LIBOR Transition: What You Need to Know
04/16/21
While Republic Bank of Arizona has few loans tied to LIBOR, we want to keep you informed of the important changes coming, what they mean and how you can prepare for any impacts this phase-out may have on you or your business.
Read MoreDo You Have a Bank or a Banker?
02/26/21
If you were asked, who's your banker, how would you respond? Would you respond with the name of a person? Or an institution? Your answer matters.
Read MorePPP Loan Applications for 2021: What You Need to Know
01/13/21
While the PPP re-opened January 11, 2021, only a small number of select community development financial institutions were granted access to the SBA submission portal, so far. Banks have been instructed to watch for the portal updates that opens access to all. No specific dates have been provided, so we will continue to watch for the "gates to open." In the meantime, we are accepting applications for both First Draw Loan and Second Draw Loan applicants
Read MorePPP Loan Updates – What’s New for 2021
01/07/21
On December 27, 2020, the Economic Aid to Hard-Hit Businesses, Nonprofits, and Venues Act (the Economic Aid Act) was signed into law. The Act reauthorizes and modifies the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL). The SBA issued guidance to implement these new provisions January 6, 2021. The following information has been gleaned from that guidance issued by the SBA. Let's begin with what the Act provides for our existing PPP borrowers.
Read MorePPP Loan Forgiveness: What to Expect Next
10/12/20
On October 8, 2020, the SBA released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. The new Form 3508S is expected to streamline the process while also protecting against fraud. Learn about the process and get the latest updates.
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