Now Accepting PPP Loan Applications
Peoples Bank is now accepting Paycheck Protection Program (PPP) first and second draw loan applications, which we will begin submitting to the SBA on Tuesday, January 19, 2021.
First Draw Applications:
Businesses that did not get a PPP loan yet will be able to apply under the program requirements from earlier this year.
Second Draw Applications:
Borrowers that already received a loan in the first round of PPP financing last year are now eligible to apply for the second round of funding. Existing PPP borrowers with less than 300 employees that can show a revenue decline of at least 25% in the same quarter year-over-year may apply for a second loan of up to $2 million. To apply, please choose from the selections below.
I am a Peoples Bank customer who did not receive a first round PPP loan from any bank.
I am a Peoples Bank customer who received a first round PPP loan from Peoples Bank.
I am a Peoples Bank customer who received a first round PPP loan from another bank.
I am not a Peoples Bank customer but would like to apply for a first or second draw loan.
Proud to be a top PPP lender in Washington State
Peoples Bank is proud to have helped over 1,800 local businesses obtain over $230 million in Small Business Administration (SBA)-authorized Paycheck Protection Program (PPP) loans, which helped support an estimated 24,000 jobs in our local communities.