CARES Act

First PREMIER Bank

Paycheck Protection Program (PPP) Loans

Earlier this year, Congress appropriated nearly $660 billion through the CARES Act to assist small businesses, eligible organizations, and self-employed individuals amid the COVID-19 pandemic and economic downturn. Congress utilized financial institutions to distribute aid in the form of a forgivable loan program, referred to as the Paycheck Protection Program (PPP). Since its initial passage, the program has experienced several enhancements and modifications. For example, Congress passed the Paycheck Protection Program Flexibility Act in early June, which should result in a greater portion of PPP borrowers receiving full loan forgiveness. 

If you are a PPP loan recipient, First PREMIER Bank encourages you to exercise patience and wait to complete your PPP loan forgiveness application. Based on the likelihood of further legislative changes to the program, we expect greater clarity in the coming weeks and will communicate forgiveness application instructions at that time. In the interim, we remain committed to keeping you informed and will update this page as new information becomes available. Below you will find links to the most current programmatic information and application forms.

PPP Forgiveness
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Applications, Conditions and Documents

  • For U.S. Department of Treasury PPP guidance, CLICK HERE
  • For loan forgiveness information and FAQs, CLICK HERE

 

To contact a First PREMIER Business Banker, visit our team page HERE or send an email to: cares@firstpremier.com.

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. CDT Monday through Friday or email us at: pppforgiveness@firstpremier.com.

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.

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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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