Resources for Businesses Affected by CoronavirusThe “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act” was signed into law on December 27, 2020. The new legislation includes additional eligible forgivable PPP loan expenses, makes several previously ineligible business types eligible to apply for a PPP loan before March 31, 2021, and streamlines the loan forgiveness process for loans of $150,000 or less.
SBA CARES PPP Loan ProgramThe SBA announced it will begin accepting applications for first-time and second PPP loans on Tuesday, January 19th. We expect to open the Banner Bank Business Loan Portal at the same time.
Access SBA PPP Loan Forgiveness Application Resources
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.
Explore more ways Banner can help your business
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.