CONTENTSTART
The Senate recently passed a bill extending the deadline for PPP applications. New applications will be accepted by the SBA until May 31, 2021, after which the SBA will be allowed 30 days (until June 30) to process any outstanding loans that have been submitted. The measure is awaiting the President’s signature.

Note that all PPP applications have been revised for first-draw borrowers and second-draw borrowers, which now includes a separate application for Schedule C filers.

Please be aware that North Shore Bank is not able to process requests for the SBA’s Restaurant Revitalization Fund. Businesses may apply directly with the SBA. We encourage you to view WKOW’s news story shared by the Wisconsin Banker’s Association.
PPP2 Application & Resources for First Draw Borrowers
  1. Complete and print Form 2483 Borrower Application or Form 2483-C Borrower Application for Schedule C Filers.
  2. Sign your completed form. Once signed, you will need to scan the form and submit electronically with your supporting documents
  3. View the additional documentation for your application
  4. Submit your completed form and supporting documents securely to North Shore Bank
SBA Application Forms and Instructions
PPP2 Application & Resources for Second Draw Borrowers
  1. Complete and print Form 2483-SD Borrower Application or Form 2483-SD-C Borrower Application for Schedule C Filers.  
  2. Sign your completed form. Once signed, you will need to scan the form and submit it electronically with your supporting documents
  3. View the additional documentation for your application
  4. Submit your completed form and supporting documents securely to North Shore Bank
SBA Application Forms and Instructions
Completed applications will be processed in the order they are received as an existing North Shore Bank customer.

After submitting your application, you will receive an automatic email confirming receipt of your documents. Please do not reply to this email. An assigned North Shore Bank lender will follow up with you if there are additional questions or if something is missing from the request. All applications are subject to review based on the guidelines set by the SBA and North Shore Bank.

Once we have all completed documents, North Shore Bank will underwrite your request. If approved, the bank will then submit your information to the SBA, who will review, approve and assign you a loan number. No loans will be funded until the final approval is received from the SBA.
 
At this time, due to the high volume of interest, North Shore Bank will only offer PPP loans to existing business customers who have an established their banking relationship with the bank  prior to January 1, 2021. 

We appreciate your patience, as we anticipate a large volume of requests for the use of this program. Know that North Shore Bank understands the challenges caused by the COVID-19 virus and we are here to help.

Paycheck Protection Program Details

The Paycheck Protection Program is implemented by the Small Business Administration with support from the U.S. Department of Treasury. Refer to the SBA FAQs for Second Draw PPP Loans and the SBA FAQ for PPP Loans dated March 2021.

Still have questions?

Contact us with additional questions: Email | 877-672-2265
CONTENTEND