Paycheck Protection Program 2021
Local businesses are the fabric of our community. During these unprecedented times, we are here to help you take care of your employees, your customers and our community.
First Mutual Bank will be accepting applications for the SBA’s Payroll Protection Programs (PPP) loans.
This loan program is available to businesses who received previous PPP loans (Second Draw) and to businesses who are applying for the first time (First Draw). The focus of this loan program is to help smaller businesses and includes restaurants, not-for-profit organizations and other types of businesses that were not eligible previously.
The criteria and applications are different for the second and first draw groups so please follow the instructions that matches your situation.
If you are a Schedule C business, we are now accepting applications based on this classification. If you are a Schedule C owner wishing to use the new calculation method, please see the Schedule C Loan Amount Calculation Worksheet below, for more information on the SBA's interim final rule click here
- It is important to have all your documents complete when submitting your application. Please make sure to download our borrower checklist which details the needed documentation.
- Download and complete the SBA PPP application
- Additional Information Provided by the SBA
Due to the new FAQ from the SBA released on 1/19/21
we are requesting all PPP Draw 2 applications submitted going forward include the applicants signature & date on the first page of their unaudited financial statements and their initials on all other pages attesting to the statements accuracy.
Our goal is to process your application as quickly as possible and get you the financial help you need.
If you have questions about the PPP loan program or the application process, please contact Shawn Sandy at email@example.com.
For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirus and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español).