P: 616.887.8277, A: 209 S. Main St. Standish, MI 48658 The information you provide will only be stored on your computer and will not be transferred to any other source. PPP IN INFRASTRUCTURE RESOURCE CENTER FOR CONTRACTS, LAWS AND REGULATIONS (PPPIRC) ... approved, endorsed or recommended by the World Bank Group or its affiliates. 1. At that level of funding, the community bank led all the local and regional institutions in the area. Please download the applicable documents to get started: Sole Proprietorships, Independent Contracts, & Single Member LLCs, C-Corps, S-Corps, & LLCs filing IRS form 1020. Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. Ultimately, Community First Bank funded $97 million in PPP loans. Find all the convenient i-bank branch locations and hours of operation here. Recent legislation has eliminated the original requirement to deduct the amount of EIDL Advance you may have received from your PPP loan forgiveness. Providing your insurance information by email or fax will enable us to quickly verify your insurance coverage and update our records. P: 517.663.4108, A: 1615 W. Center Ave. Essexville, MI 48732 P: 989.584.3118, Monday - Wednesday  9:00 am - 4:30 pmThursday - Friday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 6727 Main St. Caseville, MI 48725 P: 616.794.0600, Monday - Thursday  9:00 am - 4:30 pmFriday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pmSaturday  9:00 am - 12:00 pm, A: 204 W. Capital Ave. Bellevue, MI 49021 Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. What is a First Draw PPP Loan? PPP L. OAN . Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. Source: BI Voice of the Customer Survey "Excellent service, knowledgeable and … P: 734.591.4400, A: 450 S. Dexter St. Ionia, MI 48846 First left-click on the Star symbol to open the bookmark dropdown and then left-click on More to open the full bookmark editing/ adding screen. P: 810.688.3051, Monday - Thursday  9:00 am - 4:00 pm Friday  9:00 am - 5:00 pm, A: 3765 Huron St. North Branch, MI 48461 P: 586.731.6130, A: 525 S. State St. Sparta, MI 49345 P: 810.687.6710, A: 8760 Orion Place, Suite 204 Columbus, OH 43240 Independent Bank is now accepting applications for Second Draw PPP Loans until March 31, 2021. Avoid late fees with Independent Bank's SwiftPay. If you receive anything suspicious, or have any questions regarding your PPP loan/forgiveness or EIDL loan/advance, we encourage you to reach out to your account officer here at Independent Bank, your accountant, or another known, trusted advisor. PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP … P: 616.949.2189, A: 77 Monroe Center Ave. NW, Suite 1200 Grand Rapids, MI 49503 Independent Engineer, as the Authority and/or the Concessionaire may reasonably P: 989.635.3541, Monday - Thursday  9:00 am - 4:30 pm Friday  9:00 am - 5:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pm Saturday  8:30 am - 12:00 pm, A: 190 W. Kipp Road Mason, MI 48854 Elementary PPP calculation. Funding was established to create a new SBA program called the Paycheck Protection Program (PPP… SE Sand Lake, MI 49343 The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Linked web pages are not under the control of Independent Bank… Overall, I'm … P: 810.245.8908, Monday - Thursday 8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  8:30 am - 1:00 pm, A: 144 S. Main St. Leslie, MI 49251 Then we help you get there. Independent Bank is proud to help local businesses who have been negatively impacted due to COVID-19 via the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP). P: 248.539.4600, A: 6750 Cascade Road SE Grand Rapids, MI 49546 SBA Paycheck Protection Program To fill out an application, please click here.For eligibility information on First and Second Draw PPP loans, please click here. Peoples Independent Bank … P: 231.937.4374, Monday - Thursday  9:00 am - 4:00 pm Friday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 2551 S. State St. Ionia, MI 48846 We’re here to support your business so that you can continue to grow and succeed. Source: BI Voice of the Customer … Financial Centers in Texas are beginning to reopen. You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508S only if the total PPP loan amount you received from your Lender was $50,000 or less. First Horizon Bank … Please review the qualifications and certifications on the first page of the 3508 EZ application instructions. The Small Business Administration (SBA) is currently processing Paycheck Protection Program (PPP) loan forgiveness applications. You can apply by using the link. If one of us doesn’t greet you for some reason, Murphy, our twelve-year old Maltipoo mascot, will. SBA PPP Update. For more information on PPP loans generally go here) A Paycheck Protection Program (PPP) loan is part of the $2 trillion … A. PPLICATION . The Consumer Financial Protection Bureau (CFPB) recently announced the appointment of members to the Community Bank Advisory Council (CBAC). First Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Second Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8 to 24 week covered period following loan disbursement: A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. We’re an ideal choice for professionals or individuals whose personal and business finances are closely intertwined, and for those who expect more from their banking relationship. I am the CEO and founder of Connect Healthcare Collaboration. Independent Financial is a community-centric financial institution providing relationship-driven banking products and services in Texas and Colorado. Energy Finance. P: 614.907.7243, A: 7389 Croton Hardy Dr. Newaygo, MI 49337, A: 16030 Michigan Ave., Suite 210 Dearborn, MI 48126 P: 313.446.8670, A: 1380 W. Lake Lansing Road East Lansing, MI 48823 At Provident, banking revolves around you. Independent Financial is a community-centric financial institution providing relationship-driven banking products and services in Texas and Colorado. News Read all about the revolutionary services, projects and people at Independence Bank. P: 231.995.5565, A: 4011 Eastern Sky Dr. Traverse City, MI 49684 Neither the government nor lenders will charge small businesses any fees. Alert! We thank our community members and local businesses for putting their trust in us … No collateral or personal guarantees are required. Independent Bank is proud to announce that it has been recognized for the second year in a row by Mastercard in its annual Community Institution... Women on Boards, the premier global education and advocacy campaign committed to increasing the number of women on corporate boards, has honored ... 13 ON YOUR SIDE's New Initiative to Get Kids Reading For children to succeed, they need to read. As mentioned in the fourth quarter's earnings release, Independent Bank had $169.8 million of PPP loans outstanding at the end of 2020, representing 6% of total loans. Edit uRz Bookmark added Remove Independent Bank is a Michigan-based bank that offers loans, mortgages, personal & business banking across Grand Rapids, Bay City, Lansing & Metro Detroit. P: 989.799.0720, A: 7400 Bay Road University Center, MI 48710, A: 5 Third St. Skip to content For banking operation updates by location and PPP information Manage your finances your way. Sole Proprietorships, Independent Contractors, & Single Member LLCs. If your PPP loan amount exceeds $150,000 you must use one of the other applications either the 3508EZ or the regular 3508. Independent contractors and self-employed individuals that have … We help you discover what financial independence means to you. In order to qualify for loan forgiveness, a borrower must demonstrate that 75% of the loan proceeds were used for "payroll costs," while the remaining 25% of the loan proceeds may be used to pay rent, utilities or interest on existing business debt … SBA is reopening the Paycheck Protection … B. Disclaimer. Click “OK” to continue or “Cancel” to go back, A: 77 Monroe Center NW Grand Rapids, MI 49503 Pleasant, MI 48858 Enter in the desired bookmark name and directly copy/ paste the above URL. P: 989.662.4403, Monday - Thursday  9:00 am - 4:30 pmFriday  9:00 am - 5:00 pm, Monday - Thursday  9:00 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 655 N. Port Crescent Bad Axe, MI 48413 We appreciate the opportunity to serve your financial needs. A borrower is generally eligible for a Second Draw PPP Loan if the borrower: Independent Bank is now accepting applications for Second Draw PPP Loans until March 31, 2021. As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. P: 517.589.8222, A: 37601 W. Five Mile Road Livonia, MI 48154 Independence Bank has partnered with small businesses throughout the region to help them start or grow. Please feel free to reach out to the most convenient Dollar Bank office near you and let them know you’ve completed the PPP Registration Form and would like to schedule an … And I am Independent. P: 616.735.2293, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 7:00 pmSaturday  9:00 am - 2:00 pm, A: 720 W. Shaw Howard City, MI 49329 How many PPP loans can I take out? The PPP is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. If your PPP loan amount exceeds $150,000 you must use one of the other applications either the 3508EZ or the regular 3508. Peoples Independent Bank reserves the right to request further documentation, as needed, to aid in obtaining the maximum amount of forgiveness possible with each application. P: 616.363.1207, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pm, A: 3090 Plainfield NE Grand Rapids, MI 49505 F. ORGIVENESS . We always put people first Independent Bank's services meet your individual needs because nothing is more important than your freedom to focus on what you value most. We are temporarily closing our forgiveness application portal to new applications as we address the new program rules. SEE WHAT OUR RAVING FANS HAVE TO SAY: 97% of Bank Independent customers are