Whether you’ve hired a high schooler or college-aged student at your business recently or have teens at home, teaching financial literacy is vitally important. It’s in the best interest of our future workforce to be wise with their money, make responsible spending and saving decisions, and experience financial success. Teaching teenagers how to be wise […]
In these times of economic uncertainty, talking with your kids about money is more important than ever. Whether you’ve hired a high schooler or college-aged student at your business this summer or have kids at home, teaching financial literacy is vitally important. We all want children—our future workforce—to be wise with their money, make responsible […]
The House and Senate approved changes to the Paycheck Protection Program that is now headed to the President for signature. The changes are more favorable for PPP Borrowers. It is important to note, once the President signs the new legislation, the final rules still need to be written by the Small Business Administration. This means […]
Dear Platinum Bank Family, We are entering the fourth month of the COVID-19 pandemic, which has had profound effects on our businesses, our employees, and our families. At Platinum, we have worked hard over the last few months to help our clients submit PPP applications and plan for a future that none of us could […]
Many business owners who applied directly with the SBA for an Economic Injury Disaster Loan Emergency Advance are now receiving notification that they have been approved for an Economic Injury Disaster Loan. Before accepting the Loan, Borrowers should carefully read and understand the restrictions and requirements within the Loan Documents. Not adhering to the provisions […]
View the online presentation of Gears & Gadgets “Fearless Crisis Leadership in Manufacturing” virtual panel discussion.Gears and Gadgets, presented by Minnesota Manufacturing Executives (MME), is made possible by a dedicated Sponsor Team of which Platinum Bank is a member.
On Wednesday evening, the $349 billion Paycheck Protection Program (“PPP”) fund was exhausted. Washington is considering additional funding but until that occurs, banks cannot secure authorization for any new PPP loan requests. If you received notice that your loan was authorized, your funding is secured. If new funds are allocated, Platinum Bank will process the […]
The federal Paycheck Protection Program (PPP) is providing a $349 billion lifeline to small businesses across the United States. The PPP offers small businesses forgivable loans to cover the cost of paying their employees during the COVID-19 pandemic. For many companies, PPP loans have made the difference between laying employees off and keeping everyone on the payroll.
Beginning Friday, April 3, 2020, the SBA will begin accepting applications for Paycheck Protection Program (PPP) loans. Funds in this program are expected to run out quickly. There are specific calls to action you must do for potential entry into the program. Once applications are approved and accepted, Platinum Bank will work with you and […]
Platinum Bank is Standing Ready to Support Our Clients and Business Communities On Friday, March 27, 2020, legislation was passed and signed into law that will undoubtedly provide much needed support and relief for small business. The CARES (Coronavirus Aid, Relief, and Economic Security) Act is set to provide $2.0 Trillion in new spending to […]
