In addition, guidance regarding the supporting documentation required from independent contractors and self-employed individuals is thin. P: 989.799.0720, A: 7400 Bay Road University Center, MI 48710, A: 5 Third St. At Bank of America, the Paycheck Protection Pro… The max for PPP loans is $100,000 annualized income, so cap any net profit over $100,000 for the following steps. borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. The rapid pace of the PPP… Manage your finances your way. At Provident, banking revolves around you. "I'm hopeful it goes smoother, but I think it's too early to tell," said Kessel, with Independent Bank. P: 616.363.1207, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pm, A: 3090 Plainfield NE Grand Rapids, MI 49505 If you are experiencing financial hardship, please contact your banker or call 901-844-0400 or 888 … Avoid late fees with Independent Bank's SwiftPay. For a $7 convenience charge per payment, you can make sure your loan payment is made the same business day. Paycheck Protection Program (PPP) Round 1 – The CARES Act was signed into federal law in March of 2020 to provide additional relief for qualifying individuals and businesses. We appreciate the opportunity to serve your financial needs. P: 517.324.7400, A: 2461 S. Michigan Road Eaton Rapids, MI 48827 P: 517.655.2168. SEE WHAT OUR RAVING FANS HAVE TO SAY: 97% of Bank Independent customers are extremely satisfied or satisfied with their banking relationship. PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. PPP forgiveness works differently for sole proprietors and independent contractors, the biggest difference being the concept of "owner compensation replacement" which greatly simplifies the loan forgiveness process. I firmly believe that the best way to support a community is to empower and support the most disenfranchised members. P: 231.995.5565, A: 4011 Eastern Sky Dr. Traverse City, MI 49684 P: 616.794.0600, Monday - Thursday  9:00 am - 4:30 pmFriday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pmSaturday  9:00 am - 12:00 pm, A: 204 W. Capital Ave. Bellevue, MI 49021 Learn why i-bank … P: 616.458.7045, A: 6018 US 31 North Williamsburg, MI 49690, A: 525 N. Cleveland-Massillon Rd., Suite 101 Akron, OH 44333 We give companies in the Memphis community control over their healthcare. Alert! P: 616.636.8881, Monday - Friday  8:30 am - 5:00 pmSaturday  8:30 am - 12:00 pm, A: 29 Church Street Saranac, MI 48881 Please download the applicable documents to get started: Sole Proprietorships, Independent Contracts, & Single Member LLCs, C-Corps, S-Corps, & LLCs filing IRS form 1020. B. ORROWERS. 2. ©2018 Independent Bank | All rights reserved | Member FDIC | Equal Housing Lender, How to Calculate First Draw PPP Loan Amounts and What Documentation to Provide - by business type (01-17-21), First Draw Document Checklist and Certification of Beneficial Ownership - Sole Proprietorship, Independent Contractor, or Single Member LLC, PPP Loan Amount Worksheet - Sole Proprietorship, Independent Contractor, or Single Member LLC, First Draw Document Checklist and Certification of Beneficial Ownership - Partnerships & LLCs filing IRS form 1065, PPP Loan Amount Worksheet - Partnership or LLC filing IRS form 1065, First Draw Document Checklist and Certification of Beneficial Ownership - C-Corp, S-Corp, & LLCs filing IRS form 1020, PPP Loan Amount Worksheet - C-Corp, S-Corp, or LLC filing IRS form 1020, First Draw Document Checklist and Certification of Beneficial Ownership - Nonprofits & Other Entities, PPP Loan Amount Worksheet - Nonprofits & Other Entities, Top-line Overview of PPP First Draw Loans, Frequently Asked Questions for Lenders and Borrowers (12-09-20), Frequently Asked Questions for Faith-Based Organizations Participating in the PPP and Economic Injury Disaster Loan Program, Paycheck Protection Program Affiliation Rules, Interim Final Rule for Applicable Affiliation Rules, Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (01-19-21), Second Draw Document Checklist and Certification of Beneficial Ownership - Sole Proprietorship, Independent Contractor, or Single Member LLC, Second Draw Document Checklist and Certification of Beneficial Ownership - Partnerships & LLCs filing IRS form 1065, Second Draw Document Checklist and Certification of Beneficial Ownership - C-Corps, S-Corps, & LLCs filing IRS form 1020, Second Draw Document Checklist and Certification of Beneficial Ownership - Nonprofits & Other Entities, Top-line Overview of Second Draw PPP Loans. P: 517.589.8222, A: 37601 W. Five Mile Road Livonia, MI 48154 P: 616.866.4471, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 5:30 pmSaturday  9:00 am - 1:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 5:30 pmSaturday  8:30 am - 1:00 pm, A: 1445 N. Center Road Saginaw, MI 48638 The new rules, which are based on bank type—small and intermediate, wholesale and limited purpose, and all other banks—become effective between Oct.1, 2020, and Jan. 1, 2024. For more information on PPP loans generally go here . And I am Independent. P: 616.458.7045, A: 3800 Alpine Ave. NW Comstock Park, MI 49321 Following the release of this information, there have been a number of reported attempts to defraud companies. This page is about PPP loans for 1099 independent contractors. Our digital banking technology is fast, … P: 989.662.4403, Monday - Thursday  9:00 am - 4:30 pmFriday  9:00 am - 5:00 pm, Monday - Thursday  9:00 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 655 N. Port Crescent Bad Axe, MI 48413 Also, consult with your bank or an authorized PPP lender as soon as possible to understand their particular process. When you visit us, we want you to obviously taste the passion we have for craft beer, but we also want you to feel the neighborly spirit. And I am Independent. SBA PPP Update. SBA Paycheck Protection Program To fill out an application, please click here.For eligibility information on First and Second Draw PPP loans, please click here. When the pandemic began, Community First Bank climbed aboard the rollercoaster that was the Paycheck Protection Program (PPP), held on to reach new heights and emerged stronger than ever. Independence Bank would like to personalize your banking experience. Independent Bank's services meet your individual needs because nothing is more important than your freedom to focus on what you value most. The bank decided to invest in me and the city. We’re an ideal choice for professionals or individuals whose personal and business finances are closely intertwined, and for those who expect more from their banking relationship. Find us on: Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. How many PPP loans can I take out? Independent Engineer, as the Authority and/or the Concessionaire may reasonably Independent contractors and self-employed individuals that have … Ponce Bank is a U.S. Small Business Administration (SBA) approved lender for the Paycheck Protection Program (PPP). What is a First Draw PPP Loan? P: 734.591.4400, A: 450 S. Dexter St. Ionia, MI 48846 General questions What is the Paycheck Protection Program (PPP)? In order to qualify for loan forgiveness, a borrower must demonstrate that 75% of the loan proceeds were used for "payroll costs," while the remaining 25% of the loan proceeds may be used to pay rent, utilities or interest on existing business debt … Independence Bank has partnered with small businesses throughout the region to help them start or grow. Independent Bank supports the growth of businesses in its local communities through SBA lending. The information you provide will only be stored on your computer and will not be transferred to any other source. A. PPLICATION . Can't see the PDF file? Pleasant, MI 48858, A: 3251 Henry St. Muskegon, MI 49441 P: 517.647.7547, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 5:30 pmSaturday  8:30 am - 12:00 pm, A: 320 E Vermontville Hwy, Potterville, MI 48876, A: 78 S. Main St. Rockford, MI 49341 At First Independent Bank, our relationship bankers have the skill and experience to handle your personal banking needs, as well as your business banking, all under one roof. F. ORM . INTERNET EXPLORER EX AMPLE . Please exercise extreme caution if you receive marketing solicitations to assist you with your PPP loan or PPP forgiveness, and be on the lookout for other phishing and fraud attempts. As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. Independent contractors receiving 1099-MISC forms and self-employed individuals are eligible to apply for these potentially 100% forgivable loans beginning on April 10, 2020. P: 248.647.5900, A: 404 Perry Ave., Suite A Big Rapids, MI 49307 5050 Poplar Ave. A borrower is generally eligible for a Second Draw PPP Loan if the borrower: Independent Bank is now accepting applications for Second Draw PPP Loans until March 31, 2021. Franklin Savings Bank supported over 500 local businesses through access to this very important program during the first round. Skip to content For banking operation updates by location and PPP information PPP IN INFRASTRUCTURE RESOURCE CENTER FOR CONTRACTS, LAWS AND REGULATIONS (PPPIRC) ... approved, endorsed or recommended by the World Bank Group or its affiliates. P: 989.879.2747, A: 11628 Bunkerhill Road Pleasant Lake, MI 49272 Please feel free to reach out to the most convenient Dollar Bank office near you and let them know you’ve