Loans Issued BY Platinum FCU

Loan Amount Company Name Location Lender
$150K-350K AIR CONDITIONING MAINTENANCE CO Tucson , AZ Platinum Bank
$1-2M PACIFIC ADVISOR LLC Claremont , CA Platinum Bank
$350K-1M J-SHELMONT ENTERPRISES, INC. Cape coral , FL Platinum Bank
$350K-1M CENTER FOR COSMETIC AND SEDATION DENTISTRY, LLC Lawrenceville , GA Platinum FCU
$150K-350K CENTER FOR SPRINE & PAIN MEDICINE, P.C. Dalton , GA Platinum FCU
$150K-350K LIFELINE MEDICAL CENTER LLC Peachtree corners , GA Platinum FCU
$150K-350K LIFELINE PRIMARY CARE INC Lilburn , GA Platinum FCU
$150K-350K MACON DONUTS & COFFEE INC Decatur , GA Platinum FCU
$1-2M CONSOLIDATED MANAGEMENT COMPANY Des moines , IA Platinum Bank
$350K-1M ECKELS ASSOCIATES LLC Bethesda , MD Platinum Bank
$2-5M NEW HORIZON FOODS INC Minneapolis , MN Platinum Bank
$2-5M RJM CONSTRUCTION LLC Minneapolis , MN Platinum Bank
$2-5M SCHERER BROS. LUMBER CO. Minneapolis , MN Platinum Bank
$2-5M SOUTHVIEW DESIGN, INC. Saint paul , MN Platinum Bank
$2-5M VERSIQUE INC Minneapolis , MN Platinum Bank
$2-5M W ZINTL CONSTRUCTION INC Stillwater , MN Platinum Bank
$1-2M ALPHA VIDEO AND AUDIO INC Eden prairie , MN Platinum Bank
$1-2M AMERICAN MASONRY RESTORATION CORPORATION Minneapolis , MN Platinum Bank
$1-2M CAPTIONMAX LLC Minneapolis , MN Platinum Bank
$1-2M DEDICATED NETWORKS INC Anoka , MN Platinum Bank
$1-2M DEPENDABLE HOME HEALTH CARE INC Saint paul , MN Platinum Bank
$1-2M DYNAMIC SEALING TECHNOLOGIES, INC. Andover , MN Platinum Bank
$1-2M ERICKSEN ROED AND ASSOCIATES INC Saint paul , MN Platinum Bank
$1-2M I:SPACE FURNITURE INC Minneapolis , MN Platinum Bank
$1-2M KEVITT EXCAVATING LLC Minneapolis , MN Platinum Bank
$1-2M L.S. BLACK CONSTRUCTORS INC Saint paul , MN Platinum Bank
$1-2M LYNDLY F. OPITZ Minneapolis , MN Platinum Bank
$1-2M MODERNISTIC, INC. Stillwater , MN Platinum Bank
$1-2M RESOLUTION MEDICAL, LLC Minneapolis , MN Platinum Bank
$1-2M RUDOLPH COMMUNITY AND CARE, LLC Savage , MN Platinum Bank
$1-2M SPECIALTY STAFFING GROUP LLC Minneapolis , MN Platinum Bank
$350K-1M BIRCHWOOD CAFE INC Minneapolis , MN Platinum Bank
$350K-1M CESO TRANSPORTATION LLC Minneapolis , MN Platinum Bank
$350K-1M CORE LIVING LLC Hopkins , MN Platinum Bank
$350K-1M CORNERSTONE CUSTOM CONSTRUCTION INC. Anoka , MN Platinum Bank

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.