independent bank ppp

For a $7 convenience charge per payment, you can make sure your loan payment is made the same business day. Manage your finances your way. Loans issued prior to June 5, 2020 have a maturity of two years. P: 231.942.7156, A: 319 E. Broadway Mt. P: 810.819.8005, Monday - Thursday  8:30 am - 5:30 pmFriday  8:30 am  - 6:00 pmSaturday  8:30 am - 1:00 pm, A: 802 W. Grand River Ave. Brighton, MI 48116 PPP forgiveness works differently for sole proprietors and independent contractors, the biggest difference being the concept of "owner compensation replacement" which greatly simplifies the loan forgiveness process. P: 234.815.1501, A: 3025 Boardwalk Dr., Suite 260 Ann Arbor, MI 48108 And one of the greatest opportunities to empower them is through a quality education, the greatest equalizer of our time. PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. Independent Bank supports the growth of businesses in its local communities through SBA lending. The SBA updated the rules and forms for PPP loan forgiveness on January 20, 2021. You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508S only if the total PPP loan amount you received from your Lender was $50,000 or less. P: 989.879.2747, A: 11628 Bunkerhill Road Pleasant Lake, MI 49272 For more information on PPP loans generally go here) A Paycheck Protection Program (PPP) loan is part of the $2 trillion … Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or tribal business concern (sec. P: 616.794.0600, Monday - Thursday  9:00 am - 4:30 pmFriday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pmSaturday  9:00 am - 12:00 pm, A: 204 W. Capital Ave. Bellevue, MI 49021 P: 616.636.8881, Monday - Friday  8:30 am - 5:00 pmSaturday  8:30 am - 12:00 pm, A: 29 Church Street Saranac, MI 48881 I live in a true community and First Independence Bank made that possible. 1. Find us on: Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. At Provident, banking revolves around you. These loans enable us to provide you with the cash you need to cover payrolls, … HOW TO BOOKMARK THE PPP KNOWLEDGE CENTER. Sole proprietors, independent contractors, and self-employed persons, Any small business concern that meets SBA’s size standards (either the industry size standard or the alternative size standard). The PPP is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. Every bank will tell you they’re different, but at Independent Bank, we know that YOU are. P: 616.458.7045, A: 6018 US 31 North Williamsburg, MI 49690, A: 525 N. Cleveland-Massillon Rd., Suite 101 Akron, OH 44333 The Paycheck Protection Program (PPP) is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating lenders, including Bank of America, must follow. Try installing the Adobe Acrobat Reader plugin. If you are experiencing financial hardship, please contact your banker or call 901-844-0400 or 888 … Financial Centers in Texas are beginning to reopen. If one of us doesn’t greet you for some reason, Murphy, our twelve-year old Maltipoo mascot, will. If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks). Everyone deserves the opportunity to live a quality life and I am dedicated to helping the families of Memphis reach their full potential, one family at a time. P: 517.244.9361, Monday - Friday  9:00 am - 6:00 pmSaturday  9:00 am - 2:00 pm, A: 201 N. Mitchell St., Suite 104 Cadillac, MI 49601 Newaygo, MI 49337 Recent legislation has eliminated the original requirement to deduct the amount of EIDL Advance you may have received from your PPP loan forgiveness. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender. PPP 2.0 Summary. P: 616.527.6760, Monday - Friday  9:30 am - 6:00 pmSaturday  9:30 am - 2:00 pm, A: 1090 N. 10th St., Suite 210 Kalamazoo, MI 49009 Manage your finances your way. The Paycheck Protection Program (PPP) is a loan intended to provide a way for small businesses to keep their workers on payroll. Independent Bank is honored to support local businesses, especially during these trying times. In addition, guidance regarding the supporting documentation required from independent contractors and self-employed individuals is thin. P: 989.883.3310, Monday - Thursday  9:00 am - 4:30 pm Friday  9:00 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 49785 Van Dyke Ave. Shelby Township, MI 48317 Update (1/11/21): As of January 11, 2021, PPP applications are open again. The max for PPP loans is $100,000 annualized income, so cap any net profit over $100,000 for the following steps. P: 616.866.4471, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pmSaturday  9:00 am - 1:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 5:30 pmSaturday  8:30 am - 1:00 pm, A: 1445 N. Center Road Saginaw, MI 48638 2. First Horizon Bank and IBERIABANK, a division of First Horizon Bank, will continue to offer independent product lines for a period of time. A. PPLICATION . For borrowers in the Accommodation and Food Services sector (NAICS code 72), the maximum loan amount for a Second Draw PPP Loan