We understand that in these unprecedented times you are experiencing tremendous pressure to keep your business running and provide for the safety and well-being of your employees. As you know, the SBA’s Paycheck Protection Program (PPP) is a new and quickly developing program.

We understand the urgency to get started and fully anticipate there will be plenty of funds available next week and into the weeks ahead. On Saturday April 4, 2020, U.S. Senator Marco Rubio, Chair of the Senate Small Business Committee, said that based on day one of the PPP, estimates point to funds not running out until around June 6th. Senator Rubio also reported that he and the Committee are committed to seeking more funding for the PPP.

First Midwest Bank has been working diligently to get our online application process up and running. Over the past 3 days First Midwest along with industry peers have run into different back-end technical complexities that have caused delays and resulted in our inability to accept applications as of now.  We continue to work tirelessly to fix the application and plan to be online soon. It is our mission to deliver a reliable platform for you to participate in this important relief program.

We will notify you as soon as we are able to accept PPP applications for existing First Midwest Bank business deposit and business loan clients on our website.

We encourage you to prepare the documentation that will be needed for the application process, in electronic/digital format. The SBA has defined the following documentation* as acceptable:

• Articles of incorporation or partnership agreement, as applicable
• Corporate bylaws or Operating Agreement for borrower
• 2019 Year-end Balance Sheet and Income Statement
• Payroll Documentation, which needs to detail
  • List of employees, annual compensation, and country of residence

We are all in this together. Thank you for choosing First Midwest Bank