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.

Due to its popularity, however, many small business owners have found it difficult to secure the much-needed funding. Banks are struggling to keep up with demand. That’s why Platinum Bank was honored to be featured by one of our customers in a recent St. Paul Business Journal interview with journalist Patrick Rehkamp.

Our bankers were able to help Oak Marsh Golf Course owner Steve Whillock apply for and secure his PPP funding earlier this month. In the interview, Steve explained how the Platinum Bank team helped guide him through the application process, including answering any questions he had about the new program and how he could use the funding.

While Steve’s losing golf-related revenue due to the statewide Stay at Home order, he says the PPP loan will help him and his team weather the pandemic.

We were honored to be able to help Steve and other small business owners like him with their PPP and other loans during this difficult time. We have been able to help 250 business owners receive approximately $100 million in PPP loan relief. Today, the federal government is working on a solution to allow us to continue to serve even more business owners.

If you have questions about the financial health of your small business or just need to talk to a banker, the Platinum Bank team is here to help. Contact us today to get the conversation started.

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.

Due to its popularity, however, many small business owners have found it difficult to secure the much-needed funding. Banks are struggling to keep up with demand. That’s why Platinum Bank was honored to be featured by one of our customers in a recent St. Paul Business Journal interview with journalist Patrick Rehkamp.

Our bankers were able to help Oak Marsh Golf Course owner Steve Whillock apply for and secure his PPP funding earlier this month. In the interview, Steve explained how the Platinum Bank team helped guide him through the application process, including answering any questions he had about the new program and how he could use the funding.

While Steve’s losing golf-related revenue due to the statewide Stay at Home order, he says the PPP loan will help him and his team weather the pandemic.

We were honored to be able to help Steve and other small business owners like him with their PPP and other loans during this difficult time. We have been able to help 250 business owners receive approximately $100 million in PPP loan relief. Today, the federal government is working on a solution to allow us to continue to serve even more business owners.

If you have questions about the financial health of your small business or just need to talk to a banker, the Platinum Bank team is here to help. Contact us today to get the conversation started.