SBA Paycheck Protection Program Loan

Overview

In 2020, the world was impacted by the Coronavirus pandemic. During this time the Small Business Administration (SBA) and the U.S. Department of the Treasury, responded to the economic crisis by implementing the Paycheck Protection Program under the CARES Act to provide small businesses with funds to support employers, their employees and communities.

From the inception of this program, Jellum Law was front and center to assist lenders with implementation of the program, guidance on the governing regulations and providing support to fund the large volumes of loans for all sizes of financial institutions.

Hear what clients are saying about the expertise provided during the Paycheck Protection Program:

“Jellum Law has been instrumental in helping our SBA Division become one of the top 10 lenders in MN. Their service is top notch and they are highly reliable. I truly appreciate having them as a trusted partner on our team.” – Manager of SBA Lending, Falcon National Bank

“The wonderful folks at Jellum Law have been extremely valued partners and service providers in the handling of all facets of our SBA Lending processes. We rely upon the guidance, feedback and interpretation of SBA procedures, IFR’s, and program updates that we receive from Jellum Law’s experienced staff. Their knowledge of all SBA lending programs and SOP’s is second to none. Jellum also provided wonderful service as part of our tremendous success with the PPP Program for our clients!” – Rick Zonts, Blackhawk Bank

“As always, working with Nick Jellum and team throughout the SBA PPP process was a pleasure. We received sound advice, prompt responses, and first-class service. Nick’s SBA knowledge is second to none and he helped us gain a solid understanding of the confusing and ever-changing PPP process. By closely working with Jellum Law, we were able to better service our clients.” – Mike Kapps, Tradition Capital Bank

“During the sudden onset of the CARES Act, we like most of our fellow bankers were charged with learning everything we could about the Paycheck Protection Program. Our concerns were understanding the program, setting expectations and efficiently processing applications for our customers all while protecting the bank. We turned to you for our answers. Your team helped us design our process from application to loan docs. The result was a seamlessly smooth process for our customers & staff and the processing of over 300 applications in less than 60 days! Thank you for your guidance, advise and for exceeding our expectations. We truly value our relationship with your firm. Thank you for your expert consulting and over the top service.” – Troy Weathers, Roundbank

“Without the team at Jellum Law, our bank would not have handled these PPP loans as smoothly as we did!! The Jellum team is so knowledgeable about PPP and all things related to SBA lending.” – Tanya Strasser, Roundbank

For more information on the Paycheck Protection Program, please visit:

• Small Business Administration SBA
• U.S. Department of the Treasury

Access the Communications from Jellum Law Regarding Implementation of the CARES Act:

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