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COVID-19 Resources for Businesses  

No matter what happens due to COVID-19 we are committed to helping your business.

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Cornhusker Bank will service existing and new business customers in Lincoln, Omaha, and surrounding communities.

1st Round PPP Loan Application 1st Round PPP Loan Application - Schedule C Gross Income


2nd Round PPP Loan Application 2nd Round PPP Loan Application - Schedule C Gross Income


First Round PPP Loans

Applications for first round loans are available for small businesses and nonprofits that did not receive a PPP loan in 2020.

Second Round PPP Loans

Businesses and nonprofits that were eligible for a first round PPP loan may generally qualify for a second round PPP loan if:

  • You used or will use the full amount of your first draw PPP loan proceeds on eligible expenses under the PPP rules.
  • You experienced a reduction in revenue of 25% or greater during a quarter in 2020 relative to the same quarter in 2019.
  • You have 300 or fewer employees (for a business with a NAICS (North American Industry Classification System) code beginning with 72, each location has no more than 300 Employees).

Our Customer Support Team is available at 402-434-2265 or The Customer Support Team can also direct you to the appropriate team member for more in-depth needs.

For information on How To Calculate Loan Amounts.



COVID-19 Relief Package

A $900 billion COVID-19 relief package was approved as part of the Consolidated Appropriations Act, 2021.

Included in that amount is $284 billion for a second round of the Paycheck Protection Program (PPP). Sharing similar principles to the first round of PPP funding under the CARES Act, the second round of PPP has some differences summarized below.

  • Limited Eligibility – Businesses that received an initial PPP loan may be eligible for a second draw. Second draw loans are limited to those businesses with 300 or fewer employees that have fully used initial PPP funds and had gross receipts during the first, second, third, or fourth quarter of 2020 that were at least 25% less than the same quarter in 2019. Businesses that have not yet received a PPP loan are eligible for an initial loan under the requirements of the original program, with some expanded eligibility provisions as noted below.
  • Expanded Eligibility - The relief package opens up funding to 501(c)(6) Not for Profit entities.
  • Maximum Loan Amount - The maximum loan amount for a business is 2.5 times its average monthly payroll. Specific industries are eligible to receive 3.5 times their average monthly payroll on a second draw loan. All PPP loans, both initial and second draws, are now capped at $2 million.
  • Use of funds expanded - Funds may now be used for expanded eligible purposes including covered operational expenditures, covered property damage costs, covered supplier costs, and covered worker protection expenditures.
  • Tax Treatment - Expenses paid with PPP loan proceeds are now deductible for tax purposes. Consult with a tax advisor regarding this provision.
  • Economic Injury Disaster Loan (EIDL) Advances not withheld from PPP Forgiveness - Previously, EIDL advances were withheld from PPP forgiveness payments, leaving the borrower with a balance owed on their PPP loan. EIDL Advances will no longer impact the PPP loan forgiveness amount. Borrowers that have already received forgiveness will have their outstanding loan amounts reduced or if the loan has been paid off, borrowers will be reimbursed for EIDL Advances that reduced the initial forgiveness amount.
  • Forgiveness Applications - A new, one-page forgiveness application will be available to streamline the forgiveness application process for PPP loans of $150,000 or less.


Guide to Small Business COVID-19 Emergency Loans

What small businesses need to know about the new Pandemic Relief Package - Changes to PPP and more



Coronavirus Response and Relief Supplemental Appropriations Act

Key highlights of the second round of the Paycheck Protection Program



Support and Assistance

The Cornhusker Bank team is here and ready to help you through the COVID-19 pandemic, with a continued commitment to your success. We understand the current impact to commercial and small businesses, owners and employees is unprecedented. As your bank, we stand with you and we are prepared to assist with COVID-19 related impacts where possible. There are a variety of ways you can get the assistance you need:

  • Bank personnel will continue to be available during normal business hours via phone or email.
  • Our Customer Support Team is available at 402-434-2265 to assist you. They can also direct you to the appropriate department for more in-depth needs.
  • Contact us at
  • Live online chat during regular business hours.
  • Business Banking Online will continue to be available per usual for all of your online banking needs.

Manage your Accounts Online

With social distancing in practice, it’s important to enroll your business in online banking and payment tools.


For updates on COVID-19, visit the Centers of Disease Control and Prevention (CDC)



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