PPP 2021 - First & Second Draws

How To Apply

If you wish to begin preparing your application, you can complete the following PPP borrower application forms to apply with Pacific West Bank:

• Paycheck Protection Program First Draw Borrower Application Form DocuSign PowerForm - code: PPP2021 (updated 03-18-21)
  • Paycheck Protection Program First Draw Borrower Application Form Fillable PDF (updated 03-18-21)
• Paycheck Protection Program First Draw Borrower Application Form for Schedule C Filers Using Gross Income DocuSign PowerForm (published 03-18-21)
  • Paycheck Protection Program First Draw Borrower Application Form for Schedule C Filers Using Gross Income Fillable PDF (published 03-18-21)

• Paycheck Protection Program Second Draw Borrower Application Form  DocuSign PowerForm - code: PPP2021 (updated 03-18-21)
  • Paycheck Protection Program Second Draw Borrower Application Form Fillable PDF (updated 03-18-21)
• Paycheck Protection Program Second Draw Borrower Application Form for Schedule C Filers Using Gross Income DocuSign PowerForm (published 03-18-21)
  • Paycheck Protection Program Second Draw Borrower Application Form for Schedule C Filers Using Gross Income Fillable PDF (published 03-18-21)

Important

If you are applying for a Second Draw PPP Loan:

• When submitting your application, include a copy of your 2019 & 2020 Quarterly Profit and Loss Statements that will be used to demonstrate your 25% decrease in revenue
• If you received your first PPP loan through PWB and the average monthly payroll amount in your new application does not match the amount calculated in your first application, please provide supporting payroll statements to justify the amount on the application.
  • If the monthly payroll amount is the same as the amount used in your first application, no additional payroll documents are needed.
• If you received your first PPP loan through another bank, please provide a complete financial package to support the monthly payroll amount reported on the application.
  • Items to provide include company payroll statements, State and Federal Tax Documents (Statement 940/941), 2019 Tax Returns, et cetera.

If you did not receive a PPP Loan during the first round:

•  Please provide a complete financial package to support the monthly payroll amount reported on the application.
  • Items to provide include company payroll statements, State and Federal Tax Documents (Statement 940/941), 2019 Tax Returns, et cetera.

Complete the application and submit all supporting documentation to Pacific West Bank. Refer to the corresponding application instructions for a listing of required documentation to submit with the PPP application. You can submit via:

A. DocuSign PowerForm - Access the FIRST DRAW Application or SECOND DRAW Application to sign electronically (links above). 
B. Fillable PDF (links above) and upload to this secure ShareFile.
C. Fax the Fillable PDF (links above) to: 503-912-2091
D. Deliver the Fillable PDF to either of our branches: West Linn (2040 8th Ave) or Lake Oswego (5200 Meadows Road)

We will notify you after your application has been received and once it has been submitted to the SBA. We are continuing to monitor communication by the SBA and the US Treasury and are standing ready to help you and other qualifying Portland businesses, including non-profit organizations. Please reach out to your banker directly with any questions, email PPP2021@bankpacificwest.com, or call us at 503-905-2222.

PPP Communication from Pacific West Bank - 12/18/20, 12/28/20, 1/8/21

Supplemental Materials

• Top-line Overview of PPP First Draw Loans
• Top-line Overview of PPP Second Draw Loans
• How to Calculate First Draw PPP Loan Amounts and What Documentation to Provide - by business type (updated 03-12-21)
• Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (updated 03-12-21)
• Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns (1/6/2021)
• Frequently Asked Questions for Lenders and Borrowers (updated 03-12-21)
• Frequently Asked Questions for Faith-Based Organizations Participating in the Paycheck Protection Program and Economic Injury Disaster Loan Program
• PPP Myth vs. Fact
  

Interim Final Rules

• Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act (1/6/2021)
• Interim Final Rule on Second Draw Loans (1/6/2021)

NOTE: The information provided is based on the US Small Business Administration current guidelines and Application for the Paycheck Protection Program (“PPP”). The SBA and/or Treasury may issue additional guidance regarding PPP Loans. The information on this page and in other communications with our PPP clients represents our understanding of the current requirements and regulations. The Application and Guidance are subject to supplemental information provided by the SBA. You are responsible for determining eligibility for the PPP loan , filling out the Loan Application and providing true and correct information.