GREENLEAF BANK ACCEPTING PPP APPLICATIONS
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, has opened the Paycheck Protection Program (PPP) loan portal for GreenLeaf Bank, a PPP-eligible lender, starting Tuesday, January 19, 2021 to submit First and Second Draw loan applications to SBA.
To get started contact:
Business Loans - Gregg Halvorsen at 920-864-7901 or email Gregg at firstname.lastname@example.org
Ag Loans - Ken Jenks at 920-864-7901 or email Ken at email@example.com
Have questions about the PPP? See Frequently Asked Questions.
First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of PPP, which ran from March to August 2020, was a historic success helping 5.2 million small businesses keep 51 million American workers employed.
For more information on First Draw Loans, visit the Visit the SBA Website.
Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million.
More information on Second Draw Loans, visit the SBA website.
Before you begin this process, make sure you have done the necessary payroll calculations To find the appropriate figures for your business, Calculate PPP Draw Amounts