Entries by Debbie Bramstedt

PPP LOAN FORGIVENESS PROCESS

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 […]

HOW PLATINUM BANK IS HELPING BUSINESSES OBTAIN PPP LOANS DURING THE COVID-19 PANDEMIC

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.

PAYCHECK PROTECTION PROGRAM (PPP) LOAN INFORMATION

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 […]

SBA APPLICATION TIPS

Dear Friends and Clients, To keep you apprised of the updates to the SBA Economic Impact Disaster Loans (EIDL) process that we shared with you earlier this week, the following supplemental information may help you to expedite the application process. Contact Platinum Bank to assist you along the way. The SBA acknowledged that there are […]