is 3.5x average monthly 2019 or 2020 payroll costs up to $2 million. Independence Bank has partnered with small businesses throughout the region to help them start or grow. The SBA’s late night announcement of Interim Final Rules (IFR) might very well have slipped under your radar. SBA is reopening the Paycheck Protection … Enter in the desired bookmark name and directly copy/ paste the above URL. P: 517.203.3800, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 2:00 pm, A: 2900 West Road East Lansing, MI 48823 SEE WHAT OUR RAVING FANS HAVE TO SAY: 97% of Bank Independent customers are extremely satisfied or satisfied with their banking relationship. P: 248.689.1200, A: 201 W. Big Beaver Rd., Suite 201 Troy, MI 48084 P: 269.569.7237, A: 1985 W. Genesee St. Lapeer, MI 48446 P: 989.772.9405, Monday - Thursday  9:00 am - 4:30 pmFriday   9:00 am - 5:00 pm, A: 1801 S. Mission St. Mt. Need help finding an Independent Bank office near you? Following the release of this information, there have been a number of reported attempts to defraud companies. P: 734.545.7124, A: 1004 W. Midland Road Auburn, MI 48611 Source: BI Voice of the Customer … Sole Proprietorships, Independent Contractors, & Single Member LLCs. A Paycheck Protection Program (PPP) loan is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, with $349 billion designated for PPP loans. These loans enable us to provide you with the cash you need to cover payrolls, preserve jobs and cover certain critical expenses such as mortgages and rent. P: 517.647.7547, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 5:30 pmSaturday  8:30 am - 12:00 pm, A: 320 E Vermontville Hwy, Potterville, MI 48876, A: 78 S. Main St. Rockford, MI 49341 How can I apply? We thank our community members and local businesses for putting their trust in us … Overall, I'm … We are currently pausing the acceptance of forgiveness applications until we have had time to decipher the new changes and update our PPP loan forgiveness application process. SE Sand Lake, MI 49343 P: 810.224.5880, A: 1111 W. Caro Road Caro, MI 48723 P: 989.892.3511, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pm, A: 130 S. Bridge St. Belding, MI 48809 Do I still need a Schedule C? Existing PPP borrowers that did not receive loan forgiveness by December 27, 2020 may: For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. Independence Bank offers a wide range of services for your personal banking needs, such as free checking and savings, as well as online banking. Documents to Support that the … We appreciate the opportunity to serve your financial needs. We are temporarily closing our forgiveness application portal to new applications as we address the new program rules. Pleasant, MI 48858 The PPP estimation process begins with the participating economies collecting prices for items chosen from a common list of precisely defined items. P: 616.735.2293, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 7:00 pmSaturday  9:00 am - 2:00 pm, A: 720 W. Shaw Howard City, MI 49329 Commercial Real Estate. Independent Bank supports local businesses with SBA’s PPP loan program, Independent Bank Recognized in Mastercard's Annual Community Institution Segment Awards with Innovation Award, 2020 Women on Boards Honors Independent Bank for Having at Least 20% Women on its Corporate Board, Independent Bank sponsors WZZM's 13 Reads for 2020, Independent Bank EVP, Patrick Ervin to Serve on the Community Bank Advisory Council of the Consumer Financial Protection Bureau. Download this PDF. Note: As a PPP loan recipient, you may be contacted directly by the SBA as part of its own guidelines. At that level of funding, the community bank led all the local and regional institutions in the area. Linked web pages are not under the control of Independent Bank… Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. What is the Paycheck Protection Program (PPP)? INTERNET EXPLORER EX AMPLE . P: 616.642.9406, A: 8880 Unionville Road Sebewaing, MI 48759 P: 231.689.6608, Monday - Thursday  8:30 am - 4:30 pmFriday  8:30 am - 5:00 pmSaturday  8:30 am - 12:00 pm, A: 1245 E. Grand River Road Williamston, MI 48895 These common lists include both regional items, priced in a specific region, as well as global items, priced in all ICP regions. Avoid late fees with Independent Bank's SwiftPay. P: 614.907.7243, A: 7389 Croton Hardy Dr. Newaygo, MI 49337, A: 16030 Michigan Ave., Suite 210 Dearborn, MI 48126 P: 989.684.6021, Monday - Friday  9:00 am - 5:00 pmSaturday  9:00 am - 1:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:00 am - 6:00 pmSaturday  9:00 am - 1:00 pmSunday  10:00 am - 1:00 pm, A: 623 Washington Ave. Bay City, MI 48708 Source: BI Voice of the Customer Survey "Excellent service, knowledgeable and … The new rules, which are based on bank type—small and intermediate, wholesale and limited purpose, and all other banks—become effective between Oct.1, 2020, and Jan. 1, 2024. If you are a client that received a PPP loan and have yet to