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.
Please note that the SBA guidance indicates that only “community financial institutions” such as Community Development Financial Institutions, Community Development Corporations, Minority Depository Institutions, and certain microloan intermediaries are able to submit applications beginning January 11, 2021 and that the SBA has not specified when traditional lenders such as Premier Banks will be allowed to submit applications.
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.