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WE OFFER HOME LOANS

Paycheck Protection Program Loan Forgiveness

Please use the application and resources below to apply and gain insight into the Paycheck Protection Program loan forgiveness.

PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS APPLICATION

The SBA PPP Loan Number, Lender PPP Loan Number, and the PPP Loan Disbursement Date will be provided for you. 

Borrower Checklist

Application Overview

Please note that all application-related communications will come from [email protected]. To keep your application moving, we highly suggest whitelisting this email within your email account.

About the Forgiveness Program

The information provided in below is from the U.S. Treasury and Small Business Administration regarding loan forgiveness. The following information is subject to change at any time based on direction from U.S. Treasury and Small Business Administration.

To receive PPP loan forgiveness, a borrower must complete and submit the Loan Forgiveness Application (SBA Form 3508, 3508EZ, or Lender equivalent) to its Lender (or the Lender servicing its loan). A borrower may submit a Loan Forgiveness Application before the end of the 8-week or 24-week covered period, provided that the borrower has used all of the loan proceeds for which the borrower is requesting forgiveness and the borrower’s loan forgiveness application accounts for any salary reductions in excess of 25 percent for the full covered period.

PPP Forgiveness FAQs

When will I be informed about the amount of my loan forgiveness?
Per the CARES Act, we are required to issue you a decision within 60 days after we receive your application for loan forgiveness.

Will the SBA review individual loan files?
PPP loans in excess of $2 million are subject to review by the SBA for compliance with loan requirements set forth in the PPP Interim Final Rules and in the Borrower Application Form. Additional guidance implementing this procedure will be forthcoming.

What will happen if I do not submit documentation for forgiveness?
You will be responsible for all payments due per your loan agreement.

If you have questions, please contact us using our secure contact form or calling 303-573-1170.

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