Paycheck Protection Program (PPP)

First PREMIER Bank

Application and forgiveness information

Businesses impacted by COVID-19 may be eligible for either “First Draw” or “Second Draw” Paycheck Protection Program (PPP) Loans. First Draw Loans are available to businesses that have not previously received a PPP Loan, while Second Draw Loans were recently authorized for businesses that:

-Have previously received a PPP Loan and will or have used the full amount only for authorized uses.

-Have no more than 300 employees.

-Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.


First PREMIER Bank is prepared to assist you through the process and has provided both First Draw and Second Draw applications, instructions and guidance for your convenience. The last day to apply for and receive a PPP loan is March 31, 2021.


PPP Forgiveness Update - On January 19, 2021, the Small Business Administration published revised forgiveness applications, instructions and guidance. Included within this release was a simplified one-page, forgiveness application for existing PPP borrowers with loans of $150,000 or less. See PPP Forgiveness information provided below – scroll to bottom left of this page.


Thank you for the opportunity to serve you, your business and your employees.

Click Here for Second Draw Guidance
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PPP First and Second Draw Instructions

Borrowers who have already received a PPP Loan may be eligible for a Second Draw PPP Loan. To learn more, please review the following information:

  • If you would like to apply for your first PPP loan or amend an existing PPP loan, CLICK HERE
  • For PPP Second Draw Guidance, CLICK HERE 
  • For PPP Second Draw Borrower Application Form, CLICK HERE
woman and man looking at blueprints

PPP Loan Forgiveness

As of January 19, 2021, a simplified forgiveness form is now available for borrowers who received a PPP loan of $150,000 or less in 2020. Forgiveness information, application forms and instructions for all borrowers can be found by clicking the green PPP Forgiveness link below.

For borrowers that received a PPP loan (originated in 2020) in an amount greater than $150,000, see First PREMIER Bank PPP Forgiveness Checklist.

For additional guidance related to PPP Forgiveness, contact your banker or one of our PPP specialists at 800-581-1304 between 8 a.m. and 5 p.m. CT Monday through Friday or email us at: pppforgiveness@firstpremier.com. For a listing of First PREMIER Business Bankers, please CLICK HERE.

Click Here for PPP Forgiveness

SBAExpress, 7(a) and More

Fund growth with short-or-long-term, fixed or variable rate, secured or unsecured loans with great rates and terms. Qualified businesses enjoy no minimums and no prepayment penalties on loan amounts up to $5 million. Speak to a loan officer for more information.

SBA 504 Loans

Great for businesses interested in purchasing commercial real estate, refinancing and/or extracting equity from owned real estate. Low down payments preserve working capital.  Available funds support operation and investment back into your business. Find out more today. 

Speak to a Loan Officer Today

We can help you navigate the complicated lending landscape, find competitive loan products and help you apply. Click below to contact a loan officer near you.

A Proud Supporter of Business & Community

Serving Small Businesses

 

  • Attorneys, Accountants
  • Construction Firms
  • Consulting Practices
  • Independent Contractors
  • Medical and Dental Practices
  • Manufacturers
  • Retailers
  • Service businesses
  • Restaurants
  • And more
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Disclosure

{1} SBA loans are backed by the U.S. Small Business Administration.

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