The $27 billion-asset Flagstar, which has historically focused on mortgages, has made more than 3,000 PPP loans totaling $380 million. Review, approve, structure, and finalize commercial/construction real estate, equipment leasing, SBA, C&I loan documents required for all new, renewal, modification and extension loan requests. About qualifying for an SBA loan. When your business needs financing for growth and expansion, you can count on Level One Bank for flexible SBA solutions. 1 And with a servicing portfolio that exceeds $100 billion in home loans, we have the knowledge and expertise to ensure the smooth transfer of your loan. SBA 7(a) Loan Program . Among other things, this legislation opens the door to a second round of forgivable Paycheck Protection Program loans for small businesses that have been hardest hit by the coronavirus pandemic. Bank of America meets all SBA Preferred Lender Program eligibility criteria, including proficiency in processing and servicing SBA-guaranteed loans. We’ll help get you the financing you need. We offer four competitive business checking accounts to suit businesses of all sizes. Wells Fargo announced back in June 2018, that it had plans to sell all of its branches located in Michigan, Indiana, and Ohia to Flagstar Bank. Call us at (888) 248-6423 or try our online help. Data for those and cancelled loans is not included in this database. Sometimes building your business requires more than just a great plan. We’ve worked hard to establish ourselves as an SBA preferred lender. Email tips@cnn.com or, if you need to reach us securely, visit cnn.com/tips. Must be eligible under SBA guidelines. The first round of dollars from Flagstar Bank’s planned $10 ... the community who told us small businesses—especially micro-businesses—needed grant money to help them qualify for SBA loans. Additional documentation may be required to obtain SBA financing. If you have information about the Paycheck Protection Program or any of the businesses or loans in this database, we’d like to hear from you. Forgot your MyLoans username or password? (If your loan was disbursed before June 5, 2020, you can also choose an 8-week period to spend your PPP loan funds on SBA forgiveness eligible expenses.) Flagstar Bank, FSB BIBLE BAPTIST CHURCH received a Paycheck Protection Loan of $103,900 through Flagstar Bank, FSB, which was approved in May, 2020. Small Business Administration loans,1 or SBA loans, are designed with your entrepreneurial dreams in mind. At Flagstar Bank, we know that every customer is different, which is why we take a personalized approach to handling your loan. Please turn it on for the optimal experience. Features include 1,2. Loan repayment via auto-debit from a Flagstar checking account is required for all loans. NEW $5,000… Need assistance? I have information about a company or loan in this database, I’ve identified data that is wrong or outdated. Additional documentation may be required to obtain SBA financing. First Command Bank AK First Federal Savings & Loan Association of Port Angeles d/b/a First FederalAK First Federal Savings Bank of Twin Falls AK First Financial Bank, ... Flagstar Bank, FSB AL Focus Bank AL Fortis Private Bank AL Fountainhead SBF LLC AL Franklin Bank & Trust Company AL Franklin Synergy Bank … Here are the highlights and takeaways of the Payment Protection Program from Fifth Third Bank. $350K–$1M loan to UROLOGIC INSTITUTE OF THE HIGH DESERT, INC. $150K–$350K loan to ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL, $150K–$350K loan to HILLSDALE MEDICAL ASSOCIATES, PLC. If you want to determine whether a business loan is right for you, check out our Business Loan Calculator. 1Subject to credit review and approval. Talk to a small business specialist by phone or in person to get a recommendation and start your application. $150K–$350K loan to GLOBAL ENGINEERING, INC. $150K–$350K loan to MODERN BODY ENGINEERING CORPORATION. We offer a wide variety of SBA loans intended to provide cash relief and fuel the growth of your business. 2 SBA guarantee fee may be waived on certain loans. Based on standard PPP eligibility rules, Tringali Sanitation's total 2019 payroll expenses were approximately $3.47M in order to qualify for the PPP loan amount received. If you identify information that you believe to be incorrect or outdated, use this form to let us know. An agent is standing by to help with your questions. Sometimes building your business requires more than just a great plan. Because the SBA released loan amounts in ranges, date, business type, industry, state and county totals represent minimum estimates. For loans worth less than $150,000, the SBA released anonymized data by state. SBA 7(a) Loan Program is ideal for businesses that want to improve cash flow, refinance debt, fund improvements, expand their franchise, purchase machinery/equipment, finance real estate or grow their business through acquisition or expansion. The data in this database was published by the Small Business Administration (SBA) on July 6, 2020 and includes all approved, active Paycheck Protection Program (PPP) loans worth $150,000 or more. Fundera — you can sign up to begin the application process and they will submit your app to a SBA-backed bank that has to capacity to handle the loan Boefly — a little known bank backed by ConnectOne Bank in New York, which was one of the first to issue a PPP loan last Friday, is now accepting applications and has been very communicative throughout the process. However, you must have a minimum credit score of around 720 to qualify. While CNN has attempted to clean this data, it may still contain errors or duplicates. SBA Loans. UROLOGIC INSTITUTE OF THE HIGH DESERT, INC. ADVANCED DERMATOLOGY, THOMAS J. HOFFMANN, M.D., SURGICAL & MEDICAL, Data Processing, Hosting, and Related Services, Water and Sewer Line and Related Structures Construction, Electrical Contractors and Other Wiring Installation Contractors, published by the Small Business Administration (SBA) on July 6, 2020, Terms of We’ll help get you the cash you need. TO BE ELIGIBLE FOR AN SBA LOAN, YOUR BUSINESS SHOULD: Meet established lending requirements and obtain credit approval, Have a satisfactory business and personal credit history, Be profitable with sufficient cash flow to meet both your new and current financial obligations, Have adequate business income to support the term loan with no reliance on investment income, Apply for a small business loan at your local, Vision, Guiding Principles, and STAR Values, Corporate Responsibility Community Report, Flagstar Mortgage Tech Accelerator Program. The loans are to be used to pay employees and overhead and can be forgiven, entirely or in part. Unlike many other construction lending institutions, we maintain direct contact with you and the general contractor through the life of the construction funding. Condition of financing may include automatic payment deduction from Desert Community Bank checking account. Employee totals, which the SBA refers to as “jobs retained,” refers to the number of employees as reported by the borrower and may not necessarily reflect the number of workers kept employed with PPP funds. Based on standard PPP eligibility rules, BIBLE BAPTIST CHURCH's total 2019 payroll expenses were approximately $498,720 in order to qualify for the PPP loan amount received. 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