How can small businesses obtain Paycheck Protection Program loans? How are 2021 PPP loans different than last year’s round of loans? And perhaps most importantly, what can small businesses do after they obtain funding to ensure PPP loan forgiveness? With a new round of PPP funding available to eligible businesses, many small businesses likely have lots of questions about how the program works.
Fortunately, we’re tackling a lot of the most common PPP questions in our latest episode of Financial Cents. In this episode, Brent Cannon is joined by John Lewis, senior vice president, business banking manager, and Laura Schaeffer, director of operations and technology, to discuss key differences between the first round of PPP funding made available in the spring of 2020 and this year’s round of funding, while delving into what we learned last year and how businesses can apply those lessons today.
“Our experience has been that, from beginning to end, it will take about a couple of weeks before a borrower sees the funds from their PPP loan in their account.” – Laura Schaeffer
As an SBA preferred lender, National Bank of Arizona has created a streamlined process that makes the application quick and simple. To get started with a PPP loan* application, eligible first- and second-time borrowers can simply go to NBAZ.com/cares to complete their online application in as few as 10 to 15 minutes.
Financial Cents is hosted by Brent Cannon and features insightful conversations with bankers at National Bank of Arizona about real-world financial topics that matter to you. Leveraging decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.