


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…

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…