Starting February 24, 2021 and through March 10, 2021, only applications for companies with fewer than 20 employees will be processed due to federal rule changes. However, all applications are still being accepted at this time and will be submitted after March 10, 2021, assuming federal funds are still available at that time.
Loan calculations for sole proprietors, self-employed workers and independent contractors will potentially change based on these new rules. Once we have more information on these changes, we will include the update on our website.
First Draw PPP
Looking for an initial First Draw PPP Loan? Premier is now accepting applications for those seeking an initial PPP loan. Applications can be accessed here.
Second Draw PPP
The SBA and Treasury Department have now released SBA Form 2483-SD, the application for “Second Draw” PPP loans. The application can be accessed at this link.
The SBA has also now released a short fact sheet on Second Draw loans, which provides helpful summary information. It can be accessed here.
We at Premier Banks have kept our lobbies open, have been safely operating for several months to meet all of your banking needs, and look forward to assisting with your PPP loan! We will begin accepting applications for loans immediately and will submit applications for SBA processing as soon as the SBA begins accepting applications for PPP loans from traditional lenders.