Paycheck Protection Program

Loan Forgiveness
The Small Business Administration recently announced the opening of a PPP direct forgiveness portal. At this time, Great Southern Bank intends to opt-in to using the direct forgiveness portal, but more details are forthcoming. We will communicate with our customers directly once this option becomes available. 

With the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), changes were made to the forgiveness process for PPP loans and might affect your forgiveness application.

  1. If you have applied for forgiveness before December 27, 2020, there is no other action needed, unless an equity owner of the Business is a Covered Individual, defined as a member of Congress, the President, Vice President, head of a US Executive Department, or a spouse of any of the preceding people. If this applies to your situation and you have previously applied for forgiveness, you will need to submit the PPP - Borrower's Disclosure of Certain Controlling Interests to us immediately.
  2. For those who have not previously applied for forgiveness, the forgiveness application forms have changed. For many borrowers with loans less than $150,000, the process is done through a simplified form, which we will provide to you.
Instructions and new forms are being shared via our online GSB Lending Portal. Here is some additional information:

Additional Information

Directly through the Small Business Administration, small businesses may apply for assistance through the Economic Injury Disaster Loan (EIDL), Shuttered Venue Operators Grant (SVOG), or Restaurant Revitalization Grants programs. Visit for more information on these programs administered through the Small Business Administration.