Disclaimer: Freedom Bank is working hard to provide the most accurate and up-to-date information, but things are changing quickly– sometimes by the hour. Please understand that details and specifications may change as the SBA refines the programs and approval processes.
Updated: 05/05/2021 1:41PM MDT
The SBA has announced that the Paycheck Protection Program general fund has been exhausted. Freedom Bank is no longer able to accept or process new PPP loan applications. Interested applicants may consider contacting a Community Development Financial Institution (CDFI) or Minority-Owned Financial Institution (MDI) to submit an application, as those organizations have a pool of funds designated by the Economic Aid Act and may be able to continue accepting applications.
A PPP loan may be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, utilities, covered operations expenditures, covered property damage costs, covered supplier costs, and/or covered worker protection expenditures. NOTE: At least 60% of the forgiven amount must have been used for payroll.
If you received a PPP loan from Freedom Bank, please follow the steps below to apply for Forgiveness.
For a complete description of program details, please see the SBA Interim Final Rule for the Paycheck Protection Program (PPP) as Amended by the Economic Aid Act.
We know that this is an uncertain time for many businesses, so please do not hesitate to reach out to a lender directly using the contact information below, or contact the bank at (406) 892-1776 to get connected with the first available PPP specialist.
Bank Phone Number – (406) 892-1776
Don Bennett, President – (406) 892-6622
Max Faller – (406) 892-6631
Cameron Johnson – (406) 892-6626