Resources for Businesses Affected by Coronavirus
This is a challenging time, especially for business owners. There are a number of financial resources available to businesses. Call us to discuss your specific situation and we can guide you to the options that may be available to you.
We are not currently accepting new applications. We are processing applications received through May 11, 2020. Please check back often as we will update this page when we begin accepting applications.
If you applied for a PPP loan through us, we ask for your patience. Allowing us to work without interruption gives the best ability to process the greatest number of loans. We will notify you if your loan is approved. Please contact your banker for additional information.
Created by the Federal Reserve, Main Street Loans provide support to small and medium-sized businesses experiencing financial strain due to the COVID-19 pandemic. It is intended to help companies maintain their operations and payroll until conditions normalize.
There are three loans to choose from, each with a four-year term and principal and interest payments deferred the first year; amortizations vary by option.
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.
Additional financial resources for businesses:
Loans through the Small Business Administration (SBA) can help you conserve cash with reduced down payments and extended loan amortizations.
Fund operating expenses and improve liquidity with secured and unsecured lines of credit.