Independent Bank is proud to announce that it has been recognized for the second year in a row by Mastercard in its annual Community Institution... Women on Boards, the premier global education and advocacy campaign committed to increasing the number of women on corporate boards, has honored ... 13 ON YOUR SIDE's New Initiative to Get Kids Reading For children to succeed, they need to read. Then we help you get there. INTERNET EXPLORER EX AMPLE . Can't see the PDF file? I am the CEO and founder of Connect Healthcare Collaboration. Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. This page is about PPP loans for 1099 independent contractors. P: 517.663.4108, A: 1615 W. Center Ave. Essexville, MI 48732 The rapid pace of the PPP… P: 616.696.0050, Monday - Wednesday 9:00 am - 5:00 pmThursday - Friday 9:00 am - 5:30 pmSaturday 9:00 am - 12:00 pm, Monday - Wednesday 8:30 am - 5:00 pmThursday 8:30 am - 7:00 pmFriday 8:30 am - 5:30 pmSaturday 8:30 am - 1:00 pm, A: 129 Lansing St. Charlotte, MI 48813 P: 616.447.0900, A: 4525 Lake Michigan Dr. Walker, MI 49534 P: 517.324.7400, A: 2461 S. Michigan Road Eaton Rapids, MI 48827 PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP … SBA PPP Update. P: 231.652.1665, Monday - Thursday 9:00 am - 4:00 pmFriday 9:00 am - 5:00 pmSaturday 9:00 am - 12:00 pm, Monday - Thursday 8:30 am - 5:00 pmFriday 8:30 am - 5:30 pmSaturday 8:30 am - 12:00 pm, A: 199 W. River Valley Newaygo, MI 49337, A: 4046 Huron St. North Branch, MI 48461 (This page is about PPP loans for 1099-MISC Independent Contractors. 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 Customers Bank is now taking PPP and PPP Second Draw Loan applications. Do I still need a Schedule C? 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. What is a First Draw PPP Loan? Memphis, TN 38157. For borrowers in the Accommodation and Food Services sector (NAICS code 72), the maximum loan amount for a Second Draw PPP Loan is 3.5x average monthly 2019 or 2020 payroll costs up to $2 million. 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 Ponce Bank is a U.S. Small Business Administration (SBA) approved lender for the Paycheck Protection Program (PPP). P: 231.689.6608, Monday - Thursday 8:30 am - 4:30 pmFriday 8:30 am - 5:00 pmSaturday 8:30 am - 12:00 pm, A: 1245 E. Grand River Road Williamston, MI 48895 Independence Bank offers a wide range of services for your personal banking needs, such as free checking and savings, as well as online banking. I am a community leader. P: 989.772.9405, Monday - Thursday 9:00 am - 4:30 pmFriday 9:00 am - 5:00 pm, A: 1801 S. Mission St. Mt. Skip to content For banking operation updates by location and PPP information Documents to Support that the … And that is why we exist, because we know healthcare can feel daunting and hard to navigate for many business owners. If you receive anything suspicious, or have any questions regarding your PPP loan/forgiveness or EIDL loan/advance, we encourage you to reach out to your account officer here at Independent Bank, your accountant, or another known, trusted advisor. As mentioned in the fourth quarter's earnings release, Independent Bank had $169.8 million of PPP loans outstanding at the end of 2020, representing 6% of total loans. 3508S I. NSTRUCTIONS FOR . 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. P: 989.856.2225, Monday - Friday 8:30 am - 5:00 pmSaturday 9:00 am - 12:00 pm, A: 6241 Main St. Cass City, MI 48726 The Paycheck Protection Program (PPP) is a loan intended to provide a way for small businesses to keep their workers on payroll. Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. Please enter your first name below. B. ORROWERS. 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 Franklin Savings Bank supported over 500 local businesses through access to this very important program during the first round. Independent Bank is now accepting applications for Second Draw PPP Loans until March 31, 2021. If you received a first-round PPP loan from us, … Your Name: Please do not remind again. Everyone deserves the opportunity to live a quality life and I am dedicated to helping the families of Memphis reach their full potential, one family at a time. Independent contractors and self-employed individuals that have … The eligibility requirements are outlined for applicants on the U.S. Treasury and SBAwebsites. 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. Funding was established to create a new SBA program called the Paycheck Protection Program (PPP… HOW TO BOOKMARK THE PPP KNOWLEDGE CENTER. Disclaimer. The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. F. ORM . These common lists include both regional items, priced in a specific region, as well as global items, priced in all ICP regions. 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. Throughout the pandemic, community banks, as essential businesses continued to serve customers and new customers around the clock to ensure they received the PPP loans they needed. 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 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 Loans issued after June 5, 2020 have a maturity of five years. Congressional Bank is currently processing 2nd-draw Paycheck Protection Program loans for those customers who received a PPP loan from us in 2020. Source: BI Voice of the Customer … For sole proprietors, independent contractors or other one person operations, the maximum possible PPP loan is $20,833. I wasn’t in business for all of 2019. The PPP limits total annual net earnings to $100,000. How can I apply? No detailed guidance regarding the applicability of the PPP Loan program to independent contractors was included in the Initial Rule. P: 517.543.4994, Monday - Friday 9:00 am - 5:00 pm Saturday 9:00 am - 1:00 pm, Monday - Friday 9:00 am - 5:00 pmSaturday 9:00 am - 1:00 pm, A: 3500 W. Vienna Road Clio, MI 48420 P: 517.381.0817, Monday - Thursday 9:00 am - 5:00 pmFriday 9:00 am - 6:00 pmSaturday 9:00 am - 1:00 pm, A: 408 Mable St. Pinconning, MI 48650 Existing PPP borrowers that did not receive loan forgiveness by December 27, 2020 may: For most borrowers, the