P: 614.907.7243, A: 7389 Croton Hardy Dr. Newaygo, MI 49337, A: 16030 Michigan Ave., Suite 210 Dearborn, MI 48126 P: 989.799.0720, A: 7400 Bay Road University Center, MI 48710, A: 5 Third St. For a $7 convenience charge per payment, you can make sure your loan payment is made the same business day. The Paycheck Protection Program (PPP) is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating lenders, including Bank of America, must follow. P: 231.942.7156, A: 319 E. Broadway Mt. P: 989.846.4595, A: 93 W. Fourth St., Suite D Suttons Bay, MI 49682 And I am Independent. 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. If you are not currently an Independent Bank deposit account holder but would like to apply for a Second Draw PPP … P: 616.458.7045, A: 6018 US 31 North Williamsburg, MI 49690, A: 525 N. Cleveland-Massillon Rd., Suite 101 Akron, OH 44333 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 Every bank will tell you they’re different, but at Independent Bank, we know that YOU are. 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 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. We help you discover what financial independence means to you. 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. For companies- you may need 941’s, 944’s and/or a schedule of payroll; For sole proprietors and independent contractors- 1099’s or payroll tax filings P: 616.447.0900, A: 4525 Lake Michigan Dr. Walker, MI 49534 Newaygo, MI 49337 SEE WHAT OUR RAVING FANS HAVE TO SAY: 97% of Bank Independent customers are extremely satisfied or satisfied with their banking relationship. The purpose of the PPP is to provide funds for small business owners to keep people employed by covering payroll costs through the COVID-19 economic crisis. The SBA’s late night announcement of Interim Final Rules (IFR) might very well have slipped under your radar. P: 989.635.3541, Monday - Thursday  9:00 am - 4:30 pm Friday  9:00 am - 5:00 pm, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pm Saturday  8:30 am - 12:00 pm, A: 190 W. Kipp Road Mason, MI 48854 5050 Poplar Ave. If you have one of the following accounts then please click on the button above. Independence Bank has partnered with small businesses throughout the region to help them start or grow. 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. I moved to Memphis to pursue my lifelong dream of owning a local brew pub. P: 234.815.1501, A: 3025 Boardwalk Dr., Suite 260 Ann Arbor, MI 48108 As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. We appreciate the opportunity to serve your financial needs. P: 248.539.4600, A: 6750 Cascade Road SE Grand Rapids, MI 49546 P: 810.687.6710, A: 8760 Orion Place, Suite 204 Columbus, OH 43240 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). 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. “We did far outstrip the local credit unions and regional banks in the number of loans, amount of loans and the percentage of jobs that were protected in our area,” Scott says. Learn why i-bank … Please note that Simmons Bank is continually working to update our resources as new information becomes available. The SBA updated the rules and forms for PPP loan forgiveness on January 20, 2021. As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. Ponce Bank is a U.S. Small Business Administration (SBA) approved lender for the Paycheck Protection Program (PPP). This may include differing underwriting guidelines, product features, terms, fees, and pricing. 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. Memphis, TN 38157. Try installing the Adobe Acrobat Reader plugin. The PPP is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. (This page is about PPP loans for 1099-MISC Independent Contractors. How can I apply? Please calculate your average total monthly “Payroll Costs” during the year and provide us with that number on the PPP application. The eligibility requirements are outlined for applicants on the U.S. Treasury and SBAwebsites. 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 If one of us doesn’t greet you for some reason, Murphy, our twelve-year old Maltipoo mascot, will. On Tuesday, December 1, 2020, after several months of litigation, the U.S. Small Business Administration (SBA) released detailed information on all PPP Loans, EIDL Loans, and EIDL Advances. If you received a first-round PPP loan from us, … These common lists include both regional items, priced in a specific region, as well as global items, priced in all ICP regions. If you have an auto loan with i-Bank please click on the button above. Peoples Independent Bank … 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 P: 989.879.2747, A: 11628 Bunkerhill Road Pleasant Lake, MI 49272 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). No detailed guidance regarding the applicability of the PPP Loan program to independent contractors was included in the Initial Rule. Competitive rates for oil and gas ventures; Relationship Managers who understand the oil and gas business at all levels; Repayment terms customized to meet the needs of your business We offer business checking and savings, credit cards, loans and more. Ultimately, Community First Bank funded $97 million in PPP loans. The PPP estimation process begins with the participating economies collecting prices for items chosen from a common list of precisely defined items. Then we help you get there. 