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SBA Relief Loan Guidance and Resources

As of April 8, 2020
As a steadfast business bank, Parkside Financial Bank & Trust is proud to help your business solve challenges, maximize opportunities, reach goals and, during these unprecedented times, weather the storm. Local businesses are experiencing a direct impact, and we are prepared to work with Parkside clients to provide relief and funding to help keep businesses operating smoothly, and ensure they are financially prepared to continue serving the communities and industries that depend on them.
 
The Coronavirus Aid, Relief and Economic Security Act, “CARES Act,” contains a provision for Small Business Administration, “SBA,” loans to businesses meeting certain qualifications, and includes loan forgiveness and payment deferral relief options. Of the $2 trillion stimulus package, approximately $350 billion is allocated to expanding SBA offerings. To best serve you, Parkside partnered with industry experts including Fountainhead Commercial Capital and local SBA Lending Specialist, Gay Schwer.

Together with our dedicated Parkside team, they will ensure our clients:
•understand and apply for the most appropriate relief opportunities for their business,
•receive the government assistance as quickly as possible, and
•receive the support and high-touch service they deserve.
 
Gay Schwer – SBA Lending Specialist
Gay Schwer has worked in commercial lending since 1986 and specialized in SBA lending since 1988. She has filled roles as a payment processor, credit analyst, servicing manager and loan originator, primarily for 7(a) and 504 lending, but also USDA‘s B&I program. She has also worked in contracting management positions for the SBA and FDIC. Gay has a long-term relationship with Fountainhead Capital Partners. Her expertise will be a valuable resource in helping our clients navigate the complex application processes.

Fountainhead Commercial Capital
As a national, non-bank, direct commercial lender, Fountainhead Commercial Capital specializes in helping owners of small to midsize businesses finance their growth through loan programs. Fountainhead is one of only 14 non-bank lenders licensed to make SBA relief loans. We are utilizing their access, speed, specialization and expertise to ensure your application is processed correctly, and your business receives funds as quickly as possible.

What to do if...

I am unsure what SBA loan resources best suit my business:
Your Parkside commercial banking officer is ready to work with you and our expert consultant, Gay
Schwer, to determine what relief your business is eligible for, and what programs are most
beneficial to you.
Contact your commercial banking officer to schedule an opportunity to discuss your business with
Gay directly. Together, we will decide what you should apply for: the Paycheck Protection Plan or
the Economic Injury Disaster Loans, or both.

 

I am ready to apply for the Paycheck Protection Program:
Parkside clients can submit a preliminary application through our approved partner, Fountainhead Commercial Capital.   

Please use our partner link by clicking Apply for the PPP below. 
Should you require it, our Partner ID is 13709.  

Step 1: Complete the quick Fountainhead application to be in the queue for processing. 
Step 2: You will receive email confirmation of receipt, along with additional details about the loan process and required documentation. Please forward the email confirmation receipt to your Parkside commercial banking officer.  
Step 3:  Once your preliminary application has been processed, you will be provided access to a secure portal to upload required documentation including the SBA application.  Please be patient as you await portal access.  In the meantime, begin gathering the documents typically required to complete the application.  Download the list here or via the link at the bottom of this page.  
Step 4: Upload all required documentation and the complete SBA application to your portal.  Please forward a copy of the completed SBA Application to your Parkside commercial banking officer. Once all documents are submitted in good order and received by a processor, it is Fountainhead’s goal to approve and fund within a few days.

Parkside will serve as a resource to answer questions and ensure your application is processed correctly and efficiently.

 

I am ready to apply for an Economic Injury Disaster Loan:
The SBA is accepting applications for Economic Injury Disaster Loans.  Our expert consultant, Gay Schwer, is qualified and ready to help you navigate the application process.  Please contact your commercial banking officer to schedule a meeting with Gay.

  
As you prepare you PPP application, please collect the information included on the checklist below.

 
 
 
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