extremely satisfied or satisfied with their banking relationship. If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks). P: 231.796.5865, A: 4140 W. Maple Road Bloomfield Hills, MI 48301 P: 231.995.5540, Monday - Friday  9:00 am - 5:30 pmSaturday  9:00 am - 12:00 pm, A: 333 W. Grandview Parkway Traverse City, MI 49684 P: 989.772.9405, Monday - Thursday  9:00 am - 4:30 pmFriday   9:00 am - 5:00 pm, A: 1801 S. Mission St. Mt. 31(b)(2)(C) of the Small Business Act) with the greater of: That meets the SBA industry size standard if more than 500, Any business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs fewer than 500 per location, Reapply for a First Draw PPP Loan if they previously returned some or all of their First Draw PPP Loan funds, or, Under certain circumstances, request to modify their First Draw PPP Loan amount if they previously did not accept the full amount for which they are eligible, Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses, Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020, Employee and compensation levels are maintained, The loan proceeds are spent on payroll costs and other eligible expenses; and, At least 60 percent of the proceeds are spent on payroll costs, Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan. SBA PPP Update. Get started by making a same-day, one … 5050 Poplar Ave. P: 989.673.5656, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  8:30 am - 12:00 pm, A: 323 W. Main St. Carson City, MI 48811 If the SBA contacts you, please notify your account officer at Independent Bank before providing any information, and we will assist you. 2. The new rules, which are based on bank type—small and intermediate, wholesale and limited purpose, and all other banks—become effective between Oct.1, 2020, and Jan. 1, 2024. General questions What is the Paycheck Protection Program (PPP)? Competitive rates for oil and gas ventures; Relationship Managers who understand the oil and gas business at all levels; Repayment terms customized to meet the needs of your business P: 517.244.9361, Monday - Friday  9:00 am - 6:00 pmSaturday  9:00 am - 2:00 pm, A: 201 N. Mitchell St., Suite 104 Cadillac, MI 49601 We offer business checking and savings, credit cards, loans and more. I live in a true community and First Independence Bank made that possible. Also, consult with your bank or an authorized PPP lender as soon as possible to understand their particular process. P: 989.856.2225, Monday - Friday  8:30 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 6241 Main St. Cass City, MI 48726 Independence Bank offers a wide range of services for your personal banking needs, such as free checking and savings, as well as online banking. Independent Bank provides external links as a convenience and is not responsible for the content or security of any linked web page. The Paycheck Protection Program (PPP) is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating banks, including Bank of America, must follow. PDF File. P: 517.381.0817, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 1:00 pm, A: 408 Mable St. Pinconning, MI 48650 P: 616.458.7045, A: 6018 US 31 North Williamsburg, MI 49690, A: 525 N. Cleveland-Massillon Rd., Suite 101 Akron, OH 44333 Paycheck Protection Program (PPP) Round 1 – The CARES Act was signed into federal law in March of 2020 to provide additional relief for qualifying individuals and businesses. This includes self … Do I still need a Schedule C? The data was released as a result of a lawsuit filed by news organizations to obtain the information through the Freedom of Information Act. P: 989.799.1673, Monday - Friday  9:00 am - 5:00 pmSaturday 9:00 am - 12:00 pm, Monday - Thursday  9:00 am - 5:30 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 1:00 pm, A: 5500 Dixie Highway Saginaw, MI 48601 Important Alerts: PPP Loans, COVID-19, Stimulus Payments. This may include differing underwriting guidelines, product features, terms, fees, and pricing. Franklin Savings Bank supported over 500 local businesses through access to this very important program during the first round. At First Independent Bank, our relationship bankers have the skill and experience to handle your personal banking needs, as well as your business banking, all under one roof. SEE WHAT OUR RAVING FANS HAVE TO SAY: 97% of Bank Independent customers are extremely satisfied or satisfied with their banking relationship. Paycheck Protection Program Loan Request Form The SBA has resumed processing Paycheck Protection Program (PPP) loans for a bank of Eastern’s size. Following the release of this information, there have been a number of reported attempts to defraud companies. 3508S I. NSTRUCTIONS FOR . Please calculate your average total monthly “Payroll Costs” during the year and provide us with that number on the PPP application. Additional guidance and updated forms are forthcoming. borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. 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