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Business Loans

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PPP Forgiveness Information

 
Updated 8/7/20

 

Bank of Bartlett is not currently accepting PPP forgiveness applications.


You may have seen reports that the SBA PPP Forgiveness platform opens to banks on August 10. However, there is still a great deal of optimism that a streamlined application and process will be introduced for loans less than $150,000. In order to serve you best, we believe PPP customers should wait to apply for forgiveness until final guidance is provided from the SBA.

 

What you need to know:

Bank of Bartlett intends to begin accepting PPP forgiveness applications mid-September.

Click here for the SBA newly released FAQ, dated August 4.

Download the EZ Loan application here, Download EZ Loan instructions here.


Recommended documentation:


Payroll Documentation
  • Bank account statements or third-party payroll service provider reports
  • Payroll tax forms (typically, Form 941) and state quarterly business and individual employee wage reporting
  • Statements documenting the amount of any employer contributions to employee health insurance and retirement plans included in the forgiveness amount
  • The average number of full-time equivalent employees on payroll employed on January 1, 2020 and at the end of the covered period
Non-payroll Documentation, from Feb 2020 through 1 month after the end of the covered period
  • Business mortgage interest payments
  • Business rent or lease payments
  • Business utility payments

Additional questions?
Please reach out to our PPP Forgiveness team at PPPforgiveness@bankofbartlett.com. 

We're here to help. If you need assistance, give us a call.

 
 
Every business owner we bank with says the same thing: they need their business partners to understand that it’s tough building a company, and the stakes are high.
 
We get -- because we live it. Over the last 40 years, we have built Bank of Bartlett into  the trusted financial services partner we are today.
 
We offer more than banking products and services. We understand what you need from us for your business. We are dedicated to being your reliable and trusted business partner.
 
When your business is successful, our city becomes an even greater place to live, work, play, learn, and worship. When your path to success needs a little more fuel from a loan or our credit services, we’re here.
 
We invite you to meet with one of our business banking officers for personalized attention and goal-setting that meets your business needs. We’re truly happy to help.
 
Explore our business loan options now!
 

Ignite your life goals with Bank of Bartlett.

 
 
 

Business Reserve Line of Credit

When you need extra cash fast!

Let us supply the capital you need to grow your business. Small business owners can have access to fast cast at low interest rates for working capital, emergencies, or other business expenses. Our business reserve line of credit is ideal for replacing high interest rate business credit cards.
 

Business Reserve Loan

Fast cash with a fixed rate!

Our business reserve loan allows your small business access to fast cash with quick credit approval. Pick your payment and term. This fixed rate loan is ideal for capital improvements, equipment purchases, or debt consolidation.
 

Commercial Lines of Credit

Need additional capital?

Our commercial lines of credit fund short-term operating needs allowing you more flexibility for your business. Take advantage of discounts from your suppliers, be prepared for peak seasons, or borrow when you need it without having to reapply. Both secured and unsecured options are available. A BoB business banking professional can guide you through the whole process and determine the best solutions from your business.
 

Equipment and Vehicle Loans

Need new equipment or a business vehicle?

BoB's commercial equipment loans offer competitive rates and terms and are ideal for financing business vehicles, specialty equipment, new technology, and more. Pick the term and rate that best fit your needs. A BoB business banking professional can guide you through the whole process and determine the best solutions for your business.
 

Business Purpose Home Equity Line of Credit/Loan

Up to 90% of the appraised value of your home!

BoB offers an open-end line of credit or fixed rate business loan secured by the equity in your home. This line or loan can be used for working capital, equipment purchases, debt consolidation, or even start-up funds. There are usually no closing costs or appraisal fees for loans up to $250,000 (fees may vary for higher loan amounts) and interest paid may be tax deductible (consult your tax preparer). A BoB business banking professional can guide you through the whole process and determine the best solution for your business.
 

Commercial Owner Occupied Loans and Lines of Credit

Purchase or refinance your commercial building!

BoB offers a variety of competitive loan or line of credit options to finance or refinance your commercial owner occupied building. A BoB business banking professional can guide you through the whole process and determine the best solutions for your business.
 

Commercial Investment Property Loans and Lines of Credit

Let us help you grow your portfolio!

BoB offers a variety of competitive loan or line of credit options to finance or refinance your investment properties. A BoB business banking professional can guide you through the whole process and determine the best solutions for your business.
 

Expansion Loans

Need funds for expansion and growth?

BoB expansion loans can provide the capital needed to help your business grow. These loans can provide you with the solutions your business needs for acquisition, expansion, construction, or build-outs. A BoB business banking professional can guide you through the whole process and determine the best solutions for your business.
 

Residential Development and Builder Line of Credit

Residential land development and home construction.

Our development and builder lines offer competitive solutions to help grow our community! We offer interest only payment options with a simplified draw process. A BoB business banking professional can guide you through the whole process and determine the best solutions for your project.
 

Letters of Credit

Free up cash with a letter of credit.

BoB letters of credit can be used instead of cash for a variety of purposes. Contact your BoB business banking professional to help guide you through the whole process and determine the best solutions for your business.
 

Church Loans

Is your church growing and expanding?

BoB offers loans for churches and other non-profit organizations for land purchases, constructions, expansions, or equipment purchases. A BoB business banking professional can guide you through the whole process and determine the best solutions for your organization.