FARMINGTON HILLS, Mich., – Level One Bank, a leading community bank in Michigan, has announced it will be assisting local business owners with applying for the second round of the Small Business Administration’s Paycheck Protection Program (PPP). On Tuesday, January 19th, businesses can begin applying for PPP funds that will be available to new and existing PPP borrowers, including non-Level One Bank clients.
During round one of the PPP in 2020, Level One Bank helped more than 2,000 small businesses gain access to over $400 million in PPP loans, supporting the jobs of over 30,000 employees in Michigan.
Once again, Level One Bank will be helping local businesses secure the financial relief they need during the PPP second round. Level One Bank is encouraging clients and non-clients to apply.
“As a Michigan-based community bank with an entrepreneurial spirit, Level One Bank is committed to helping local small businesses acquire the funding they so desperately need,” said Gregory A. Wernette, EVP and Chief Lending Officer of Level One Bank. “We’re here to be a resource to our fellow entrepreneurs, helping them to withstand continuing financial challenges related to the pandemic.”
Community banks like Level One Bank played a vital role in the first round of PPP. Level One Bank’s responsiveness and relationship-driven approach to lending allows for quick decision making and providing solutions for small businesses that might otherwise be turned away by larger financial institutions.
Congress has authorized $284 million in loans for eligible small businesses during this second round of PPP. Businesses can easily apply online with Level One Bank at www.LevelOneBank.com. Additional information about the PPP can be found at www.sba.gov.
About Level One Bank
Level One Bank is a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $2.45 billion as of September 30, 2020. It operates sixteen banking centers throughout southeast Michigan and west Michigan. Level One Bank’s success has been recognized both locally and nationally as the U.S. Small Business Administration’s (SBA) “Community Lender of the Year” and “Export Finance Lender of the Year” and one of S&P Global’s Top 10 “Best-Performing Community Banks” in the
nation. Level One’s commercial division provides a menu of products including lines of credit, term loans, leases, commercial mortgages, SBA loans, export-import financing, and a full suite of treasury management and private banking services. The consumer division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity loans, auto loans, and credit card services. Level One Bank offers a variety of online banking services and a robust mobile banking application for individuals and businesses. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, visit
www.levelonebank.com.
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