Effective April 20, 2020
In anticipation of additional funds being allocated, we are pleased to announce that First Bank will once again accept applications for the SBA Paycheck Protection Program loans. At this time, applications are being accepted for current clients. The application can be found below along with guidance for best practices, checklists and FAQs.
Please work directly with your banker regarding any questions you may have when completing the application. If you are unsure of how to reach your banker, please call our main number at 847-432-7800 and our team will gladly assist you.
Once your banker has received the application, the review and processing of the application will begin. Like all banks, we are still waiting on critical guidance from the SBA and we may determine that additional information is required to complete the application. Your banker will be in touch with you throughout the process and keep you informed on the status of your application.
CARES Act - Paycheck Protection Program (PPP)
The SBA and Department of the Treasury recently released information regarding the application process for disaster relief loans. Please note, the application and documentation checklist are provided for guidance purposes and we may be required to request additional information not currently listed.
As we wait for the SBA to provide us with finalized documentation requirements, we highly encourage you to begin gathering the necessary documents currently outlined to ensure you have everything needed, complete a draft of the application and be prepared to submit all paperwork once the SBA requirements are finalized.
We kindly ask for your patience as we work together to provide relief loans for your business through this new application process.