Banner Bank SBA PPP Loan Program 

Banner Bank is no longer accepting or processing applications for first- or second-draw loans. We are accepting applications for loan forgiveness and encourage you to apply for forgiveness as soon as you're eligible and have utilized your full loan proceeds toward allowable expenses.
Busy business lobby

SBA CARES PPP Loan Program Information

Banner Bank is accepting applications for loan forgiveness and we encourage you to apply for forgiveness as soon as you're eligible and have utilized your full loan proceeds toward allowable expenses.

FORGIVENESS

Clients may apply for loan forgiveness via the Banner Bank Business Loan Portal. Banner Bank’s Business Loan Portal will step you through a series of questions, and your responses will determine which SBA application form will be generated. In short, use the following as a guide:  
  • Form 3508S is used only for loans of $150,000 or less. 
  • Form 3508EZ is used for borrowers who:
    • Are self-employed and have no employees, and whose loan was more than $150,000 or;
    • Have employees but did not reduce their wages by more than 25%, did not reduce headcount, and did not reduce employee hours, OR
    • Have employees but did not reduce wages by more than 25% and could not operate as normal as a result of reduced business activity due to COVID-19 health guidance restrictions.
  • Form 3508 will be generated for clients whose loan does not qualify to use Form 3508S or 3508EZ.
Important note: Clients with loans of $150,000 or less should not typically be required to upload additional documentation, except if you also received a second-draw loan. In the case of a second-draw loan, you must provide evidence of at least a 25% decline in gross receipts for any one calendar quarter of 2020, compared to the same quarter the year prior. A profit and loss for each quarter (signed and dated on the first page, initialed on all subsequent pages) should suffice, or if your business has filed its tax returns for 2020 and the full year shows at least a 25% reduction from 2019, that may be used instead. If you have identified affiliate businesses, their gross receipts must be included and documented in the same manner. Although you are not required to upload documents detailing how your loan proceeds were utilized, you need to retain all employment records and payroll documentation for at least four years, and all other documentation for three years. You must make records available to the SBA on request.  

 

Clients with loans greater than $150,000 will be required to provide additional documentation of your forgiveness-eligible expenses during the application process. 

 

HELPFUL LINKS

SBA updated guidelines and calculations for PPP loans, and new guidance for Second Draw loans.
""
Updated SBA Guidance Regarding Borrower Eligibility
Consistent with section 1102 of the CARES Act, the Borrower Application Form requires PPP applicants to certify that: “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” Borrowers must make this certification in good faith, taking into account their current business activity and their ability to access other sources of liquidity sufficient to support their ongoing operations in a manner that is not significantly detrimental to the business. For example, it is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith, and such a company should be prepared to demonstrate to SBA, upon request, the basis for its certification.

No action is required on this matter for loan recipients or applicants who acknowledge that their certification of need is accurate, keeping in mind the new guidance. For more information, please review the SBA Guidance. If you have questions about whether your loan application conformed to the SBA Guidance, we urge you to contact your own advisors.

Borrower(s) who wish to withdraw their application(s), or return funds, should contact us.

Banner's Business Lending Experts Are Standing By

As an SBA-preferred lender, Banner Bank's SBA relationship managers can help you navigate the financial resources that may be available to your business. Give us a call today.

Seattle Metro Area

Robin Dode
206-298-2030
robin.dode@bannerbank.com

Spokane & Idaho

Tom Pool
208-772-1176
tom.pool@bannerbank.com

Oregon & SW Washington

Brenda Mangan
360-334-1161
brenda.mangan@bannerbank.com

Los Angeles & Northern California

Tricia Cruz
909-256-8686
tricia.cruz@bannerbank.com

San Diego

Monica Wolfe
951-719-1215
monica.wolfe@bannerbank.com

Explore additional resources for business clients: