54 JULY / AUGUST 2020 Positive PPP Loan Stories From IBA-member banks In April, the Indiana Bankers Association contacted member banks to collect small business success stories, based on Paycheck Protection Program loans. Following are excerpts: 1st Source Bank, South Bend “One client told us she was having a rough day. This was the day we called to give her the good news that her PPP loan was approved. She was beyond thrilled and very thankful.” - Emily Kronewitter, Banking Center Manager Bippus State Bank, Huntington “The headaches you’ve endured may have literally saved our businesses and jobs for 250 families. THANK YOU from the bottom of my heart.” - James Bashir A. Khan, Restaurant Owner - Baker Street Steakhouse, The Hoppy Gnome and Proximo Farmers & Merchants State Bank, Archbold, Ohio “The executive director of a nonprofit audiology clinic in northeast Indiana stated that closure forced them to furlough eight employees. The PPP proceeds would allow them to bring them back and continue providing care to patients.” - Lars B. Eller, President/CEO First Harrison Bank, Corydon “I was put into contact with Jennifer Cooper [commercial loan officer] to apply for the Paycheck Protection Program. She worked diligently with me, and I received my funds. It will likely save my 17-year business.” - Anonymous small business owner in New Albany First Internet Bank of Indiana, Fishers “With this loan we will be able to keep our entire staff of 24 people employed and continuing to work on our mission of improving lives by connecting people and information.” - Anonymous customer in New York Fowler State Bank “We helped over 100 businesses and close to 600 jobs in our small communities. We received several heartfelt thank you’s that we helped their businesses continue through these unprecedented times.” - Traci L. Davies, Vice President Garrett State Bank “One of the partners of a physical therapy business in Fort Wayne called asking if we might look at their loan request for $100,000+. We had them closed by the end of the week. I am proud of our staff who invested long hours to assist our communities.” - Mark S. Fogt, President/CEO Home Bank, Martinsville “Our friends at Home Bank came through for our business and our employees! Home Bank secured our PPP loan in a matter of days, ensuring we can continue to employ our awesome employees.” - Franchise Owner, Little Caesars Jackson County Bank, Seymour “A local manufacturer was in a meeting with managers, discussing how many and who they would have to lay off, when our CEO called with the good news that we had them approved for their PPP loan. Completely changed that conversation!” - Mary Ellen Jaynes, SVP/Chief Credit Administration Officer Old National Bank, Evansville “Alexis [Stier], you and your team have done an incredible job making sure our applications for PPP got through. You are heroes. Without your dedication, many of us would have not survived.” - Anonymous small business client Security Federal Savings Bank, Logansport “As soon as I read about the PPP, I contacted Security Federal and spoke to Lynne Ness. We were awarded the PPP, and it has allowed us to stay open, facilitate at-home work, and continue to provide more meals and services than we EVER have.” - Charles LaDow, Area Five Agency on Aging and Community Services STAR Bank, Fort Wayne “STAR Bank secured 1,559 PPP loans, totaling over $266.5M borrowed. STAR bankers and support team members worked with clients to secure the PPP funds, helping more than 29,274 Hoosier employees.” - Tim Gardner, Director of Marketing & Communications HB See more on Twitter at #BanksHelpingHoosiers and @indianabankers.
RkJQdWJsaXNoZXIy MTg3NDExNQ==