Nonprofits, veterans’ organizations, and independent contractors qualify as well. Pleasant, MI 48858, A: 3251 Henry St. Muskegon, MI 49441 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: 616.527.6760, Monday - Friday 9:30 am - 6:00 pmSaturday 9:30 am - 2:00 pm, A: 1090 N. 10th St., Suite 210 Kalamazoo, MI 49009 Franklin Savings Bank supported over 500 local businesses through access to this very important program during the first round. 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 P: 313.446.8670, A: 1380 W. Lake Lansing Road East Lansing, MI 48823 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: 231.652.1665, 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 We are temporarily closing our forgiveness application portal to new applications as we address the new program rules. PPP is targeted at small businesses, which generally means entities that have 500 or fewer employees. P: 248.918.5690, A: 1075 Wilcox Ave. White Cloud, MI 49349 P: 517.655.2168. 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. For more information on PPP loans generally go here) A Paycheck Protection Program (PPP) loan is part of the $2 trillion … 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. Need help finding an Independent Bank office near you? Independence Bank offers a wide range of services for your personal banking needs, such as free checking and savings, as well as online banking. The max for PPP loans is $100,000 annualized income, so cap any net profit over $100,000 for the following steps. Competitive rates for the purchase, refinance, or construction of commercial properties; Available for owner-occupied or investment properties "I'm hopeful it goes smoother, but I think it's too early to tell," said Kessel, with Independent Bank. This level of personalization will not lead to the sale of your name or leak your identity. 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: 248.737.4242, A: 8700 N. Second St, Brighton, 48116 First Horizon Bank … P: 616.887.8277, A: 209 S. Main St. Standish, MI 48658 P: 616.458.7045, A: 3800 Alpine Ave. NW Comstock Park, MI 49321 You can apply by using the link. Linked web pages are not under the control of Independent Bank… 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. Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. P: 517.769.2200, A: 1601 Grand River Ave. Portland, MI 48875 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. LET'S BANK! A. PPLICATION . 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 Memphis is a city that has a lot of grit and tenacity, and that type of environment fosters many startups and business activity. Here is a directory of every Independent Bank ATM, branch, and loan office. The SBA updated the rules and forms for PPP loan forgiveness on January 20, 2021. Here’s everything you need to know. Skip to content For banking operation updates by location and PPP information I am a craft brewer. 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 Borrowers can apply for forgiveness any time up to the maturity date of the loan. Can't see the PDF file? Disclaimer. Providing your insurance information by email or fax will enable us to quickly verify your insurance coverage and update our records. Congressional Bank is currently processing 2nd-draw Paycheck Protection Program loans for those customers who received a PPP loan from us in 2020. The eligibility requirements are outlined for applicants on the U.S. Treasury and SBAwebsites. P: 989.662.4403, Monday - Thursday 9:00 am - 4:30 pmFriday 9:00 am - 5:00 pm, Monday - Thursday 9:00 am - 5:00 pmFriday 8:30 am - 6:00 pmSaturday 9:00 am - 12:00 pm, A: 655 N. Port Crescent Bad Axe, MI 48413 Please download the applicable documents to get started: Sole Proprietorships, Independent Contracts, & Single Member LLCs, C-Corps, S-Corps, & LLCs filing IRS form 1020. 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 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 We help you discover what financial independence means to you. I live in a true community and First Independence Bank made that possible. Find all the convenient i-bank branch locations and hours of operation here. The PPP limits total annual net earnings to $100,000. Peoples Independent Bank … Additional guidance and updated forms are forthcoming. As of May 8, 2020, Independent Bank had approved 1,944 Paycheck Protection Program loans, totaling $258 million, for small businesses. 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. Independence Bank would like to personalize your banking experience. 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