We are very pleased to help you with your Paycheck Protection Program (PPP) loan. We understand that for many small business owners, including those in the hardest hit communities, that all of the different guidelines and processes from the U.S. Small Business Administration can be very confusing and hard to keep up with over time.
Since January 11 when we began accepting applications for this latest round of PPP loans, we have received many smart questions from our small business clients who are trying to apply for a loan. Generally speaking, the issues they have fall into two categories – a need for access to a computer or a need for greater assistance or more information on this complicated process. We are committed to helping you through this process if your organization qualifies for a loan.
Please note that this additional assistance should not be construed as financial, accounting or legal advice. In making your decision to apply for this latest round of PPP, please consult with your legal, tax, accounting, or financial advisors, as necessary.
One of the great benefits of being a community bank is we have branches close by that can be utilized to help our clients with whatever they need. In this case, we have set aside space for a PPP Center in certain branches in communities where we have received most of our requests for additional support. A list of PPP Center locations and the hours is below. Please note that in some cases the open hours of the PPP Center are different from the hours of the branches.
As part of this service to our clients, we will have dedicated bankers in each PPP Center during the open hours to answer questions that could arise as clients fill out the application via our online portal.
Available Monday, Wednesday, and Thursday from 9 AM - 11 AM.
Now through Friday, April 30, 2021, dependent upon funds remaining available.
1800 Blue Island Ave.
Beverly Bank & Trust
10258 S. Western Ave.
Hanover Park Community Bank
6800 Barrington Rd.
Hanover Park IL
Waukegan Community Bank
2634 Grand Ave.
Elgin State Bank
50 Tyler Creek Plaza
Markham Bank & Trust
3120 W. 159th St.
Proviso Community Bank
1111 Madison St.
140 South 1st St.
Prior to coming to a PPP Center at a branch location, clients should complete the following steps to the best of their ability and bring the following information:
The Department of Treasury and the SBA have dedicated pages to the PPP program. We hope many answers to your questions can be found there.
In addition to the government resources above, we have created a video with important information on the application process including borrower qualification standards, loan application necessities and documentation details.
If you qualify as either a first-time borrower or second-time borrower, you will need to compile the following information to make your loan application to the SBA: