Paycheck Protection Program

Paycheck Protection Program Loans Provided by Bank OZK*

6,235 $78,014 57,000+
Small business PPP loans

Average loan size

Small business jobs saved**

Bank OZK's expertise and unparalleled support of our small business clients has resulted in providing more than $486 million* in Paycheck Protection Program loans to small businesses.

Small businesses are the anchors of our economy, bringing jobs, growth and innovation to our communities. We are pleased to have helped over six thousand of our clients with Paycheck Protection Program loans so they could stay up and running, or get back to business as soon as possible.

We are now directing our resources to the ongoing support of our small business clients and communities, and are not currently accepting new applications.

*Through May 27, 2020
**According to data on SBA loan applications

Banker Assisting Customer

Program Details

  • Loan uses:
    • Payroll costs, including benefits
    • Interest on mortgage obligations, incurred before February 15, 2020
    • Rent, under lease agreements in force before February 15, 2020
    • Utilities, for which service began before February 15, 2020
  • Rate: 1.0% fixed interest rate
  • Terms: Two year term. No payments for first 6 months; however, interest will continue to accrue.
  • Forgiveness: For details on loan forgiveness, see our FAQs
  • Collateral: No collateral or personal guarantee required
  • Fees: No SBA loan fees will apply
Small Businesses on Main Street

Who is Eligible

Businesses with fewer than 500 employees including:

  • Nonprofits
  • Veterans organizations
  • Tribal businesses
  • Churches
  • Sole proprietorships
  • Self-employed individuals
  • Independent contractors
  • Businesses in certain industries with more than 500 employees may still qualify. Refer to the SBA's size standards.
Business Owner Working

Loan Forgiveness

The loan amounts will be forgiven as long as:

  • The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8-week period after the loan is made; and
  • Employee and compensation levels are maintained
Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.

Your loan forgiveness amount will be reduced if any of the following apply:

  • You have decreased your full-time employee headcount
  • You have decreased salaries and wages by more than 25% for any employee that made less than $100,000 annualized in 2019

Our business checking accounts are built to best suit your business' unique needs. Discover Business Checking account options →


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