COVID-19 Update

FMS Bank branch lobbies are open effective June 15, 2020. While we’re hopeful to soon return to normal operating procedures, our priority will continue to be the health and safety of our employees, customers and our communities. We are not requiring customers to wear face masks, but for security purposes we ask you to please remove your mask briefly to identify yourself before coming in.

Should you have further questions or need banking assistance over the phone, please call your local Greeley branch at (970) 673-4501 or your Fort Morgan branch at (970) 867-3319.

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SBA Paycheck Protection Program

SBA Paycheck Protection Program

Helping our community’s small businesses during COVID-19.

While we continue to monitor the COVID-19 situation closely, we want to assure you of our commitment to protect the safety of our clients, our employees and our communities. Although the times are changing, our dedication to putting our community’s banking needs first remains unchanged.

The PPP Loan program has received a second round of funding, and we will continue to accept applications. We are also now processing applications submitted after the first round of funding was exhausted in the order they were submitted. If your current bank couldn’t address your needs in the first round of funding, we are here to help get your small business the financial relief it needs. Our team is available to answer any questions you may have during this time.

Download and submit your completed application by dropping it off at your local FMS Bank branch at the drive-up window, directly to an FMS Bank loan officer or via email to

How to Apply

Step 1:

Complete SBA PPP application

Step 2:

Gather the following materials:

  • Your Completed Application
  • Verification of Payroll Information
  • Support of the payroll costs from one of the following:
    • –  IRS Forms 941 for 3/31/19, 6/30/19, 9/30/19 and 12/31/19
    • –  IRS Form 940 for the year ended 12/31/19
    • –  Payroll Reports:
      • ›  Summary report for the 12 months ending 2019 (gross wages prior to Section 125 or Deductions)
      • ›  Report detailing each employee and their gross pay for the 12 months ending 2019 (totals should agree with summary report)
      • ›  Report detailing vacation, severance pay, group health benefits, retirement benefits, etc.
    • –  IRS Forms W-2, W-3 for 2019 (REQUIRED)
  • Support of the following:
    • –  Supporting documentation for health, dental, and retirement benefits paid for calendar 2019.
      • ›  A schedule summarizing each category of these costs.
    • –  Copies of state unemployment tax filings for 2019.
  • Financials:
    • –  2019 financials including balance sheet and income statement (can be company prepared or tax return)
  • Date Company Established:
    • –  Articles of Organization OR
    • –  Articles of Incorporation OR
    • –  LLC/Tradename Filing

Step 3:

Email completed application and above-stated supporting materials to sbappp@fmsbank, or submit to an FMS Bank loan officer or at an FMS Bank drive through.

Step 4:

An FMS Bank representative will confirm receipt within hours and begin processing.

Step 5:

Call an FMS Bank loan officer with any further questions about your application.

Greeley | 970-673-4501
Fort Morgan | 970-867-3319
Fort Collins | 970-232-3112

What is the Paycheck Protection Program?

The SBA Paycheck Protection Program is a program through the U.S. Small Business Administration passed into legislation on March 27, 2020 as part of the CARES Act to help businesses that have been impacted by COVID-19.

Who Can Apply

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
    • 500 employees, or
    • That meets the SBA industry size standard if more than 500
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
  • Sole proprietors, independent contractors, and self-employed persons


  • Loan amounts up to 2.5x average covered monthly payroll and selected overhead expenses, not to exceed $10 million
  • No fees
  • No prepayment penalties
  • No business collateral or personal guarantee required
  • Loan forgiveness for eligible payroll, mortgage interest, rent and utilities during the covered eight-week period after origination
  • Maximum interest rate of 1%
  • Up to 2-year loan term
  • Payments may be deferred for up to 6 months

To start preparing your application and documentation, download the official application below. And, for full details regarding the Paycheck Protection Program, including eligibility requirements and loan information, please visit the website for the Small Business Administration directly at

Learn More Here

As always, we’re here to answer any questions and assist you however we can. For further questions or assistance with your application, please contact a representative at your local FMS branch.