1.1 Million Paycheck Protection Program Loans Forgiven so far Totaling $100 Billion+
“[This] news is a key indicator that the PPP is working for all small businesses across our Nation,” says SBA Administrator Jovita Carranza.
Finance
Northrim and Its Employees Donate More Than $785,000 in 2020
This year, the bank no only continued its traditional contributions but also saw the need to help those who were impacted by the COVID-19 pandemic.
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan.
SBA Extends COVID-19 Economic Injury Disaster Loan Application Deadline through December 2021
EIDL loan applications will continue to be accepted through December 2021, pending the availability of funds. Every eligible small business and nonprofit are encouraged to apply to get the resources they need.
Treasury and IRS Begin Delivering Second Round of Economic Impact Payments
The Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year.
Northrim Bank Celebrates 30 Years Serving Alaska
Northrim Bank opened in 1990 with $8 million in capital and 21 employees; today the bank has more than $2.1 billion in assets and more than 325 employees.