You should carefully evaluate your particular circumstances to determine if utilizing the full available 24-week period would be beneficial to you in maximizing your loan forgiveness. Here are the highlights and takeaways of the Payment Protection Program from Fifth Third Bank. Coordinate and facilitate simultaneous loan closings with bank partners and borrowers ... Business Banking Group Manager at Flagstar Bank. Based on standard PPP eligibility rules, BIBLE BAPTIST CHURCH's total 2019 payroll expenses were approximately $498,720 in order to qualify for the PPP loan amount received. Fundera — you can sign up to begin the application process and they will submit your app to a SBA-backed bank that has to capacity to handle the loan Boefly — a little known bank backed by ConnectOne Bank in New York, which was one of the first to issue a PPP loan last Friday, is now accepting applications and has been very communicative throughout the process. Our site relies on JavaScript to function correctly. Dollar amounts represent loan amounts approved by lenders and not necessarily the amount of money disbursed to businesses. Need assistance? Less money down (up to 90% financing) Longer loan payback time (up to 25 year terms) Possibility of no balloon payments; fully amortized loans 1Subject to credit review and approval. An agent is standing by to help with your questions. Do you have information about the Paycheck Protection Program or any of the businesses or loans in this database? The CARES Act and SBA Paycheck Protection Program help small businesses seek economic support from the COVID-19 pandemic. However, you must have a minimum credit score of around 720 to qualify. Sometimes building your business requires more than just a great plan. We’ll help get you the financing you need. NEW $5,000… Tringali Sanitation in Troy, MI received a Paycheck Protection Loan of $723,500 through FLAGSTAR BANK, FSB, which was approved in April, 2020. Wells Fargo announced back in June 2018, that it had plans to sell all of its branches located in Michigan, Indiana, and Ohia to Flagstar Bank. The first round of dollars from Flagstar Bank’s planned $10 ... the community who told us small businesses—especially micro-businesses—needed grant money to help them qualify for SBA loans. Small Business Administration loans, 1 or SBA loans, are designed with your entrepreneurial dreams in mind. Within this Act, the government authorized the Small Business Administration (SBA) to back Paycheck Protection Program (PPP) loans through local lenders. Wells Fargo is an SBA preferred lender and offers SBA loans nationwide – making it one of the best for small businesses. Employee totals, which the SBA refers to as “jobs retained,” refers to the number of employees as reported by the borrower and may not necessarily reflect the number of workers kept employed with PPP funds. The loans are to be used to pay employees and overhead and can be forgiven, entirely or in part. UROLOGIC INSTITUTE OF THE HIGH DESERT, INC. ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL, Data Processing, Hosting, and Related Services, Water and Sewer Line and Related Structures Construction, Electrical Contractors and Other Wiring Installation Contractors, published by the Small Business Administration (SBA) on July 6, 2020, Terms of We offer four competitive business checking accounts to suit businesses of all sizes. The loans can be forgiven if a business maintains its payroll for eight weeks at employees’ regular salary levels and uses the loan proceeds for qualifying purposes. We’ve worked hard to establish ourselves as an SBA preferred lender. Sometimes building your business requires more than just a great plan. At Flagstar Bank, we know that every customer is different, which is why we take a personalized approach to handling your loan. Unlike many other construction lending institutions, we maintain direct contact with you and the general contractor through the life of the construction funding. Must be eligible under SBA guidelines. Because the SBA released loan amounts in ranges, date, business type, industry, state and county totals represent minimum estimates. We offer a wide variety of SBA loans intended to provide cash relief and fuel the growth of your business. I have information about a company or loan in this database, I’ve identified data that is wrong or outdated. Review, approve, structure, and finalize commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests. Review, approve, structure, and finalize commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests. Forgot your MyLoans username or password? Data for those and cancelled loans is not included in this database. $150K–$350K loan to GLOBAL ENGINEERING, INC. $150K–$350K loan to MODERN BODY ENGINEERING CORPORATION. Use, $1M–$2M loan to JAMBOOR MEDICAL CORPORATION. Email tips@cnn.com or, if you need to reach us securely, visit cnn.com/tips. Additional documentation may be required to obtain SBA financing. TO BE ELIGIBLE FOR AN SBA LOAN, YOUR BUSINESS SHOULD: Meet established lending requirements and obtain credit approval, Have a satisfactory business and personal credit history, Be profitable with sufficient cash flow to meet both your new and current financial obligations, Have adequate business income to support the term loan with no reliance on investment income, Apply for a small business loan at your local, Vision, Guiding Principles, and STAR Values, Corporate Responsibility Community Report, Flagstar Mortgage Tech Accelerator Program. Loan repayment via auto-debit from a Flagstar checking account is required for all loans. Our bankers are here to provide superior customer service—whether at a branch, online, or over the phone. SBA Loans. Warning: you have JavaScript turned off in your web browser. About qualifying for an SBA loan. We’ll help get you the cash you need. 1 And with a servicing portfolio that exceeds $100 billion in home loans, we have the knowledge and expertise to ensure the smooth transfer of your loan. For loans worth less than $150,000, the SBA released anonymized data by state. Supported by the U.S. Small Business Administration, this small business loan is a more accessible option to get the capital you need and put your plans into motion. Flagstar Bank, FSB BIBLE BAPTIST CHURCH received a Paycheck Protection Loan of $103,900 through Flagstar Bank, FSB, which was approved in May, 2020. First Command Bank AK First Federal Savings & Loan Association of Port Angeles d/b/a First FederalAK First Federal Savings Bank of Twin Falls AK First Financial Bank, ... Flagstar Bank, FSB AL Focus Bank AL Fortis Private Bank AL Fountainhead SBF LLC AL Franklin Bank & Trust Company AL Franklin Synergy Bank … Among other things, this legislation opens the door to a second round of forgivable Paycheck Protection Program loans for small businesses that have been hardest hit by the coronavirus pandemic. Please turn it on for the optimal experience. $350K–$1M loan to HENNESSEY ENGINEERS, INC. $150K–$350K loan to COM SPEC INTERNATIONAL, INC. $1M–$2M loan to ATSALIS BROTHERS PAINTING CO, $350K–$1M loan to JOSHUA GRADING & EXCAVATING, INC, $150K–$350K loan to ATSALIS BROTHERS CONSTRUCTION CO, $350K–$1M loan to FAITH ELECTRIC AND GENERAL BUILDING CON, $150K–$350K loan to J&P ELECTRICAL COMPANY LLC, $150K–$350K loan to BRENTWOOD ELECTRIC LLC, $150K–$350K loan to CHAPPLE ELECTRIC SERVICES, $150K–$350K loan to RJ KARASEK CONCRETE CONTRACTORS INC, $150K–$350K loan to SPECTRUM CONSTRUCTION SERVICES, INC, $150K–$350K loan to SEBESTA BROTHERS ELECTRIC INC. $150K–$350K loan to SOUTHFIELD GRAND HOSPITALITY, INC. $150K–$350K loan to CANTON VALUE HOSPITALITY INC, $150K–$350K loan to NAMOU HOTEL GROUP, INC. $150K–$350K loan to WOODHEAVEN ENTERPRISES, INC. $5M–$10M loan to EASTER SEALS-MICHINGA INC, $150K–$350K loan to DETROIT MANAGEMENT CORP, $350K–$1M loan to INDIANA REFRACTORIES INC. $150K–$350K loan to LOERA RESTAURANTS INC. $150K–$350K loan to FRIENDS INC/DELS FOOD BARSTOW INC, $150K–$350K loan to CARPINOI FAMILY RESTAURANT, INC. $150K–$350K loan to STEER 'N STEIN VICTORVILLE INC. $350K–$1M loan to ROLLING IN THE DOUGH, INC, $2M–$5M loan to COMMONWEALTH BLUE RIBBON RESTAURANTS, $350K–$1M loan to BRUNDIDGE MANAGEMENT CORPORATION. If you want to determine whether a business loan is right for you, check out our Business Loan Calculator. Flagstar Bank A professional loan will allow you to get financial support of up to $840,000 with no PMI and down payment. 