Last updated on January 22, 2021 by your Farmers & Stockmens Bank SBA experts.
Starting Friday, January 15th the team has been processing the PPP Second Draw applications we’ve received from our clients. Farmers & Stockmens Bank is pleased to once again have been able to help businesses and employees during this continued time of uncertainty. We have processed nearly all the applications we’ve received to date.
Should we need additional information on a specific application, we will be in touch, otherwise you can assume your application is on track. Client’s will start hearing from the bank team shortly regarding next steps, including documentation for your Second Draw PPP loan.
The bank will begin processing forgiveness applications for loans over $150,000 by the end of January. We are still waiting for final guidance from the SBA for loans less than $150,000 and will be in touch as information becomes available.
F&SB is wrapping up the implementation of a software platform that will automate the PPP application process for clients who wish to apply for new PPP loans. This will streamline and automate that process for new applications. If you have already submitted for your Second Draw PPP loan there is nothing you need to do at this time, we will process your application through the traditional process.
We do anticipate closing many of the Second Draw PPP loans through the automated system and accordingly you will be seeing an invitation to register in that portal in the near future. This portal will manage the eventual forgiveness of the Second Draw PPP loans as well.
Note: If the Application is not completed in its entirety there is a high likelihood it will be returned.
Should you have any questions, please don’t hesitate to reach out to your Banker or Relationship Manager.
With lifelong involvement in the cattle business, Jordan offers beneficial insight from both sides of the desk. With a master’s degree from the University of Colorado School of Banking, Jordan is committed to creating a better future for rural communities through considerate care with banking, real estate, and farm or ranch lending programs.
Before emailing Jordan, please be sure there are no account numbers, social security numbers or other sensitive information contained in your email.
Born and raised on a farm in Texas, Nick needs no translation when it comes to understanding the needs of farmers and ranchers. With a degree in Agricultural Business, nearly 20 years of banking experience, and a local wheat and corn operation of his own, Nick is personally passionate about extending the same level of care and consideration to every local resident. He specializes in agricultural lending, including farm and ranch real estate, and farm and ranch operating loans.
Before emailing Nick, please be sure there are no account numbers, social security numbers or other sensitive information contained in your email.
Larry Fluhman moved to Clayton in 1976, and five years later married his wife, Jay, a Clayton native. Raised on a ranch North of Roy, New Mexico, Larry is still active in ranching activities and remains heavily involved in the community, including being a Trustee at First United Methodist Church, a member of Clayton Rotary Club, part of Union County Economic Development, and more.
Larry started at Farmers & Stockmens bank back in 1986 and joined the Board of Directors in 1992. With more than 40 years of banking experience, Larry brings a wealth of knowledge to the team and customers at Farmers & Stockmens Bank and looks forward to what the future holds for the community.
Before emailing Larry, please be sure there are no account numbers, social security numbers or other sensitive information contained in your email.
Vice President of Loans
A native of Clayton, Amy considers members of this community to be like family. As a consumer loan servicer proficient in auto loans, 4-H loans, student loans, home mortgages and more, she offers a personal touch for every client — whether conversing in English or Spanish. She is proud to work alongside clients long-term as the Bank’s Escrow Agent for Owner Finances.
Before emailing Amy, please be sure there are no account numbers, social security numbers or other sensitive information contained in your email.