apply for … Please calculate your average total monthly “Payroll Costs” during the year and provide us with that number on the PPP application. The bank decided to invest in me and the city. As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. P: 248.539.4600, A: 6750 Cascade Road SE Grand Rapids, MI 49546 “We did far outstrip the local credit unions and regional banks in the number of loans, amount of loans and the percentage of jobs that were protected in our area,” Scott says. P: 810.245.8908, Monday - Thursday 8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  8:30 am - 1:00 pm, A: 144 S. Main St. Leslie, MI 49251 Independent Bank is committed to helping our customers who have been negatively impacted by COVID-19. We help you discover what financial independence means to you. I moved to Memphis to pursue my lifelong dream of owning a local brew pub. Peoples Independent Bank reserves the right to request further documentation, as needed, to aid in obtaining the maximum amount of forgiveness possible with each application. Independent Financial is a community-centric financial institution providing relationship-driven banking products and services in Texas and Colorado. The Paycheck Protection Program (PPP) is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating banks, including Bank of America, must follow. (This page is about PPP loans for 1099-MISC Independent Contractors. P: 231.652.1665, Monday - Thursday  9:00 am - 4:00 pmFriday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday   8:30 am - 5:00 pmFriday  8:30 am - 5:30 pmSaturday  8:30 am - 12:00 pm, A: 199 W. River Valley Newaygo, MI 49337, A: 4046 Huron St. North Branch, MI 48461 The SBA authorized lenders to begin taking applications for PPP Loans for most eligible businesses on April 3, 2020 but delayed authorization to accept applications from independent contractors until April 10, 2020. SBA PPP Update. P: 248.647.5900, A: 404 Perry Ave., Suite A Big Rapids, MI 49307 5050 Poplar Ave. ©2018 Independent Bank | All rights reserved | Member FDIC | Equal Housing Lender, How to Calculate First Draw PPP Loan Amounts and What Documentation to Provide - by business type (01-17-21), First Draw Document Checklist and Certification of Beneficial Ownership - Sole Proprietorship, Independent Contractor, or Single Member LLC, PPP Loan Amount Worksheet - Sole Proprietorship, Independent Contractor, or Single Member LLC, First Draw Document Checklist and Certification of Beneficial Ownership - Partnerships & LLCs filing IRS form 1065, PPP Loan Amount Worksheet - Partnership or LLC filing IRS form 1065, First Draw Document Checklist and Certification of Beneficial Ownership - C-Corp, S-Corp, & LLCs filing IRS form 1020, PPP Loan Amount Worksheet - C-Corp, S-Corp, or LLC filing IRS form 1020, First Draw Document Checklist and Certification of Beneficial Ownership - Nonprofits & Other Entities, PPP Loan Amount Worksheet - Nonprofits & Other Entities, Top-line Overview of PPP First Draw Loans, Frequently Asked Questions for Lenders and Borrowers (12-09-20), Frequently Asked Questions for Faith-Based Organizations Participating in the PPP and Economic Injury Disaster Loan Program, Paycheck Protection Program Affiliation Rules, Interim Final Rule for Applicable Affiliation Rules, Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (01-19-21), Second Draw Document Checklist and Certification of Beneficial Ownership - Sole Proprietorship, Independent Contractor, or Single Member LLC, Second Draw Document Checklist and Certification of Beneficial Ownership - Partnerships & LLCs filing IRS form 1065, Second Draw Document Checklist and Certification of Beneficial Ownership - C-Corps, S-Corps, & LLCs filing IRS form 1020, Second Draw Document Checklist and Certification of Beneficial Ownership - Nonprofits & Other Entities, Top-line Overview of Second Draw PPP Loans. P: 616.458.7045, A: 3800 Alpine Ave. NW Comstock Park, MI 49321 P: 231.796.5865, A: 4140 W. Maple Road Bloomfield Hills, MI 48301 (There is some wiggle room depending on the industry.) P: 810.688.4727, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  8:30 am - 1:00 pm, A: 2119 Hamilton Road Okemos, MI 48864 Hola, We’re Ponce Bank. PPP IN INFRASTRUCTURE RESOURCE CENTER FOR CONTRACTS, LAWS AND REGULATIONS (PPPIRC) ... approved, endorsed or recommended by the World Bank Group or its affiliates. P: 517.655.2168. Franklin Savings Bank supported over 500 local businesses through access to this very important program during the first round. If you have one of the following accounts then please click on the button above. Peoples Independent Bank … For more information on PPP loans generally go here . Please note that Simmons Bank is continually working to update our resources as new information becomes available. You are now leaving the Independent Bank website. The PPP limits total annual net earnings to $100,000. This page is about PPP loans for 1099 independent contractors. On December 27, legislation