SBA Releases PPP Resources Prior to Launch

Over the weekend, the SBA released new information and resources for guidance for the next round of the Paycheck Protection Program lending starting for certain lenders today. The new information include instructions for accessing the updated portal that lenders will use to submit applications and originate loans, as well as updated or new application forms [...]
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Interim Final Rule on Second Draw Loans

SMALL BUSINESS ADMINISTRATION 13 CFR Parts 120 and 121 Docket No. SBA-2021-0002 RIN 3245-AH63 Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans AGENCY: U.S. Small Business Administration. ACTION: Interim final rule. Download Now
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Interim Final Rule on PPP: Amended by Economic Aid Act

SMALL BUSINESS ADMINISTRATION 13 CFR Parts 113, 120 and 121 [Docket No. SBA-2021-0001] RIN 3245-AH62 DEPARTMENT OF THE TREASURY RIN 1505-AC74 Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act AGENCY: U. S. Small Business Administration; Department of the Treasury. ACTION: Interim final rule Download Now
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Paycheck Protection Program Guidance

PPP: Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns **The following is information release by the Small Business Administration, 1/6/2021** The Small Business Administration (SBA) is dedicated to helping sustain our nation’s small businesses and to supporting their tens of millions of employees. During these unprecedented times brought on by the [...]
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PPP Changes in Year End Stimulus Bill

By now you have heard countless reports of Congress’s passage of a comprehensive relief bill to address the ongoing economic effects of the coronavirus pandemic. The measure includes some much overdue good news for community bankers ready to buckle under the weight of PPP forgiveness efforts. And it casts a framework for continuation of PPP [...]
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PREPARING TO BANK HEMP AND MARIJUANA IN SOUTH DAKOTA Dixie K. Hieb, Partner, Davenport, Evans, Hurwitz & Smith, LLP Hemp production has been legalized under both Federal and South Dakota law, and to the surprise of many, South Dakota voters recently approved a constitutional amendment legalizing marijuana.  Bankers are already experiencing deposit-opening and loan requests [...]
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ICBA National Director Report By: Emily Hofer, ICBA National Delegate, CFO Merchants State Bank, Freeman I’m sure many of you – like me – are ready to throw away your 2020 calendars and to start a new year! Gone are the simple times of gathering with friends and family to celebrate holidays, milestones, or a [...]
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Meet the New ICBSD Chairman of the Board By: Roger Weber, Chairman of the Board, Market President, CorTrust, Bank Sioux Falls Thanks to the pandemic, the year 2020 has proven to our local communities, our great state of South Dakota and our nation the vital role independent community banks play within the economy. As we [...]
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5 Things I’m Thankful For

Megan Olson, ICBSD President and CEO
5 Things I'm Grateful For By: Megan Olson, ICBSD President & CEO In the spirit of the season, it is easy to think of all the things we are thankful for: a roof over our heads, food on the table, our health and the health of our friends and family, and the many blessings that [...]
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