The Paycheck Protection Program is available through U.S. Bank, a Preferred SBA Lender. Click on the link below to learn more.
Tag: PPP
Apply Now! First Bank of the Lake is Accepting PPP Loan Applications
Dear PPP Borrowers:
The NMSDC Business Consortium Fund “BCF” has partnered with First Bank of the Lake “FBOL” to allow our MBEs to apply for the first and second PPP loans. FBOL serviced over $500MM worth of loans in the first round, and is currently accepting applications for the second round.
What this means for you:
- Quicker turnaround times as FBOL was one of the top lenders in processing PPP loans in the first round.
- The process is fully automated and will only require a “wet ink” signature upon your receipt of the closing package prior to disbursement.
- You will be required to upload all requested documents in the FBOL loan portal. All customer service is handled directly on the website through FBOL.
- You will get your money much faster as long as you meet the qualifications and provide the requested documents.
You can start your PPP loan application in the First Bank of the Lake online portal!
To make your application process as seamless as possible, First Bank of the Lake partnered with ApplyforPPP, a trusted technology partner, to make it easy for you to provide what is needed.
Follow the steps below to start your application:
1. Click the button below to go to https://applyforppp.com/BCF and verify your email address. (Please use the Google Chrome browser.)
2. Once your email is verified, you will receive an email from info@applyforppp.com with a secure link to your PPP application. Remember, this is your unique login!
3. When you log into your application, instructions will guide you on which reports or documents you’ll need to upload to complete your application.
Click here to get started with First Bank of the Lake’s PPP Loan Application portal.
A message from:
Adrienne C. Trimble
President and CEO
NMSDC
Resources for PPP Loans
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.
Paycheck Protection Program Round 2
A second round of the Paycheck Protection Program reopened with revamped rules and guidelines. Below are key contacts to help you apply for the first or second time:
Bank of America
Chris Fox
Small Business Regional Executive
christopher.r.fox@bofa.com
Key Bank
Jimmy Ng
Sr. Business Banking Relationship Manager
Jimmy_Ng@KeyBank.com
Seattle Credit Union
Angelica Partida Doty
Small Business Development Manager
Angelica.Doty@seattlecu.com
Sound Community Bank
David Raney
EVP | Chief Banking Officer
David.Raney@soundcb.com
Zions Bank
Robert Rendon
(801)844-7917