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.
The PPP Loan Program has been extended to August 8, 2020. Clients or prospective clients who wish to apply for a PPP loan should reach out to a Banner Bank officer who will assist in beginning the application process. Clients with applications in process must have completed their application and uploaded required documentation to our secure portal not later than July 31, 2020.
If you applied for a PPP loan through us, we will notify you if your loan is approved. If you have a Banner Bank PPP loan, we will contact you about how to apply for loan forgiveness when you are eligible to apply. Please contact your banker for additional information.
Explore Additional Resources for SBA PPP Loans
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.