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Resources for Business

Small Business Administration Partner

We proudly partner with the Small Business Administration (SBA) to provide loans that can help small businesses overcome the barriers associated with starting or maintaining a business, and navigating through challenges. We offer links below that will take you directly to resources provided on the SBA website.

PPP Loan Forgiveness

  • Forgiveness: In order to be eligible for the maximum amount of forgiveness, you must use at least 60% of the loan funds on payroll costs, as defined by the Treasury Department and the Small Business Administration, and not more than 40% on non-payroll costs determined to be eligible by the Small Business Administration. Factors such as reductions in salary and wages or Full-Time Equivalent employees may also impact the amount of loan forgiveness.

  • PPP Forgiveness Applications and Instructions: If you are unsure which application to complete, reach out to a Prevail Business Lender today.

Restaurant Revitalization Fund

  • The Restaurant Revitalization Fund supports the restaurant industry and other eligible businesses, who have suffered pandemic-related revenue losses. Applications are now being accepted, with initial priority given to businesses owned by women, veterans, or socially and economically disadvantaged individuals. Additional information can be found here.

    • This sample application will help you determine what information the SBA requires, what questions you will need to answer, and how to calculate the amount of funding you may be eligible to receive.

Other SBA Options

As a Small Business Administration partner, we're doing our part to assist in your business needs. We offer additional information for small businesses needing assistance and relief within the pandemic.

Contact your local Prevail Bank Business lender to discuss your business needs, and to see how we can help your business prevail.

Keep your Business Safe Online

As a business owner, it's crucial to mitigate any risk that your business may face. As much of business is currently done online this day and age, it is especially important to monitor your digital security. We offer additional resources in our Prevail Today Blog, as well as in our FAQ Answer Center. If you have any additional questions regarding our specific digital banking software, please reach out to our team at 800.205.0914.

Multi-Million Dollar Deposit Insurance Coverage Options

Prevail Bank is insured by the Federal Deposit Insurance Corporation (FDIC), which allows us the ability to guarantee the safety of your money within the FDIC guidelines.

If you are looking to deposit funds over the FDIC limit of $250,000 per entity, we offer Certificate of Deposit Account Registry Service (CDARs) for CD balances and Insured Cash Sweeps (ICS) for Checking and Money Market balances that are in excess of the FDIC limits. Both CDARs and ICS allow depositors to work with Prevail Bank, who then partner with other participating CDARs and ICS Banks. These options make it easy for you by working with just one bank, one rate and one statement with all of your funds information. Learn more about our CDARs and ICS services by visiting the Intrafi Network website, by contacting a Prevail Business Banker, or by watching our video below.

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Working with Quicken + QuickBooks

If you are a new user, or want to convert your banking transactions to Quicken or QuickBooks, simply export your Prevail Bank transactions from your Online Banking account and import into your Quicken or QuickBooks account. Get in touch with a Prevail Bank business representative today to learn more.

 

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