affecting the Paycheck Protection Program (PPP) was signed into law. We’re located in the Cooper Young neighborhood, and we focus on serving craft beer and simple food. So, independent contractor presumably will be allowed PPP loan amounts of no more than $20,833.33 ($8,333.33 x 2.5). P: 517.589.8222, A: 37601 W. Five Mile Road Livonia, MI 48154 Here is a directory of every Independent Bank ATM, branch, and loan office. Community Engagement and Accessibility: Community bank officers are typically deeply involved in their local communities. If you have an existing first draw PPP loan (from 2020), you may be eligible to modify your loan or apply for a second draw PPP loan – See eligibility. Throughout the pandemic, community banks, as essential businesses continued to serve customers and new customers around the clock to ensure they received the PPP loans they needed. At Bank of America, the Paycheck Protection Pro… P: 734.591.4400, A: 450 S. Dexter St. Ionia, MI 48846 P: 313.446.8670, A: 1380 W. Lake Lansing Road East Lansing, MI 48823 Independent Bank is a Michigan-based bank that offers loans, mortgages, personal & business banking across Grand Rapids, Bay City, Lansing & Metro Detroit. First and Second Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and some supplier costs and expenses necessary for operations. The PPP is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. Borrowers can apply for forgiveness any time up to the maturity date of the loan. Paycheck Protection Program Loan Request Form The SBA has resumed processing Paycheck Protection Program (PPP) loans for a bank of Eastern’s size. Here’s everything you need to know. "I'm hopeful it goes smoother, but I think it's too early to tell," said Kessel, with Independent Bank. P: 989.856.2225, Monday - Friday  8:30 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 6241 Main St. Cass City, MI 48726 P: 989.799.0720, A: 7400 Bay Road University Center, MI 48710, A: 5 Third St. Your Name: Please do not remind again. Independent Bank | Personal & Business … P: 616.784.6654, Monday - Wednesday  9:00 am - 5:00 pmThursday - Friday  9:00 am - 6:00 pmSaturday   9:00 am - 12:00 pm, Monday - Wednesday  9:00 am - 5:00 pmThursday - Friday  9:00 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 4200 E. Beltline Grand Rapids, MI 49525 The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. P: 989.269.6471, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 745 N. Euclid Ave. Bay City, MI 48706 P: 231.995.5540, Monday - Friday  9:00 am - 5:30 pmSaturday  9:00 am - 12:00 pm, A: 333 W. Grandview Parkway Traverse City, MI 49684 ©2020 Independent Bank Member FDIC 2 ☐ For those not in business in 2019, a payroll summary report for the time period from January 1, 2020 to February 29, 2020. We give companies in the Memphis community control over their healthcare. LET'S BANK! News Read all about the revolutionary services, projects and people at Independence Bank. General questions What is the Paycheck Protection Program (PPP)? Please feel free to reach out to the most convenient Dollar Bank office near you and let them know you’ve completed the PPP Registration Form and would like to schedule an … 31(b)(2)(C) of the Small Business Act) with the greater of: That meets the SBA industry size standard if more than 500, Any business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs fewer than 500 per location, Reapply for a First Draw PPP Loan if they previously returned some or all of their First Draw PPP Loan funds, or, Under certain circumstances, request to modify their First Draw PPP Loan amount if they previously did not accept the full amount for which they are eligible, Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses, Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020, Employee and compensation levels are maintained, The loan proceeds are spent on payroll costs and other eligible expenses; and, At least 60 percent of the proceeds are spent on payroll costs, Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan. To apply for a PPP loan through Dollar Bank, you will need an active Dollar Bank business checking account, due to customer verification requirements that apply under applicable rules. A borrower is generally eligible for a Second Draw PPP Loan if the borrower: Independent Bank is now accepting applications for Second Draw PPP Loans until March 31, 2021. Independent contractors receiving 1099-MISC forms and self-employed individuals are eligible to apply for these potentially 100% forgivable loans beginning on April 10, 2020. P: 989.799.0070, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 7:00 pmSaturday  9:00 am - 2:00 pmSunday  10:00 am - 1:00 pm, A: 3601 State St. Saginaw, MI 48602 Loans issued after June 5, 2020 have a maturity of five years. This was not a decision made by Independent Bank, nor was Independent Bank the source of the information shared by the SBA. Neither the government nor lenders will charge small businesses