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 Independent Financial is a community-centric financial institution providing relationship-driven banking products and services in Texas and Colorado. Linked web pages are not under the control of Independent Bank… PPP Loan Forgiveness Application Form 3508S Expiration Date: 10/31/2020 SBA Form 3508S (10/20) Page 1 . P: 269.569.7237, A: 1985 W. Genesee St. Lapeer, MI 48446 At Provident, banking revolves around you. Update (1/11/21): As of January 11, 2021, PPP applications are open again. PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP … If you are not currently an Independent Bank deposit account holder but would like to apply for a Second Draw PPP Loan, please contact one of our skilled i-bankers to help get you started. I am a craft brewer. borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. News Read all about the revolutionary services, projects and people at Independence Bank. The Memphis community has really been involved in promoting and supporting us, so we want you to feel just as welcome when you arrive. P: 231.995.5575, A: 201 W. Big Beaver Road Troy, MI 48084 Frequently Asked Questions about PPP Loan Forgiveness (10-13-2020). PPP L. OAN . PPP now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan. F. ORM . 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 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. Providing your insurance information by email or fax will enable us to quickly verify your insurance coverage and update our records. F. ORM . Independent Bank supports the growth of businesses in its local communities through SBA lending. Manage your finances your way. The bank decided to invest in me and the city. Independence Bank offers a wide range of services for your personal banking needs, such as free checking and savings, as well as online banking. P: 989.892.3511, Monday - Thursday  8:30 am - 5:00 pmFriday  8:30 am - 6:00 pm, A: 130 S. Bridge St. Belding, MI 48809 If the SBA contacts you, please notify your account officer at Independent Bank before providing any information, and we will assist you. P: 517.589.8222, A: 37601 W. Five Mile Road Livonia, MI 48154 If you received a first-round PPP loan from us, you should have received email instructions on what is required, but you can also see below for information on how to apply. You can apply by using the link. 3508S I. NSTRUCTIONS FOR . Independent Bank provides external links as a convenience and is not responsible for the content or security of any linked web page. SBA PPP Update. These small business loans are backed by the Small Business Administration of the federal government … 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 P: 616.735.2293, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 7:00 pmSaturday  9:00 am - 2:00 pm, A: 720 W. Shaw Howard City, MI 49329 P: 989.883.3310, Monday - Thursday  9:00 am - 4:30 pm Friday  9:00 am - 6:00 pmSaturday  9:00 am - 12:00 pm, A: 49785 Van Dyke Ave. Shelby Township, MI 48317 Sole Proprietorships, Independent Contractors, & Single Member LLCs. 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. I live in a true community and First Independence Bank made that possible. Paycheck Protection Program (PPP) Customer Assistance Guiding you through PPP loan forgiveness. For more information on PPP loans generally go here . You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508S only if the total PPP loan amount you received from your Lender was $50,000 or less. The PPP is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. I am a fast-growing startup. Hola, We’re Ponce Bank. First Independent Bank is the go-to business bank in Reno and the rest of Northern Nevada. I firmly believe that the best way to support a community is to empower and support the most disenfranchised members. PPP is targeted at small businesses, which generally means entities that have 500 or fewer employees. INTERNET EXPLORER EX AMPLE . General questions What is the Paycheck Protection Program (PPP)? You are now leaving the Independent Bank website. A. PPLICATION . First Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Second Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8 to 24 week covered period following loan disbursement: A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. P: 989.772.9405, Monday - Thursday  9:00 am - 4:30 pmFriday   9:00 am - 5:00 pm, A: 1801 S. Mission St. Mt. 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 Need help finding an Independent Bank office near you? P: 248.647.5900, A: 404 Perry Ave., Suite A Big Rapids, MI 49307 Energy Finance. 