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Apr 06, 2020 · We are starting to see some of the documentation that banks require to apply for the Paycheck Protection Program (PPP) loans. As expected some of the documentation may lead you to qualify for a much lower number than is allowed by the law and can be substantial.

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Thank you for your interest in the Small Business Administration (SBA) Paycheck Protection Program (PPP). New federal legislation has extended the SBA deadline to approve new PPP loan applications from March 31, 2021 to May 31, 2021, or sooner if funding runs out. Bank of San Francisco Steps Up for the Bay Area, Preserves 13,000+ Jobs, Secures $180 Million in PPP Loan Funding, Protects Dozens of Iconic Bay Area Businesses and Nonprofits Outperforming Many Other Banks with Larger Asset Bases, Bank of San Francisco Team Acted Early and Aggressively, Leveraging SBA-Preferred Lender Status

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Jan 29, 2021 · The Second Draw PPP loan video section contains videos that pertain to applicants that did receive a PPP loan for their business in any of the previous rounds of funding. For applicants seeking to apply for an increase of an existing PPP loan, the “Eligibility, Loan Increase, Loan Terms” video in the First Draw PPP Loan section includes ... But a provision of the funding makes it a little easier for the smallest companies to get ahead. Of the $310 billion, $30 billion will go to financial institutions with $50 billion to $10 billion in assets, and $30 billion would go to those with less than $10 billion in assets, which means there’s a total of $60 billion reserved specifically ...

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Apr 27, 2021 · At March 31, 2021 the bank acquired $60.0 million in low cost brokered deposits to partially fund PPP loans and pay down advances from the Federal Home Loan Bank.