for more information on how to protect yourself against these schemes.

SBA Express Bridge Loan

For existing Bremer customers, an emergency bridge loan for up to $25,000.

Contact your banker

Paycheck Protection Program (PPP)

A new program created by the CARES Act, to help small businesses keep workers on payroll during the COVID-19 outbreak. 

Contact your banker

SBA Economic Injury Disaster Loan

Working capital loans to meet ordinary and necessary financial obligations that cannot be met as a direct result of a disaster.

Contact your banker

Paycheck Protection Program (PPP) FAQs

Main Street Lending Program

The Federal Reserve is establishing a Main Street Lending Program to support small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic. Additional information can be found on the Main Street Lending Program web page, administered by the Federal Reserve Bank of Boston.

Main Street New Loan Facility (MSNLF)

New loans to support small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic.

Contact your banker

Main Street Priority Loan Facility (MSPLF)

New loans to support small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic.

Contact your banker

Main Street Expanded Loan Facility (MSELF)

An increase or "upsize" to an existing loan, to support small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic.

Contact your banker

USDA Coronavirus Food Assistance Program (CFAP)

The Coronavirus Food Assistance Program (CFAP) offers support to farmers and ranchers who have been negatively affected by the COVID-19 pandemic. The USDA's Farm Service Agency will begin accepting applications on May 26, 2020. This program includes: 

  • Direct support based on actual losses for agricultural producers where prices and market supply chains have been impacted.
  • Assistance with additional adjustment and marketing costs resulting from lost demand and short-term oversupply for the 2020 marketing year caused by COVID-19.

The program is eligible to farmers regardless of size and market outlet, if they suffered an eligible loss.

Additional relief program details can be found on the USDA website

North Dakota loan programs

Businesses in North Dakota can support their working capital needs through the COVID-19 PACE Recovery Program (CPRP) or Small Employer Loan Fund (SELF). Contact a business banker to learn more or to apply. 

  • Small Employer Loan Fund (SELF)

    For very small North Dakota businesses with 10 FTE or less, who experienced economic injury as a result of the COVID-19 pandemic.

Resources for small businesses

In addition to the loan programs offered by the SBA and the CARES Act, additional government resources are available. Talk to your banker for help navigating the options available to you.

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    Small Business Administration (SBA)

    The SBA offers small business guidance and loan resources on their website.

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    State of Minnesota

    Minnesota’s Department of Employment and Economic Development has established a loan program for small businesses directly and adversely affected by the COVID-19 situation.

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    State of North Dakota

    The state of North Dakota is offering primary sector business and rural growth incentive program emergency loans.

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    State of Wisconsin

    Local and statewide options for Wisconsin businesses are compiled online.

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    City of Saint Paul

    The City of Saint Paul has established bridge funds for families and for small businesses.

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    City of Minneapolis

    The Minneapolis Gap Funds for Small Businesses include a new Small Business Debt-free Fund for companies with 20 employees or less.

Questions about your stimulus check?

Read our article about Economic Impact Payments, including helpful links to IRS resources and FAQs.

Learn more

Consumer loan assistance

If you are a Bremer customer impacted by the COVID-19 situation, Bremer is here to work with you.

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Consumer mortgage loans

Bremer mortgage customers affected by the COVID-19 situation may qualify for suspended or reduced payments for up to 12 months.

 

If you are a mortgage customer in need of this assistance, please contact our Loan Solutions team at 651-734-4147 or 1-800-908-2265, extension 4147.

 

In addition, Bremer is suspending all foreclosure actions, with the exception of abandoned or vacant properties.

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Consumer loans, including home equity loans

Consumer loan customers affected by the COVID-19 situation are eligible for a 6-month deferral or extension at no charge.

 

If you need a deferral or extension, please call 1-855-409-2422 M-F 9:00 a.m. to 4:00 p.m CT or call your local branch for assistance.

 

Please note: This does not apply to Anytime Credit products.

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Consumer cashflow assistance loans

Bremer is offering cashflow assistance loans to existing customers. These low-interest loans have no monthly payments for 12 months. 

 

If you are a Bremer customer in need of a cashflow assistance loan, contact your local banker or call your local branch for more details.

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Additional hardship assistance for consumers

Customers in need of assistance beyond these programs may call our Loan Solutions team at 651-734-4147 or 1-800-908-2265, extension 4147.