maximum loan amount of a Second Draw PPP Loan is 2.5x average monthly 2019 or 2020 payroll costs up to $2 million. P: 517.244.9361, Monday - Friday 9:00 am - 6:00 pmSaturday 9:00 am - 2:00 pm, A: 201 N. Mitchell St., Suite 104 Cadillac, MI 49601 The PPP estimation process begins with the participating economies collecting prices for items chosen from a common list of precisely defined items. Proof of insurance for your loan or line of credit can be sent to verifymycoverage@i-bankonline.com or faxed to 1-866-558-6359. LET'S BANK! Learn why i-bank … The Small Business Administration (SBA) is currently processing Paycheck Protection Program (PPP) loan forgiveness applications. P: 616.642.9406, A: 8880 Unionville Road Sebewaing, MI 48759 P: 231.995.5508, A: 1239 S. Garfield Traverse City, MI 49684 You can apply by using the link. If you have an auto loan with i-Bank please click on the button above. If you are not currently an Independent Bank deposit account holder but would like to apply for a First Draw PPP Loan, please contact one of our skilled i-bankers to help get you started. If you are a client that received a PPP loan and have yet to apply for … No collateral or personal guarantees are required. Source: BI Voice of the Customer Survey "Excellent service, knowledgeable and … P: 313.446.8670, A: 1380 W. Lake Lansing Road East Lansing, MI 48823 P: 517.655.2168. Independent Bank is committed to helping our customers who have been negatively impacted by COVID-19. General questions What is the Paycheck Protection Program (PPP)? I firmly believe that the best way to support a community is to empower and support the most disenfranchised members. F. ORGIVENESS . Recent legislation has eliminated the original requirement to deduct the amount of EIDL Advance you may have received from your PPP loan forgiveness. 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 Manage your finances your way. P: 989.879.2747, A: 11628 Bunkerhill Road Pleasant Lake, MI 49272 Download this PDF. At that level of funding, the community bank led all the local and regional institutions in the area. P: 614.907.7243, A: 7389 Croton Hardy Dr. Newaygo, MI 49337, A: 16030 Michigan Ave., Suite 210 Dearborn, MI 48126 These small business loans are backed by the Small Business Administration of the federal government … Here’s everything you need to know. Paycheck Protection Program Loan Request Form The SBA has resumed processing Paycheck Protection Program (PPP) loans for a bank of Eastern’s size. Commercial Real Estate. Please download the applicable documents to get started: Sole Proprietorships, Independent Contracts, & Single Member LLCs, C-Corps, S-Corps, & LLCs filing IRS form 1020. 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. P: 734.591.4400, A: 450 S. Dexter St. Ionia, MI 48846 This level of personalization will not lead to the sale of your name or leak your identity. The SBA’s late night announcement of Interim Final Rules (IFR) might very well have slipped under your radar. 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 I live in a true community and First Independence Bank made that possible. P: 231.995.5565, A: 4011 Eastern Sky Dr. Traverse City, MI 49684 We offer business checking and savings, credit cards, loans and more. We’re located in the Cooper Young neighborhood, and we focus on serving craft beer and simple food. What is the Paycheck Protection Program (PPP)? Neither the government nor lenders will charge small businesses any fees. Please note that Simmons Bank is continually working to update our resources as new information becomes available. Borrowers can apply for forgiveness any time up to the maturity date of the loan. P: 248.647.5900, A: 404 Perry Ave., Suite A Big Rapids, MI 49307 Specifically, we use a tested and proven model to engage employees, increase health literacy, customize solutions, renew employee well-being, and reduce excess spending for employers. Independent Bank is proud to help local businesses who have been negatively impacted due to COVID-19 via the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP). The following entities affected by Coronavirus (COVID-19) may be eligible: Independent Bank is now accepting applications for First Draw PPP Loans until March 31, 2021. P: 231.995.5540, Monday - Friday 9:00 am - 5:30 pmSaturday 9:00 am - 12:00 pm, A: 333 W. Grandview Parkway Traverse City, MI 49684 If you are a current Independent Bank deposit account holder, you may access our online application here. Congress passed and President Trump signed amendments to the March 2020 CARES and other laws to create a new round of Paycheck Protection Program Loans to first-time borrowers; and a new PPP Second Draw Program for previous PPP borrowers. Sole Proprietorships, Independent Contractors, & Single Member LLCs. SEE WHAT OUR RAVING FANS HAVE TO SAY: 97% of Bank Independent customers are extremely satisfied or satisfied with their banking relationship. P: 586.731.6130, A: 525 S. State St. Sparta, MI 49345 PPP is targeted at small businesses, which generally means entities that have 500 or fewer employees. PPP Loan Forgiveness Application Form 3508S Expiration Date: 10/31/2020 SBA Form 3508S (10/20) Page 1 . As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. Multiply by 2.5 to determine the PPP loan amount to request to cover 2.5 months of average profits (“payroll”) for a self-employed business. P: 231.995.5575, A: 201 W. Big Beaver Road Troy, MI 48084 Nonprofits, veterans’ organizations, and independent contractors qualify as well. Independent Bank supports the growth of businesses in its local communities through SBA lending. If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks). "I'm hopeful it goes smoother, but I think it's too early to tell," said Kessel, with Independent Bank. Edit uRz Bookmark added Remove On December 27, legislation affecting the Paycheck Protection Program (PPP) was signed into law. Independent Bank | Personal & Business … News Read all about the revolutionary services, projects and people at Independence Bank. P: 248.737.4242, A: 8700 N. 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