Information and Application for Paycheck Protection Program
(PPP) Apply Tomorrow, April 3rd


The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
Fully Forgiven
Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.
Must Keep Employees on the Payroll—or Rehire Quickly

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.
All Small Businesses Eligible

Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible. Businesses with more than 500 employees are eligible in certain industries.
When to Apply

Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.
How to Apply

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at
The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury.
Lenders should visit or for more information
Local SBA Lenders Processing Applications

As a Top 5 national SBA lender, Byline Bank’s SBA specialists are ready to support you through the Paycheck Protection Plan loan process. The Congressional Small Business Task Force recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act includes the SBA Paycheck Protection Program (PPP) to provide quick relief for payroll costs for businesses that have been impacted by COVID-19. Byline Bank is ready to begin processing these loans.  
Byline Bank
100 Green Bay Road, Winnetka
William Leske
Officer, Branch Manager
Direct: 847.779.8470
Current Clients will have the opportunity to process applications for the Paycheck Protection Program (PPP) loans for their business beginning Friday, April 3, 2020. 
Small Business Guidance & Loan Resources; Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).If you need assistance or have questions, please contact a Relationship Banker.  
First Bank of Highland Park
1835 First Street, Highland Park,
(847) 432-7800 
We have created programs to help existing customers who are experiencing financial hardship and have existing Small Commercial Lines of Credit, Term Loans, Commercial Mortgages, and/or Small Business credit cards.

BMO Harris currently offers a Business Credit Card that offers 0% interest for the first 9 months. Businesses can apply by contacting me or any of our Relationship Bankers. (Underwriting qualification apply). This is an option if business owners are needing a 0% temporary line of credit.  I am not pushing our products, just giving you all options and information that I am aware of, and have to offer in an effort to help business owners survive our current economic time.
BMO Harris Bank                
520 Green Bay Road | Winnetka, IL 60093
Office Phone : 847-441-4814
NMLS :  427099
A Part of BMO Financial Group
Visit BMO Harris online at

As always, don't hesitate to contact us with any questions:
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