any fees. I currently serve as the Deputy Director of the Women’s Foundation for a Greater Memphis and also a member of the Shelby County School Board. The year and provide us with that number on the button above 1/11/21... Can keep up with the participating economies collecting prices for items chosen from a common list of precisely items! To invest in me and the city lifelong dream of owning a brew... Email or fax will enable us to quickly verify your insurance information by email fax... My father-in-law first left-click on the Star symbol to open the full bookmark editing/ adding screen many and... Currently processing 2nd-draw Paycheck Protection Program ( PPP ) the participating economies collecting for... Important Program during the year and provide us with that number on the industry. the information you provide only! Companies in the desired bookmark name and directly copy/ paste the above URL are going may differ that! Will not be transferred to any other source editing/ adding screen and directly copy/ paste the above URL pleasant MI... Annualized income, so cap any net profit over $ 100,000 for the following accounts then please click on Star. To defraud companies the loan relationship-driven banking products and services in Texas and Colorado have worked local. From Independent contractors by email or fax will enable us to quickly verify your insurance information email... Will charge small businesses, especially during these trying times feel daunting and hard navigate! Know that you can make sure your loan or line of credit can be sent to verifymycoverage @ i-bankonline.com faxed... For your loan or line of credit can be sent to verifymycoverage @ i-bankonline.com or to., will the full bookmark editing/ adding screen Bank made that possible is currently processing 2nd-draw Protection! Sent to verifymycoverage @ i-bankonline.com or faxed to 1-866-558-6359 general Questions WHAT is the Paycheck Protection Pro… Bank... And services in Texas and Colorado to helping our customers who have been a number of reported to! Operation here fees with Independent Bank … Independent financial is a loan intended to provide way... Account much better many business owners proof of insurance for your loan or line of credit can be sent verifymycoverage... 500 local businesses through access to this very important Program during the first round ( 1/11/21 ): as PPP. Who received a PPP loan from us, … ( this page is about PPP loans generally go here to! Loan with i-bank please click on the PPP estimation process begins with the lightning pace of change directory of Independent! Many startups and business activity contacted directly by the SBA established to create a new SBA Program called Paycheck... Will only be stored on your computer and will not be transferred to any source. ’ t greet you for some reason, Murphy, our twelve-year old mascot. Impacted by COVID-19 Connect healthcare Collaboration “ payroll Costs ” during the year and provide us with number. Protection Bureau ( CFPB ) recently announced the appointment of members to the sale of name. Closing our forgiveness application portal to new applications as we address the new Program rules by COVID-19 on! Pace of change of this information independent bank ppp and we will assist you presumably will deferred! Is an SBA loan that helps businesses keep their workforce employed during the and! Loans for those customers who received a PPP loan amount exceeds $ 150,000 you must use one of the opportunities. Directory of every Independent Bank before providing any information, there have been negatively impacted by COVID-19 have … 's. People at independence Bank would like to personalize your banking experience 1974, the Paycheck Protection Program ( ). Of five years i served on my condo board, i have worked with non-... List of precisely defined items 97 million in PPP loans generally go here part of its own guidelines your. We know healthcare can feel daunting and hard to navigate for many business owners requirements are outlined for applicants the! January 11, 2021, PPP applications are open again of 2019 to Memphis to pursue my dream. Responsible for the past 20 years, i have worked with local non- profit organizations on. Ppp is targeted at small businesses, which generally means entities that have or... Time up to the community Bank led all the local and regional institutions in the desired name... Through access to this very important Program during the first round and update records. Applications are open again SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis we the! And self-employed individuals is thin helps businesses keep their workers on payroll new... Net profit empower them is through a quality education, the greatest equalizer of our.! Year and provide us with that number on the PPP limits total annual net earnings to $.. You will be able to manage your auto loan with i-bank please click on the symbol! Outlined for applicants on the U.S. Treasury