COVID-19 Update: Branch lobbies now open - Learn More
up
x
Loading
up

CORPORATE OFFICE

Level One Bank

32991 Hamilton Ct.
Farmington Hills, MI 48334
Phone: 248-737-0300

Details

MORTGAGE LOAN CENTER

Level One Bank

1328 S Main Street
Ann Arbor, MI 48104
Phone: 734-213-1515

Details
BANKING CENTERS

ANN ARBOR

Level One Bank

195 N. Maple Road
Ann Arbor, MI 48103
Phone: 734-794-5225

Details

ANN ARBOR

Level One Bank

125 W William St.
Ann Arbor, MI 48104
Phone: 734-761-1475

Details

ANN ARBOR

Level One Bank

3930 South State St
Ann Arbor, MI 48108
Phone: 734-418-9995

Details

BIRMINGHAM

Level One Bank

1712 West Maple Road
Birmingham, MI 48009
Phone: 248-723-4800

Details

BLOOMFIELD

Level One Bank

6450 Telegraph Road
Bloomfield Hills, MI 48301
Phone: 248-406-8905

Details

BLOOMFIELD

Level One Bank

37100 Woodward Avenue
Bloomfield Hills, MI 48304
Phone: 248-530-7401

Details

DETROIT

Level One Bank

1420 Washington Boulevard
Detroit, MI 48226
Phone: 313-309-9980

Details

FARMINGTON HILLS

Level One Bank

30095 Northwestern Highway
Farmington Hills, MI 48334
Phone: 248-865-1300

Details

FARMINGTON HILLS

Level One Bank

30201 Orchard Lake Road
Farmington Hills, MI 48334
Phone: 248-737-1110

Details

FERNDALE

Level One Bank

22635 Woodward Avenue
Ferndale, MI 48220
Phone: 248-414-6500

Details

Grand Rapids

Level One Bank

2355 Burton St. SE
Grand Rapids, MI 49506
Phone: 616-827-4400

Details

JACKSON

Level One Bank

611 N Wisner
Jackson, MI 49202
Phone: 517-917-0908

Details

NORTHVILLE

Level One Bank

20550 Haggerty Road
Northville, MI 48167
Phone: 248-380-6590

Details

NOVI

Level One Bank

44350 W. 12 Mile Road
Novi, MI 48377
Phone: 248-735-1000

Details

Rochester Hills

Level One Bank

1880 S. Rochester Road
Rochester Hills, MI 48307
Phone: 248-710-3700

Details

STERLING HEIGHTS

Level One Bank

43683 Schoenherr Road
Sterling Heights, MI 48313
Phone: 586-412-1800

Details

Online Services

Login to Your Account

Login

SBA Paycheck Protection Program (PPP)

Level One Bank is proud to have helped over 2,000 local small businesses survive the COVID-19 pandemic through the financial support of the SBA Paycheck Protection Program (PPP). 

If you have already been approved for a PPP loan and need to apply for loan forgiveness, please note that we are not yet accepting loan forgiveness applications. We will have an online portal available soon where you can easily submit your loan forgiveness application via our website. 

If you have any questions or need assistance with your PPP loan, please contact your relationship banker or one of our banking centers. 


PPP Loan Forgiveness Update 6/17/2020

On June 17, the SBA and Treasury released a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5. In addition to revising the full forgiveness application, the SBA also published a new EZ version of the forgiveness application that applies to borrowers that:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, AND did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19, AND did not reduce the salaries or wages of their employees by more than 25%.

The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form found below.

Both applications give borrowers the option of using the original 8-week covered period (if your loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.

PLEASE NOTE: We are not yet accepting loan forgiveness applications. An online portal is coming soon. Check back for updates.

 
 
 

Calculator Template


PPP Flexibility Act 

On June 4, it was announced that the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010), which provides a number of favorable changes to the PPP. We anticipate the President will sign the legislation into law.
 
Summary of the PPP Flexibility Act:
  • Extends the Covered Period during which a Borrower may use funds from 8 weeks to 24 weeks.
  • Raises the non-payroll portion of a forgivable covered loan amount from 25% to 40%.
  • For loans originated after passage of the Act, the law establishes a minimum maturity of 5 years for loans with a remaining balance after forgiveness.
  • Revises the payment deferral period from 6 months to until borrowers receive funds for forgiven amounts.
  • Establishes that borrowers who do not apply for forgiveness have up to 10 months from the end of the covered period to begin making payments.
  • Extends the program covered period from June 30 until the end of the year.
  • Ensures full access to payroll tax deferment for businesses that take PPP loans.
  • Extends the rehiring deadline to offset the effect of enhanced Unemployment Insurance.

Additional COVID-19 Resources 

For information about hardship assistance programs offered by Level One Bank, and for the latest updates on banking center access and other resources, please visit our dedicated COVID-19 page. 
 

Learn More

Need help?

Contact our team of financial professionals to learn more about our products and services.


24/7 Customer Support

Call or chat with a real person. Nights, weekends and most holidays.

Thank you for visiting https://www.levelonebank.com/PPP
footer icon footer icon