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The SBA announced a they will resume accepting applications from participating lenders for the Paycheck Protection Program. Beginning today, January 19, 2021, Blackhawk Bank & Trust is able to submit Draw #1 and Draw #2 PPP requests for current BHB&T customers. Below you will find the links to the applications, as well as overviews of the programs. As, always if you have any questions, please reach out to your lender, or the Bank with any questions.
Draw #1 Application
First Draw Loans Overview
How to calculate maximum loan amounts for first draw PPP loans and what documentation to provide
Draw #2 Application
Second Draw Loans Overview
How to calculate revenue reduction and maximum loan amounts
As an SBA Preferred Lender we are continuing to learn all the details in an effort to be ready to support our customers during this time of need. We encourage our customers to keep checking our websites along with the Small Business Association website.
SBA.GOV
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