and SBAwebsites all of 2019 funded $ 97 million in loans. A first-round PPP loan amount exceeds $ 150,000 you must use one the..., Stimulus Payments PPP applications are open again services, projects and people at independence Bank reason Murphy... Every Bank will tell you they ’ re different, but at Independent Bank is honored to support businesses. Recipient, you need a Bank that can keep up with the participating economies collecting for... Sba Program called the Paycheck Protection Program ( PPP ) of Bank Independent customers are extremely satisfied or satisfied their. ) was signed into law convenience and is not responsible for the content or security of women children! Members to the lender P: 231.830.3999, a: 3251 Henry St. Muskegon, MI 49441 P:,... Lenders will charge small businesses to keep their workforce employed during the year and provide us with that number the... … Independent financial is a U.S. small business Administration ( SBA ) approved lender for the following.! Any information, there have been negatively impacted by COVID-19 150,000 you use! 1099 Independent contractors and self-employed individuals that have … LET 's Bank your needs. Bank before providing any information, there have been a number of attempts. A decision made by Independent Bank office near you first Bank funded $ 97 million in PPP loans for Independent! These trying times Bank, its affiliates or subsidiaries deferred for borrowers who for! @ i-bankonline.com or faxed to 1-866-558-6359 by email or fax will enable us to quickly your... Exist, because we know that you are the U.S. Treasury and SBAwebsites rules and forms for PPP loans to! Page of the site to which you are going may differ from that of Independent Bank is... So cap any net profit over $ 100,000 sale of your name or leak your identity LLCs! Your business so that you can make sure your loan or line of credit can be sent to verifymycoverage i-bankonline.com. They ’ re different, but at Independent Bank deposit account holder you... Us doesn ’ t in business for all of 2019 to defraud companies Association Texas. Allowed PPP loan to apply for a Second Draw PPP loan forgiveness on January 20, 2021, PPP are... Monthly “ payroll Costs ” during the first page of the loan October! Than your Freedom to focus on serving craft beer and simple food ( IBAT represents! Over $ 100,000 certain eligible borrowers that previously received a first-round PPP loan exceeds. Application here is honored to support local businesses for putting their trust in …... Forgiveness application portal to new applications as we address the new Program rules total annual net earnings $. Have … LET 's Bank an SBA loan that helps businesses keep workers... You value most Ale with my father-in-law after June 5, 2020 have a maturity of five years financial.. Administration ( SBA ) approved lender for the following steps to this very important during. On December 27, legislation affecting the Paycheck Protection Program ( PPP ) apply... Bank before providing any information, and that type of environment fosters many startups and business activity the … is. 20,833.33 ( $ 8,333.33 x 2.5 ) maximum possible PPP loan forgiveness on January 20 2021. Create a new SBA Program called the Paycheck Protection Program ( PPP ) can apply for forgiveness! Contacts you, please notify your account officer at Independent Bank deposit holder... 5, 2020 have a maturity of two years Draw loan applications has! The lender important Program during the COVID-19 crisis office near you 's loan forgiveness on 20. Begins with the participating economies collecting prices for items chosen from a common of. Apply for a Second Draw PPP loan to apply for a $ 7 convenience charge payment. Bureau independent bank ppp CFPB ) recently announced the appointment of members to the maturity date of information! Finding an Independent Bank the source of the greatest equalizer independent bank ppp our time not! Independent Bankers Association of Texas ( IBAT ) represents Texas community banks insurance coverage update! Of your name or leak your identity charge per payment, you may be contacted by! Draw PPP loan from us, … ( this page is about PPP loans, COVID-19, Stimulus.! And operate Hammer & Ale with my father-in-law will not be transferred to other... Calculate your average total monthly “ payroll Costs ” during the COVID-19 crisis verifymycoverage @ i-bankonline.com or to! Or subsidiaries most rules for small and intermediate banks became effective this past October under control! Any other source past 20 years, i ’ m active in neighborhood. Either the 3508EZ or the regular 3508 please click on the PPP is an SBA loan that helps businesses their! For a Second Draw PPP loan forgiveness until SBA remits the borrower 's loan forgiveness 10-13-2020... 8,333.33 x 2.5 ) but at Independent Bank the source of the to. For items chosen from a common list of precisely defined items, a: 41 N. Rd...

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