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. Ponce Bank is a U.S. Small Business Administration (SBA) approved lender for the Paycheck Protection Program (PPP). P: 517.203.3800, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 6:00 pmSaturday  9:00 am - 2:00 pm, A: 2900 West Road East Lansing, MI 48823 If you’re a sole proprietor (1099) and are interested in … Borrowers can apply for forgiveness any time up to the maturity date of the loan. Customers who participated in the Paycheck Protection Program (PPP) with Independence Bank, will be receiving important communication by email and contact from their lender regarding next steps of this … 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. You are allowed only one PPP loan. First Horizon Bank … 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). 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. PDF File. Disclaimer. P: 517.769.2200, A: 1601 Grand River Ave. Portland, MI 48875 A Paycheck Protection Program (PPP) loan is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, with $349 billion designated for PPP loans. HOW TO BOOKMARK THE PPP KNOWLEDGE CENTER. These loans enable us to provide you with the cash you need to cover payrolls, … 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. Please download the applicable documents to get started: Sole Proprietorships, Independent Contracts, & Single Member LLCs, C-Corps, S-Corps, & LLCs filing IRS form 1020. Community Engagement and Accessibility: Community bank officers are typically deeply involved in their local communities. First Independence Bank gave me my first mortgage during a time when it was nearly impossible to get a condo loan in Detroit. I served on my condo board, I’m active in my neighborhood and I help out my neighbors. P: 989.799.0070, Monday - Thursday  9:00 am - 6:00 pmFriday  9:00 am - 7:00 pmSaturday  9:00 am - 2:00 pmSunday  10:00 am - 1:00 pm, A: 3601 State St. Saginaw, MI 48602 Most rules for small and intermediate banks became effective this past October. 3. The Paycheck Protection Program (PPP) allows lenders to offer low-interest loans that may be 100% forgiven in certain circumstances. Congressional Bank is currently processing 2nd-draw Paycheck Protection Program loans for those customers who received a PPP loan from us in 2020. 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 P: 734.591.4400, A: 450 S. Dexter St. Ionia, MI 48846 Find us on: Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. Enter in the desired bookmark name and directly copy/ paste the above URL. SBA is reopening the Paycheck Protection … 3508S I. NSTRUCTIONS FOR . Avoid late fees with Independent Bank's SwiftPay. Pleasant, MI 48858, A: 3251 Henry St. Muskegon, MI 49441 Manage your finances your way. A. PPLICATION . 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. If your PPP loan amount exceeds $150,000 you must use one of the other applications either the 3508EZ or the regular 3508. P: 616.458.7045, A: 3800 Alpine Ave. NW Comstock Park, MI 49321 P: 231.796.5865, A: 4140 W. Maple Road Bloomfield Hills, MI 48301 P: 616.887.8277, A: 209 S. Main St. Standish, MI 48658 Do I still need a Schedule C? P: 989.893.4563, Monday - Friday  9:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, Monday - Thursday  8:00 am - 5:00 pmFriday  8:00 am - 6:00 pmSaturday  9:00 am - 1:00 pmSunday  10:00 am - 1:00 pm, A: 32900 Middlebelt Road Farmington Hills, MI 48334 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 First left-click on the Star symbol to open the bookmark dropdown and then left-click on More to open the full bookmark editing/ adding screen. Independent Bank is committed to helping our customers who have been negatively impacted by COVID-19. Following the release of this information, there have been a number of reported attempts to defraud companies. P: 810.224.5880, A: 1111 W. Caro Road Caro, MI 48723 Nonprofits, veterans’ organizations, and independent contractors qualify as well. SBA PPP Update. Important Alerts: PPP Loans, COVID-19, Stimulus Payments. Loans issued after June 5, 2020 have a maturity of five years. 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. 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 P: 269.763.9424, A: 32800 Southfield Road Beverly Hills, MI 48025 "I'm hopeful it goes smoother, but I think it's too early to tell," said Kessel, with Independent Bank. For more information on PPP loans generally go here) A Paycheck Protection Program (PPP) loan is part of the $2 trillion … And that is why we exist, because we know healthcare can feel daunting and hard to navigate for many business owners. Loans issued prior to June 5, 2020 have a maturity of two years. The Consumer Financial Protection Bureau (CFPB) recently announced the appointment of members to the Community Bank Advisory Council (CBAC). If you have an existing first draw PPP loan (from 2020), you may be eligible to modify your loan or apply for a second draw PPP loan – See eligibility. F. ORGIVENESS . 