completed the PPP Registration Form and would like to schedule an … I currently serve as the Deputy Director of the Women’s Foundation for a Greater Memphis and also a member of the Shelby County School Board. B. Your Name: Please do not remind again. We help you discover what financial independence means to you. P: 810.819.8005, Monday - Thursday  8:30 am - 5:30 pmFriday  8:30 am  - 6:00 pmSaturday  8:30 am - 1:00 pm, A: 802 W. Grand River Ave. Brighton, MI 48116 First and Second Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and some supplier costs and expenses necessary for operations. F. ORGIVENESS . P: 616.887.8277, A: 209 S. Main St. Standish, MI 48658 P: 810.224.5880, A: 1111 W. Caro Road Caro, MI 48723 We’re here to support your business so that you can continue to grow and succeed. We always put people first Independent Bank's services meet your individual needs because nothing is more important than your freedom to focus on what you value most. P: 989.584.3118, Monday - Wednesday  9:00 am - 4:30 pmThursday - Friday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 6727 Main St. Caseville, MI 48725 3. P: 734.545.7124, A: 1004 W. Midland Road Auburn, MI 48611 If you’re a sole proprietor (1099) and are interested in … I served on my condo board, I’m active in my neighborhood and I help out my neighbors. SE Sand Lake, MI 49343 If you have a first draw PPP loan with an institution other than Bank of the West, you can apply for a second draw PPP loan with Bank of the West, if you are eligible. Newaygo, MI 49337 Sole proprietors, independent contractors, and self-employed persons, Any small business concern that meets SBA’s size standards (either the industry size standard or the alternative size standard). If you are interested in applying for a loan through … The Small Business Administration (SBA) is currently processing Paycheck Protection Program (PPP) loan forgiveness applications. The SBA authorized lenders to begin taking applications for PPP Loans for most eligible businesses on April 3, 2020 but delayed authorization to accept applications from independent contractors until April 10, 2020. Hola, We’re Ponce Bank. P: 616.642.9406, A: 8880 Unionville Road Sebewaing, MI 48759 These common lists include both regional items, priced in a specific region, as well as global items, priced in all ICP regions. What is the Paycheck Protection Program (PPP)? Update (1/11/21): As of January 11, 2021, PPP applications are open again. LET'S BANK! Independent Bank is a Michigan-based bank that offers loans, mortgages, personal & business banking across Grand Rapids, Bay City, Lansing & Metro Detroit. P: 231.937.4374, Monday - Thursday  9:00 am - 4:00 pm Friday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 2551 S. State St. Ionia, MI 48846 You are now leaving the Independent Bank website. Ultimately, Community First Bank funded $97 million in PPP loans. You will be able to manage your auto loan account much better. P: 810.688.3051, Monday - Thursday  9:00 am - 4:00 pm Friday  9:00 am - 5:00 pm, A: 3765 Huron St. North Branch, MI 48461 Independent Bank is now accepting applications for Second Draw PPP Loans until March 31, 2021. How can I apply? The Consumer Financial Protection Bureau (CFPB) recently announced the appointment of members to the Community Bank Advisory Council (CBAC). PPP Loan Forgiveness Application Form 3508S Expiration Date: 10/31/2020 SBA Form 3508S (10/20) Page 1 . Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. Documents to Support that the … If you received a first-round PPP loan from us, … P: 989.269.6471, Monday - Thursday  9:00 am - 5:00 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 745 N. Euclid Ave. Bay City, MI 48706 Enter in the desired bookmark name and directly copy/ paste the above URL. Peoples Independent Bank reserves the right to request further documentation, as needed, to aid in obtaining the maximum amount of forgiveness possible with each application. Independent Bank supports local businesses with SBA’s PPP loan program, Independent Bank Recognized in Mastercard's Annual Community Institution Segment Awards with Innovation Award, 2020 Women on Boards Honors Independent Bank for Having at Least 20% Women on its Corporate Board, Independent Bank sponsors WZZM's 13 Reads for 2020, Independent Bank EVP, Patrick Ervin to Serve on the Community Bank Advisory Council of the Consumer Financial Protection Bureau. Forgiveness until SBA remits the borrower 's loan forgiveness until SBA remits the borrower 's loan forgiveness amount to community! Are a current Independent Bank provides external links as a PPP loan recipient, need. 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