Paycheck Protection Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides for an emergency relief program, known as the Paycheck Protection Program (PPP), to support small businesses with funds to keep their workforce employed during the pandemic crisis. The Paycheck Protection Program is administered by the US Small Business Administration (SBA). Participating borrowers must meet the terms and conditions of the program, including eligibility requirements.
Going Beyond to support the Iron Range. American Bank is dedicated to supporting our local communities by offering our neighbors and businesses affordable loans, innovative banking, and custom business solutions tailored to meet individual needs. As a participating lender in the SBA Paycheck Protection Program, we are proud to have provided vital assistance to many hometown small businesses that have been affected by COVID-19. We are here today to ensure businesses are strengthened for tomorrow.
Precision Testing Inc
The Wedding Parlour
Mat, Inc
Subway of Cook MN

As part of the family-owned business, Tom and Jennifer know the value of delivering reliable service you can trust. That’s why they turn to Wendy Stevens and the team at American Bank. You can too.

What can we do for you today?

Here are a few options we think you'll love.
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Business Loans
Partner with a local bank that will be with you at every step.  Our Business Bankers can tailor a loan that's right for you.
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Visa® Rewards Credit Card
Buy your business whatever it needs while earning points toward travel, merchandise, and other rewards.
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American Remote Deposit
Make deposits electronically and cut down on time and expense lost running to the bank. 
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We Go Beyond