


PPP UPDATE 06-04-2020
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,…

CREATING A NEW BUSINESS PLAN FOR OUR NEW BUSINESS REALITY
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…

UNDERSTANDING THE ECONOMIC INJURY DISASTER LOAN (EIDL)
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…