If you are a current Independent Bank deposit account holder, you may access our online application here. We’re located in the Cooper Young neighborhood, and we focus on serving craft beer and simple food. P: 989.846.4595, A: 93 W. Fourth St., Suite D Suttons Bay, MI 49682 P: 248.918.5690, A: 1075 Wilcox Ave. White Cloud, MI 49349 P: 269.763.9424, A: 32800 Southfield Road Beverly Hills, MI 48025 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 Please exercise extreme caution if you receive marketing solicitations to assist you with your PPP loan or PPP forgiveness, and be on the lookout for other phishing and fraud attempts. Manage your finances your way. P: 989.772.9405, Monday - Thursday  9:00 am - 4:30 pmFriday   9:00 am - 5:00 pm, A: 1801 S. Mission St. Mt. And I am Independent. If you are experiencing financial hardship, please contact your banker or call 901-844-0400 or 888 … Source: BI Voice of the Customer Survey "Excellent service, knowledgeable and … And I am Independent. PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. The PPP is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. 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 Then we help you get there. Hola, We’re Ponce Bank. First Horizon Bank and IBERIABANK, a division of First Horizon Bank, will continue to offer independent product lines for a period of time. The Consumer Financial Protection Bureau (CFPB) recently announced the appointment of members to the Community Bank Advisory Council (CBAC). Customers who participated in the Paycheck Protection Program (PPP) with Independence Bank, will be receiving important communication by email and contact from their lender regarding next steps of this … The SBA authorized lenders to begin taking applications for PPP Loans for most eligible businesses on April 3, 2020 but delayed authorization to accept applications from independent contractors until April 10, 2020. As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. I live in a true community and First Independence Bank made that possible. Customers Bank is now taking PPP and PPP Second Draw Loan applications. Pleasant, MI 48858 P: 616.642.9406, A: 8880 Unionville Road Sebewaing, MI 48759 In addition, guidance regarding the supporting documentation required from independent contractors and self-employed individuals is thin. Independent Bank's services meet your individual needs because nothing is more important than your freedom to focus on what you value most. Ponce Bank is a U.S. Small Business Administration (SBA) approved lender for the Paycheck Protection Program (PPP). Community Engagement and Accessibility: Community bank officers are typically deeply involved in their local communities. Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. 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 lenders, including Bank of America, must follow. Divide this total by 12 to find your average monthly net profit. No collateral or personal guarantees are required. 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 Most rules for small and intermediate banks became effective this past October. How many PPP loans can I take out? SBA PPP Update. We are temporarily closing our forgiveness application portal to new applications as we address the new program rules. Independent Bank supports the growth of businesses in its local communities through SBA lending. F. ORM . These small business loans are backed by the Small Business Administration of the federal government … P: 231.652.1665, Monday - Thursday  9:00 am - 4:00 pmFriday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday   8:30 am - 5:00 pmFriday  8:30 am - 5:30 pmSaturday  8:30 am - 12:00 pm, A: 199 W. River Valley Newaygo, MI 49337, A: 4046 Huron St. North Branch, MI 48461 borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. If you received a first-round PPP loan from us, you should have received email instructions on what is required, but you can also see below for information on how to apply. Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. Please review the qualifications and certifications on the first page of the 3508 EZ application instructions. This page is about PPP loans for 1099 independent contractors. If you are not currently an Independent Bank deposit account holder but would like to apply for a Second Draw PPP Loan, please contact one of our skilled i-bankers to help get you started. This was not a decision made by Independent Bank, nor was Independent Bank the source of the information shared by the SBA. Independent Bank is honored to support local businesses, especially during these trying times. 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. This may include differing underwriting guidelines, product features, terms, fees, and pricing. 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. PPP 2.0 Summary. Neither the government nor lenders will charge small businesses any fees. Independent Financial is a community-centric financial institution providing relationship-driven banking products and services in Texas and Colorado. A. PPLICATION . I am a craft brewer. 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: 248.539.4600, A: 6750 Cascade Road SE Grand Rapids, MI 49546 Independence Bank offers a wide range of services for your personal banking needs, such as free checking and savings, as well as online banking. This level of personalization will not lead to the sale of your name or leak your identity. You are allowed only one PPP loan. 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 … Here is a directory of every Independent Bank ATM, branch, and loan office. At Bank of America, the Paycheck Protection Pro… Throughout the pandemic, community banks, as essential businesses continued to serve customers and new customers around the clock to ensure they received the PPP loans they needed. Financial Centers in Texas are beginning to reopen. Independent Bank is committed to helping our customers who have been negatively impacted by COVID-19. Skip to content For banking operation updates by location and PPP information P: 313.446.8670, A: 1380 W. Lake Lansing Road East Lansing, MI 48823 Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. P: 989.879.2747, A: 11628 Bunkerhill Road Pleasant Lake, MI 49272 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 … P: 989.269.6471, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 745 N. Euclid Ave. Bay City, MI 48706 P: 810.688.4727, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  8:30 am - 1:00 pm, A: 2119 Hamilton Road Okemos, MI 48864 If your PPP loan amount exceeds $150,000 you must use one of the other applications either the 3508EZ or the regular 3508. Disclaimer. LET'S BANK! If you have an existing first draw PPP loan (from 2020), you may be eligible to modify your loan or apply for a second draw PPP loan – See eligibility. Pleasant, MI 48858, A: 3251 Henry St. Muskegon, MI 49441 P: 248.689.1200, A: 201 W. Big Beaver Rd., Suite 201 Troy, MI 48084 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. Learn why i-bank … Providing your insurance information by email or fax will enable us to quickly verify your insurance coverage and update our records. Alert! 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. 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