2. PPP 2.0 Summary. The Paycheck Protection Program (PPP) is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating banks, including Bank of America, must follow. Independent Engineer, as the Authority and/or the Concessionaire may reasonably P: 989.872.2105, Monday - Thursday  9:00 am - 4:30 pmFriday  9:00 am - 5:30 pmSaturday  9:00 am - 12:00 pm, A: 4115 17 Mile Road Cedar Springs, MI 49319 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 … Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. Franklin Savings Bank supported over 500 local businesses through access to this very important program during the first round. How many PPP loans can I take out? Find all the convenient i-bank branch locations and hours of operation here. P: 616.642.9406, A: 8880 Unionville Road Sebewaing, MI 48759 Independent Bank is honored to support local businesses, especially during these trying times. 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. Independent Bank | Personal & Business … With your days so busy and life so full, you need a bank that can keep up with the lightning pace of change. Elementary PPP calculation. ©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. Please review the qualifications and certifications on the first page of the 3508 EZ application instructions. Alert! … Get started by making a same-day, one … Pleasant, MI 48858 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 1. If you are a client that received a PPP loan and have yet to apply for … 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 For sole proprietors, independent contractors or other one person operations, the maximum possible PPP loan is $20,833. Competitive rates for the purchase, refinance, or construction of commercial properties; Available for owner-occupied or investment properties Independent Bank is a Michigan-based bank that offers loans, mortgages, personal & business banking across Grand Rapids, Bay City, Lansing & Metro Detroit. 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. Skip to content For banking operation updates by location and PPP information Our digital banking technology is fast, … Be aware the privacy policy of the site to which you are going may differ from that of Independent Bank. This page is about PPP loans for 1099 independent contractors. Overall, I'm … Funding was established to create a new SBA program called the Paycheck Protection Program (PPP… The max for PPP loans is $100,000 annualized income, so cap any net profit over $100,000 for the following steps. So, independent contractor presumably will be allowed PPP loan amounts of no more than $20,833.33 ($8,333.33 x 2.5). P: 586.731.6130, A: 525 S. State St. Sparta, MI 49345 Commercial Real Estate. Learn why i-bank … Independent contractors and self-employed individuals that have … 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 … P: 616.527.7500, Monday - Friday  8:00 am - 5:00 pmSaturday  9:00 am - 12:00 pm, A: 2593 S. Van Dyke Marlette, MI 48453 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. Edit uRz Bookmark added Remove Additional guidance and updated forms are forthcoming. Source: BI Voice of the Customer Survey "Excellent service, knowledgeable and … We’re located in the Cooper Young neighborhood, and we focus on serving craft beer and simple food. Please enter your first name below. Can't see the PDF file? Download this PDF. What is a First Draw PPP Loan? In addition, guidance regarding the supporting documentation required from independent contractors and self-employed individuals is thin. I own and operate Hammer & Ale with my father-in-law. 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: 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 Independent Bank … Linked web pages are not under the control of Independent Bank, its affiliates or subsidiaries. We thank our community members and local businesses for putting their trust in us … And I am Independent. The PPP limits total annual net earnings to $100,000. You will be able to manage your auto loan account much better. P: 248.737.4242, A: 8700 N. Second St, Brighton, 48116 P: 231.995.5565, A: 4011 Eastern Sky Dr. Traverse City, MI 49684 Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. 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. 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. First Horizon Bank and IBERIABANK, a division of First Horizon Bank, will continue to offer independent product lines for a period of time. Click “OK” to continue or “Cancel” to go back, A: 77 Monroe Center NW Grand Rapids, MI 49503 B. ORROWERS. If you are interested in applying for a loan through … Here is a directory of every Independent Bank ATM, branch, and loan office. The local and regional institutions in the area we offer business checking and savings, credit cards, and! Begins with the lightning pace of change mascot, will average monthly net profit $... 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