IMPORTANT UPDATES ON CARES ACT – NEW INFORMATION, APPLICATIONS OPEN TODAY, APRIL 3RD
The Magnolia Chamber of Commerce has been using our website, emails and social media to connect our small businesses members with resources related to the CARES Act and the Small Business Administration (SBA) loan and grant relief programs during this difficult time.
Please note that as of Thursday, April 2nd, SBA has finalized guidance for the highly anticipated Paycheck Protection Program (PPP). Although the early release of documents from the U.S. Treasury states that applications open TODAY – April 3, please note that SBA lenders are receiving this information at the same time. As such, many of the SBA lenders (shareable PDF attached), may not be able to answer questions and immediately accept their first applications as of tomorrow.
Just updated on the website are new financing pages that link from www.sba.gov/coronavirus. As you can see from the screenshot below, it’s a nice summary of funding options. Because there are so many moving parts, many are recommending the directing applicants to www.sba.gov/coronavirus any new info will link up from there. We also strongly encourage you to contact your banker.
PARTICIPATING BANKS
Magnolia Chamber of Commerce members
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Key Bank National Association 1301 Fifth Ave., 24th floor Carrie Callaway Cardy | (425) 208-1098 | carrie_callaway_cardy@keybank.com
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US Bank | Brenda Brown-Wright (253) 859-7141 | brenda.brownwright@usbank.com Allison Mann | (425) 637-2498 | allison.mann1@usbank.com
Other Seattle banks
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Bank of the West | 1191 Second Ave., suite 120 | Robert Barr | (206) 496-3130 | robert.barr@bankofthewest.com
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Banner Bank | 1000 Second Ave., suite 1580 | Robin Dode | (425) 318-0329 | robin.dode@bannerbank.com
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Business Impact NW | 1437 S. Jackson | Roland Chaiton | (206) 324-4330 x111 | rolandc@businessimpactnw.org
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Columbia Bank | Scott Bossom | (503) 279-3184 | sbossom@columbiabank.com
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First Interstate Bank | 600 University St. Donna Bowlby (206) 757-2974 | donna.bowlby@fib.com
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First Sound Bank | 925 Fourth Ave., suite 2350 Steven Evans | (206) 436-2055 | sevans@firstsoundbank.com
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HomeStreet Bank | 601 Union St. | (206) 254-7280 | sba@homestreet.com
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JPMorgan Chase Bank | 1301 Second Ave., 25th floor Yana Rogers | (206) 919-8822 | yana.rogers@chase.com
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Mountain Pacific Bank | 2244 NW 56th St. | Dave Bruder (206) 397-1241 | dbruder@mp.bank Greg Swanson (206) 397-1241 | gswanson@mp.bank
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NDC Grow America Fund 1218 Third Ave., suite 1403 Sheldon Bartel | (614) 499-0476 | sbartel@ndconline.org
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SaviBank | Dean Watanabe (503) 307-9148 | dwatanabe@savibank.com
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Charles Wheaton | (425) 227-4714 | charles.wheaton@usbank.com
All Washington State banks – PDF
