The COVID-19 relief bill that passed in December included additional funding for the Paycheck Protection Program (PPP). PPP provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis and includes:
- First Draw PPP Loans for first time program participants
- Second Draw PPP Loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan
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CPA’s: Need to talk to a CPA? We have access to CPA’s who are willing to jump on a call with you to assist you with your PPP questions. Email leighj@seattlechamber.com to be connected with a CPA.
Need to find a lender? Below is a list of Chamber members who are processing PPP applications. You can also visit www.sba.gov/lendermatch to find a lender near you (click here for a map view option).
Processing new applications for PPP loans for existing customers:
- Alaska USA Federal Credit Union
- Banner Bank
- BECU
- Columbia Bank
- Homestreet Bank
- KeyBank
- PNC Bank
- Seattle Credit Union
- The Commerce Bank of Washington (Division of Zion’s Bancorp)
- Washington Business Bank
- Umpqua Bank
- US Bank
Processing PPP loans for businesses without a pre-existing customer relationship:
- Alaska USA Federal Credit Union
- Seattle Credit Union (limited capacity)
- The Commerce Bank of Washington (Division of Zion’s Bancorp)
- Umpqua Bank
- US Bank
Will be processing PPP loans for businesses that come on as new customers:
- BECU: As a credit union, they are regulated by memberships. You must have a business membership in order to have a business loan. They encourage those who are not current business members to visit their business membership page to review their membership application and requirements.
- KeyBank: Will process PPP loans for prospects that wish to transition their primary operating deposit account to the bank prior to applying.