65 April 14, 2020: $350K–$1M Flagstar Bank, FSB: $150K–$350K loan to ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL With our bankers on your side, we can create personalized SBA loan solutions for growing businesses looking to acquire and/or renovate owner-occupied real estate and equipment, augment working capital, finance receivables, consolidate debt, and more—with possible longer repayment terms and a lower monthly payment. SBA Preferred Lender offering a full array of SBA 7(a) and 504 loans. There are no agents available to chat at this time. We're also a leader in the servicing business-recognized by Fannie Mae as a STAR performer four years in a row. Financing that’s tailor-made for smaller businesses. If you identify information that you believe to be incorrect or outdated, let us know. Must be eligible under SBA guidelines. Customers also notes that if you have an existing SBA loan, the SBA will cover the next six months of principal and interest starting April 2020 (for 7A and 504 loans.) Email tips@cnn.com or, if you need to reach us securely, visit cnn.com/tips. Sources: Small Business Administration, US Census Bureau, Internal Revenue Service, Bureau of Labor Statistics, Professional, Scientific, and Technical Services, Administrative and Support and Waste Management and Remediation Services, Other Services (except Public Administration), By submitting your information, including your name and any other personal information, you agree to, Offices of Physicians (except Mental Health Specialists). Small Business Administration (SBA) Loans. 2 SBA guarantee fee may be waived on certain loans. To learn more about how Comerica can help you grow your business, contact one of our SBA loan officers. Talk to a small business specialist by phone or in person to get a recommendation and start your application. Receive assistance from our customer support center, Find answers to questions, important forms, and additional methods to contact us, Official banking and mortgage partner of the Detroit Pistons, Small Business Administration Loans (SBA Loans). $350K–$1M loan to UROLOGIC INSTITUTE OF THE HIGH DESERT, INC. $150K–$350K loan to ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL, $150K–$350K loan to HILLSDALE MEDICAL ASSOCIATES, PLC. Bank of America meets all SBA Preferred Lender Program eligibility criteria, including proficiency in processing and servicing SBA-guaranteed loans. Flagstar Bank’s Black, Indigenous, and People of Color Grant Ampac Business Capital is partnering with Flagstar Bank to provide $5,000 grants to small businesses in Riverside County, California. Additional documentation may be required to obtain SBA financing. To display the tile again, open the settings section at the top of the page. In fact, shifts by retail-focused regionals like Flagstar could be the bigger threat to banks that are already involved in SBA lending. When your business needs financing for growth and expansion, you can count on Level One Bank for flexible SBA solutions. This data represents about 13% of the 4.8 million loans and about 73% of the $521 billion approved under the PPP to date. If you have information about the Paycheck Protection Program or any of the businesses or loans in this database, we’d like to hear from you. We’d like to hear from you. The $27 billion-asset Flagstar, which has historically focused on mortgages, has made more than 3,000 PPP loans totaling $380 million. Supported by the U.S. Small Business Administration, this small business loan is a more accessible option to get the capital you need and put your plans into motion. May provide smaller down payment requirements than conventional financing, No prepayment penalties for loans under 15 years, Lower monthly payments with terms up to 25 years, Higher loan-to-value ratios may be available, Fees may include annual line fee (applies to line of credit only), SBA packaging fee, and/or SBA guarantee fee (may be waived on certain loans). On December 21, 2020, Congress passed the Consolidated Appropriations Act to provide emergency financial assistance for American workers and small businesses, and on December 27, it was signed into law. Condition of financing may include automatic payment deduction from Desert Community Bank checking account. Small Business Administration loans,1 or SBA loans, are designed with your entrepreneurial dreams in mind. If you identify information that you believe to be incorrect or outdated, use this form to let us know. While CNN has attempted to clean this data, it may still contain errors or duplicates. The data in this database was published by the Small Business Administration (SBA) on July 6, 2020 and includes all approved, active Paycheck Protection Program (PPP) loans worth $150,000 or more. Based on standard PPP eligibility rules, Tringali Sanitation's total 2019 payroll expenses were approximately $3.47M in order to qualify for the PPP loan amount received. (If your loan was disbursed before June 5, 2020, you can also choose an 8-week period to spend your PPP loan funds on SBA forgiveness eligible expenses.) 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